Richmond city, Virginia Demographics 2026

Population Overview

Richmond city is located in Virginia with a total population of 227,595. It is the 10th most populous county out of 133 in Virginia. The county encompasses 1 Census-designated place.

Age Demographics

The median age in Richmond city is 34.5 years. This is 11% lower than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Richmond city is $62,671. This is 31% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 20% lower. The poverty rate stands at 18.8%. This is 90% higher than the state poverty rate of 9.9%. The unemployment rate is 6.0%. This is 39% higher than the state rate of 4.3%. The median home value is $328,100. Housing costs are 9% lower than the state median of $360,700. The home-value-to-income ratio is 5.2x. 43.5% of occupied housing units are owner-occupied. This homeownership rate is 35% lower than the state average of 67.2%.

Race & Ethnicity

Richmond city is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. White (non-Hispanic) residents account for 41.0%. The Black or African American population is significantly higher than the state average (41.6% vs 18.4%). The Asian population (2.1%) is well below the state average of 6.8%.

Education

44.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 6% higher than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.3%. Notably, 18.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.