RichmondVirginia

Richmond Population Demographics

According to US population projections for 2022, the estimated population of Richmond is 226,604. 20.24% is under 18, while 14.19% is over 65.

A closer look at the age demography reveals that 5.76% of the population was five years old or younger, 20.24% were 18 years or younger and 26.04% were aged 65 years and over. The gender split in the state was nearly even, with 52.98% female and 47.02% male.

Richmond Housing

According to the US Census, Richmond has 112,806 housing units. The average owner-occupied housing unit rate in Richmond was 88.58%. At the same time, the city's median value of owner-occupied homes was $311,700

Richmond Racial Demographics

In 2020, the US Census estimated that White Alone and Black Or African American Alone constitute 83.75% of Richmond's population. Residents of the city who were Some Other Race Alone, made up 6.81% of the total population.

Other racial groups include Asian Alone, constituting 2.76% of the city's population and White Black Or African American at 1.25%

How Educated is Richmond

According to Census estimates, in 2021, 25.5 of Richmond residents had a bachelor's degree, while 18.2 had a graduate or professional degree.

Overall, 43.70% of residents have a bachelor's degree or higher.

Average Income in Richmond

The median household income in Richmond is $51,770. This figure is significantly (approximately 0.00%) less than the state average of $51,770.

Estimates by family type revealed that families earned an average of $75,062 per year, while married-couple families earned an average of $113,847.

A closer examination of the income groups of Richmond households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $35,000 and $49,999 (13.3%) and those with incomes exceeding $200,000 (7.3%). 10.1% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family