Richmond, VA

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Population

1.3M

1.52% growth

Median Age

38.8


Median Household Income

$67,633

7.48% growth

Poverty Rate

12.4%


Number of Employees

651,053

1.86% growth

Median Property Value

$237,900

4.71% growth

About

In 2017, Richmond, VA had a population of 1.3M people with a median age of 38.8 and a median household income of $67,633. Between 2016 and 2017 the population of Richmond, VA grew from 1.28M to 1.3M, a 1.52% increase and its median household income grew from $62,929 to $67,633, a 7.48% increase.

The population of Richmond, VA is 57.2% White Alone, 29.7% Black or African American Alone, and 6.07% Hispanic or Latino. 9.88% of the people in Richmond, VA speak a non-English language, and 96.2% are U.S. citizens.

The largest universities in Richmond, VA are Virginia Commonwealth University (7,912 degrees awarded in 2016), J Sargeant Reynolds Community College (1,705 degrees), and John Tyler Community College (1,610 degrees).

The median property value in Richmond, VA is $237,900, and the homeownership rate is 66.2%. Most people in Richmond, VA commute by Drove Alone, and the average commute time is 24.2 minutes. The average car ownership in Richmond, VA is 2 cars per household.

About the photo: Skyline at Night, Richmond, VA

Economy

The economy of Richmond, VA employs 651k people. The largest industries in Richmond, VA are Health Care & Social Assistance (90,879 people), Retail Trade (71,269 people), and Educational Services (58,819 people), and the highest paying industries are Utilities ($79,953), Mining, Quarrying, & Oil & Gas Extraction ($71,171), and Professional, Scientific, & Technical Services ($67,030).

Median household income in Richmond, VA is $67,633. Males in Richmond, VA have an average income that is 1.33 times higher than the average income of females, which is $56,347. The income inequality in Richmond, VA (measured using the Gini index) is 0.477, which is lower than than the national average.

Wages

Median Household Income

$67,633

2017 value

± $1,588

7.48%

1 Year Growth

± 3.57%

Households in Richmond, VA have a median annual income of $67,633, which is more than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $62,929 in 2016, which represents a 7.48% annual growth.

Look at the chart to see how the median household income in Richmond, VA compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

The PUMS dataset is not available at the MSA level, so we are showing data for Virginia.

$74,867

Average Male Salary

± $1,332

$56,347

Average Female Salary

± $1,064

In 2017, full-time male employees in Virginia made 1.33 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in Virginia by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

The PUMS dataset is not available at the MSA level, so we are showing data for Virginia.

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $71,860 ± $3,385

  2. White

    $61,741 ± $1,001

  3. Native Hawaiian and Other Pacific Islander

    $59,500 ± $21,033

In 2017 the highest paid race/ethnicity of Virginia workers was Asian. These workers were paid 1.16 times more than White workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in Virginia by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Richmond, VA is from Virginia.

0.477

2017 Wage GINI

0.484

2016 Wage GINI

In 2017, the income inequality in Virginia was 0.477 according to the GINI calculation of the wage distribution. Income inequality had a 1.42% decline from 2016 to 2017, which means that wage distribution grew somewhat more even.

The 2017 the GINI for Virginia was lower than than the national average of 0.479. In other words, wages are distributed more evenly in Virginia in comparison to the national average.

This chart shows the number of workers in Virginia across various wage buckets compared to the national average.

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Income by Location

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Highest Median Household Income (Total)

In 2017, the county with the highest Median Household Income (Total) in Richmond, VA was Loudoun County, VA with a value of $135,842, followed by Fairfax County, VA and Arlington County, VA, with respective values of $118,279 and $117,237.

The following map shows all of the counties in Richmond, VA colored by their Median Household Income (Total).

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Poverty by Age and Gender

Females 25 - 34

Largest Demographic Living in Poverty

12.4% of the population for whom poverty status is determined in Richmond, VA (152k out of 1.23M people) live below the poverty line, a number that is lower than the national average of 13.4%. The largest demographic living in poverty are Females 25 - 34, followed by Females 18 - 24 and then Females 35 - 44.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. Black

    76,487 ± 2,103

  2. White

    61,246 ± 1,819

  3. Hispanic

    15,890 ± 976

The most common racial or ethnic group living below the poverty line in Richmond, VA is Black, followed by White and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Occupations

Employment by Occupations

651k

2017 Value

± 13,366

1.86%

1 Year growth

± 2.79%

From 2016 to 2017, employment in Richmond, VA grew at a rate of 1.86%, from 639k employees to 651k employees.

