Last updated: 2024 BLS data · Page refreshed:
Richmond has a population of 229,359 with a median age of 34.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 229,359 |
| Median Age | 34.7 |
| White | 42.8% |
| Black or African American | 41.0% |
| Asian | 2.1% |
| Hispanic or Latino | 10.7% |
| Other / Two or More Races | 3.4% |
The median household income in Richmond is $64,587, which is 19.9% below the national median of $80,610. The per capita income is $45,790. The poverty rate is 18.2%.
The unemployment rate in Richmond is 3.2%, compared to the national rate of 4.1%.
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In Richmond, 90.2% of residents age 25+ have a high school diploma or higher, and 45.6% hold a bachelor's degree or higher (18.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.2% |
| Bachelor's Degree or Higher | 45.6% |
| Graduate or Professional Degree | 18.9% |
The median home value in Richmond is $353,000, above the national median of $303,400. The median monthly rent is $1,372. The homeownership rate is 43.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $353,000 |
| Median Monthly Rent | $1,372 |
| Homeownership Rate | 43.5% |
| Vacancy Rate | 8.7% |
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