Last updated: 2024 BLS data · Page refreshed:
Richmond has a population of 115,505 with a median age of 37.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 115,505 |
| Median Age | 37.9 |
| White | 21.2% |
| Black or African American | 16.4% |
| Asian | 13.8% |
| Hispanic or Latino | 45.5% |
| Other / Two or More Races | 3.1% |
The median household income in Richmond is $95,391, which is 18.3% above the national median of $80,610. The per capita income is $43,743. The poverty rate is 13.5%.
The unemployment rate in Richmond is 4.6%, compared to the national rate of 4.1%.
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In Richmond, 79.5% of residents age 25+ have a high school diploma or higher, and 33.0% hold a bachelor's degree or higher (13.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 79.5% |
| Bachelor's Degree or Higher | 33.0% |
| Graduate or Professional Degree | 13.0% |
The median home value in Richmond is $668,200, above the national median of $303,400. The median monthly rent is $1,960. The homeownership rate is 54.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $668,200 |
| Median Monthly Rent | $1,960 |
| Homeownership Rate | 54.7% |
| Vacancy Rate | 4.0% |
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