The most common job groups, by number of people living in Richmond, VA, are Office & Administrative Support Occupations (86,857 people), Management Occupations (70,447 people), and Sales & Related Occupations (70,184 people). This chart illustrates the share breakdown of the primary jobs held by residents of Richmond, VA.

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Most Common

The most common jobs held by residents of Richmond, VA, by number of employees, are Office & Administrative Support Occupations (86,857 people), Management Occupations (70,447 people), and Sales & Related Occupations (70,184 people).

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Most Specialized

Compared to other msas, Richmond, VA has an unusually high number of residents working as Law Enforcement Workers Including Supervisors (1.43 times higher than expected), Legal Occupations (1.33 times), and Computer & Mathematical Occupations (1.28 times).

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Highest Paid

The highest paid jobs held by residents of Richmond, VA, by median earnings, are Architecture & Engineering Occupations ($81,340), Legal Occupations ($81,190), and Computer & Mathematical Occupations ($80,419).

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Industries

Employment by Industries

651k

2017 Value

± 13,366

1.86%

1 Year growth

± 2.79%

From 2016 to 2017, employment in Richmond, VA grew at a rate of 1.86%, from 639k employees to 651k employees.

The most common employment sectors for those who live in Richmond, VA, are Health Care & Social Assistance (90,879 people), Retail Trade (71,269 people), and Educational Services (58,819 people). This chart shows the share breakdown of the primary industries for residents of Richmond, VA, though some of these residents may live in Richmond, VA and work somewhere else. Census data is tagged to a residential address, not a work address.

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Most Common

The most common industries in Richmond, VA, by number of employees, are Health Care & Social Assistance (90,879 people), Retail Trade (71,269 people), and Educational Services (58,819 people).

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Most Specialized

Compared to other msas, Richmond, VA has an unusually high number of Finance & Insurance (1.52 times higher than expected), Public Administration (1.51 times), and Utilities (1.49 times) industries.

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Highest Paying

The highest paying industries in Richmond, VA, by median earnings, are Utilities ($79,953), Mining, Quarrying, & Oil & Gas Extraction ($71,171), and Professional, Scientific, & Technical Services ($67,030).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Virginia to other states, or from other states to Virginia.

Top Domestic Production in Dollars

  1. $27.5B

  2. $26B

  3. $22.4B

In 2015, the top outbound Virginia product (by dollars) was Mixed freight with $27.5B, followed by Motorized vehicles ($26B) and Electronics ($22.4B).

The following chart shows the share of these products in relation to all outbound Virginia products.

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Domestic Trade Growth

Showing data for Virginia state.

$254B

2015 Value

$373B

Projected 2045 Value

46.7% growth

In 2015, total outbound Virginia trade was $254B. This is expected to increase 46.7% to $373B by 2045.

The following chart shows how the domestic outbound Virginia trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from Virginia to other states, or from other states to Virginia.

Most Common Trade Partners

  1. $23.4B

  2. $12.9B

  3. $11.1B

In 2015, the top outbound Virginia domestic partner for goods and services (by dollars) was Maryland with $23.4B, followed by North Carolina with $12.9B and Pennsylvania and $11.1B.

The following map shows the amount of trade that Virginia shares with each state (excluding itself).

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Health

91.4% of the population of Richmond, VA has health coverage, with 52.6% on employee plans, 10.9% on Medicaid, 11.4% on Medicare, 14.5% on non-group plans, and 2.06% on military or VA plans.

Per capita personal health care spending in the msa of Richmond, VA was $7,556 in 2014. This is a 3.42% increase from the previous year ($7,306).

Primary care physicians in Richmond, VA see 1316 patients per year on average, which represents a 0.0759% decrease from the previous year (1317 patients). Compare this to dentists who see 1494 patients per year, and mental health providers who see 684 patients per year.

Comparing across all counties in the state, Mecklenburg County and Halifax County have the highest prevalence of diabetes (15.6%). Additionally, Petersburg city has the highest prevalence of adult obesity (45.3%)

Patient to Clinician Ratios

Data is only available at the state level. Showing data for Virginia.

1,316 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in Virginia see an average of 1,316 patients per year. This represents a 0.0759% decrease from the previous year (1,317 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Virginia in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

Data is only available at the state level. Showing data for Virginia.

$7,556

Total Per Capita Spending on Personal Health Care 

$4,218

Per Enrollee Private Health Insurance Spending on Personal Health Care

$7,361

Per Enrollee Medicaid Spending on Personal Health Care

$9,677

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in Virginia (including private, Medicare, and Medicaid) grew 3.42%, from $7,306 to $7,556.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

8.56%

Uninsured

52.6%

Employer Coverage

10.9%

Medicaid

11.4%

Medicare

14.5%

Non-Group

2.06%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Richmond, VA grew by 20.2% from 7.12% to 8.56%.

