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Richmond city, VA&

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Population
216,773
1.42% growth
Median Age
33.2
Median Household Income
$41,187
1.05% growth
Poverty Rate
25.4%
Number of Employees
107,261
2.6% growth
Median Property Value
$199,300
2.89% growth

About the photo: Skyline at Night, Richmond, VA

Economy

The economy of Richmond city, VA employs 107,261 people. The economy of Richmond city, VA is specialized in Finance & Insurance; Admin., Support, Waste Management Services; and Accommodation & Food Service, which employ respectively 1.34; 1.3; and 1.26 times more people than what would be expected in a location of this size. The largest industries in Richmond city, VA are Healthcare & Social Assistance (16,583), Educational Services (12,572), and Retail trade (11,575), and the highest paying industries are Management of Companies & Enterprises ($62,969), Utilities ($52,821), and Professional, Scientific, Tech Services ($52,296).

Median household income in Richmond city, VA is $41,187. Males in Richmond city, VA have an average income that is 1.14 times higher than the average income of females, which is $50,606. The income inequality of Richmond city, VA (measured using the Gini index) is 0.485 which is approximately the same as the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Richmond city, VA. In Richmond city, VA the age groups most likely to have health care coverage are 25-34 and 25-34, men and women, respectively. The location has a 1 to 101 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $8,755. Petersburg city, VA has the highest prevalence of homicides of any county in Virginia.

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Diversity

Richmond city, VA is home to a population of 216,773 people, from which 95.7% are citizens. The ethnic composition of the population of Richmond city, VA is composed of 104,831 Black residents (48.4%), 86,343 White residents (39.8%), 13,729 Hispanic residents (6.33%), 6,606 Two+ residents (3.05%), and 4,571 Asian residents (2.11%). The most common foreign languages in Richmond city, VA are Spanish (11,111 speakers), French (1,147 speakers), and African Languages (910 speakers), but compared to other places, Richmond city, VA has a relative high number of Other (247 speakers), African Languages (910 speakers), and French (1,147 speakers).

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Military

Veterans

Education

In 2015 universities in Richmond city, VA awarded 9,407 degrees. The student population of Richmond city, VA is skewed towards females, with 3,827 male students and 5,580 female students. Most students in Richmond city, VA are White (5,272 and 56%), followed by Black or African American (1,552 and 16.5%), Asian (908 and 9.7%), and Hispanic or Latino (523 and 5.56%). The largest universities in Richmond city, VA by number of graduates are Virginia Commonwealth University (7,777 and 82.7%), University of Richmond (1,258 and 13.4%), and Virginia Union University (329 and 3.5%). The most popular majors in Richmond city, VA are General Psychology (590 and 6.27%), General Biological Sciences (446 and 4.74%), and General Business (337 and 3.58%). The median tuition costs in Richmond city, VA are $49,420 for private four year colleges, and $10,846 and $29,378 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Richmond city, VA is $199,300, which is 0.97 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $193,700 to $199,300, a 2.89% increase. The homeownership rate of Richmond city, VA is 41.4%, which is lower than the national average of 63.6%. People in Richmond city, VA have an average commute time of 21.1 minutes, and they commute by Drove Alone. Car ownership in Richmond city, VA is approximately the same as the national average, with an average of 2 cars per household.

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