Richmond has a population of 227,171 with a median age of 34.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 227,171 |
| Median Age | 34.5 |
| White | 44.6% |
| Black or African American | 44.0% |
| Asian | 2.3% |
| Hispanic or Latino | 7.6% |
| Other / Two or More Races | 1.5% |
The median household income in Richmond is $59,606, which is 20.7% below the national median of $75,149. The per capita income is $42,132. The poverty rate is 19.5%.
The unemployment rate in Richmond is 6.1%, compared to the national rate of 5.4%.
In Richmond, 88.8% of residents age 25+ have a high school diploma or higher, and 44.1% hold a bachelor's degree or higher (18.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.8% |
| Bachelor's Degree or Higher | 44.1% |
| Graduate or Professional Degree | 18.4% |
The median home value in Richmond is $308,300, above the national median of $281,900. The median monthly rent is $1,227. The homeownership rate is 43.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $308,300 |
| Median Monthly Rent | $1,227 |
| Homeownership Rate | 43.2% |
| Vacancy Rate | 9.3% |
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