The following chart shows how the percent of uninsured individuals in Richmond, VA changed over time compared with the percent of individuals enrolled in various types of health insurance.

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Health Risks

Data available at the county level.

Most at risk counties

  1. 15.6% prevalence

  2. 15.6% prevalence

  3. 15.4% prevalence

Mecklenburg County and Halifax County have the highest prevalence of diabetes in Virginia, at 15.6%.

The following map shows the prevalence of diabetes in Virginia by county over multiple years.

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Diversity

Richmond, VA is home to a population of 1.3M people, from which 96.2% are citizens. As of 2017, 7.23% of Richmond, VA residents were born outside of the country (94.1k people).

The ethnic composition of the population of Richmond, VA is composed of 745k White Alone residents (57.2%), 386k Black or African American Alone residents (29.7%), 79k Hispanic or Latino residents (6.07%), 48.7k Asian Alone residents (3.74%), 34.7k Two or More Races residents (2.67%), 4.27k Some Other Race Alone residents (0.328%), 3.31k American Indian & Alaska Native Alone residents (0.254%), and 264 Native Hawaiian & Other Pacific Islander Alone residents (0.0203%).

The most common foreign languages spoken in Richmond, VA are Spanish (55,404 speakers), Chinese (Incl. Mandarin, Cantonese) (5,151 speakers), and Telugu (4,828 speakers).

Age

Age by Nativity

38

Median Native-Born Age

± 0.4

41

Median Foreign-Born Age

± 1.2

In 2017, the median age of all people in Richmond, VA was 38.8. Native-born citizens, with a median age of 38, were generally younger than than foreign-born citizens, with a median age of 41. But people in Richmond, VA are getting getting younger. In 2016, the average age of all Richmond, VA residents was 39.

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Heritage

Foreign-Born Population

7.23%

2017 Foreign-Born Population

94.1k people

7.15%

2016 Foreign-Born Population

91.6k people

As of 2017, 7.23% of Richmond, VA residents (94.1k people) were born outside of the United States, which is lower than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Richmond, VA was 7.15%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Richmond, VA compared to that of it's neighboring and parent geographies.

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Global Diversity

The PUMS dataset is not available at the MSA level, so we are showing data for Virginia.

Most Common Origin

  1. El Salvador

    112,238 ± 8,170 people

  2. India

    92,231 ± 7,415 people

  3. Korea

    58,294 ± 5,907 people

In 2017, the most common birthplace for the foreign-born residents of Virginia was El Salvador, the natal country of 112,238 Virginia residents, followed by India with 92,231 and Korea with 58,294.

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Citizenship

96.2%

2017 Citizenship

96.4%

2016 Citizenship

As of 2017, 96.2% of Richmond, VA residents were US citizens, which is higher than the national average of 93.1%. In 2016, the percentage of US citizens in Richmond, VA was 96.4%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Richmond, VA compared to that of it's neighboring and parent geographies.

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Race and Ethnicity

Most Common

  1. White Alone

    745k ± 4.5k

  2. Black or African American Alone

    386k ± 5.35k

  3. Hispanic or Latino

    79k ± 5.53k

In 2017, there were 1.93 times more White Alone residents (745k people) in Richmond, VA than any other race or ethnicity. There were 386k Black or African American Alone and 79k Hispanic or Latino residents, the second and third most common racial or ethnic groups.

The following bar chart shows the 8 races and ethnicities represented in Richmond, VA as a share of the total population.

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Non-English Speakers

Most Common Languages

  1. Spanish

    55,404 speakers (4.52%)

  2. Chinese (Incl. Mandarin, Cantonese)

    5,151 speakers (0.42%)

  3. Telugu

    4,828 speakers (0.394%)

9.88% of Richmond, VA citizens are speakers of a non-English language, which is lower than the national average of 21.8%. In 2017, the most common non-English language spoken in Richmond, VA was Spanish. 4.52% of the overall population of Richmond, VA are native Spanish speakers. 0.42% speak Chinese (Incl. Mandarin, Cantonese) and 0.394% speak Spanish, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    25,856 ± 2,032

  2. Gulf War (2001-)

    18,970 ± 2,575

  3. Gulf War (1990s)

    18,319 ± 2,365

Richmond, VA has a large population of military personnel who served in Vietnam, 1.36 times greater than any other conflict.

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Education

In 2016, universities in Richmond, VA awarded 16,168 degrees. The student population of Richmond, VA is skewed towards women, with 28,233 male students and 41,462 female students.

Most students graduating from Universities in Richmond, VA are White (8,214 and 52.3%), followed by Black or African American (4,173 and 26.6%), Asian (1,204 and 7.67%), and Hispanic or Latino (942 and 6%).

The largest universities in Richmond, VA by number of degrees awarded are Virginia Commonwealth University (7,912 and 48.9%), J Sargeant Reynolds Community College (1,705 and 10.5%), and John Tyler Community College (1,610 and 9.96%).

The most popular majors in Richmond, VA are Registered Nursing (931 and 5.76%), General Business Administration & Management (905 and 5.6%), and General Psychology (731 and 4.52%).

The median tuition costs in Richmond, VA are $26,391 for private four year colleges, and $8,009 and $22,185 respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. 554 degrees awarded

  2. 495 degrees awarded

  3. 701 degrees awarded

In 2015, the most common concentation for Bachelors Degree recipients in Richmond, VA was General Biological Sciences with 554 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Richmond, VA according to their major.

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Universities

Largest Universities by degrees awarded

  1. 7,912 degrees awarded

  2. 1,705 degrees awarded

  3. 1,610 degrees awarded

$8,009

Median In-State Public

$26,391

Median Private

In 2016, the Richmond, VA institution with the largest number of graduating students was Virginia Commonwealth University with 7,912 degrees awarded.

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Student Gender for Common Institutions

6,014

Degrees Awarded to Men

10,154

Degrees Awarded to Women

In 2016, 6,014 men were awarded degrees from institutions in Richmond, VA, which is 0.592 times less than the 10,154 female students who received degrees in the same year.

This chart displays the gender disparity between the top 5 institutions in Richmond, VA by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    8,214 degrees awarded

  2. Black or African American

    4,173 degrees awarded

  3. Asian

    1,204 degrees awarded

In 2016 the majority of degrees awarded at institutions in Richmond, VA were to White students. These 8,214 degrees mean that there were 1.97 times more White students then the next closest race/ethnicity group, Black or African American, with 4,173 degrees awarded.

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Housing & Living

The median property value in Richmond, VA was $237,900 in 2017, which is 1.09 times larger than the national average of $217,600. Between 2016 and 2017 the median property value increased from $227,200 to $237,900, a 4.71% increase. The homeownership rate in Richmond, VA is 66.2%, which is higher than the national average of 63.9%. People in Richmond, VA have an average commute time of 24.2 minutes, and they commute by Drove Alone. Car ownership in Richmond, VA is approximately the same as the national average, with an average of 2 cars per household.

Income

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$67,633

Median Household Income

± $1,588

482k

Number of Households

± 10,894

In 2017, the median household income of the 482k households in Richmond, VA grew to $67,633 from the previous year's value of $62,929.

The following chart displays the households in Richmond, VA distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

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Housing

Property Value

$237,900

2017 Median

± $3,518

$227,200

2016 Median

± $3,035

In 2017, the median property value in Richmond, VA grew to to $237,900 from the previous year's value of $227,200.

The following charts display, first, the property values in Richmond, VA compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Richmond, VA the largest share of households have a property value in the $200k - $250k range.

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Property Taxes

$800 - $1,499

Average Range

This chart shows the households in Richmond, VA distributed between a series of property tax buckets compared to the national averages for each bucket. In Richmond, VA the largest share of households pay taxes in the $800 - $1,499 range.

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Rent vs Own

66.2%

2017 Homeownership

65.1%

2016 Homeownership

In 2017, 66.2% of the housing units in Richmond, VA were occupied by their owner. This percentage grew from the previous year's rate of 65.1%.

This percentage of owner-occupation is higher than the national average of 63.9%. This chart shows the ownership percentage in Richmond, VA compared it's parent and neighboring geographies.

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Transportation

Car Ownership

2 cars

Average Number

The following chart displays the households in Richmond, VA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Richmond, VA have 2 cars, followed by 3 cars.

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Commute Time

24.2 minutes

Average Travel Time

Using averages, employees in Richmond, VA have a shorter commute time (24.2 minutes) than the normal US worker (25.5 minutes). Additionally, 2.23% of the workforce in Richmond, VA have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Richmond, VA compares to that of it's neighboring and parent geographies.

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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    81.1%

  2. Carpooled

    8.1%

  3. Worked At Home

    5.78%

In 2017, the most common method of travel for workers in Richmond, VA was Drove Alone, followed by those who Carpooled and those who Worked At Home.

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