Richmond city, VA Median Household Income By Race

In Richmond city, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, White households have the highest median household income at $81,904, while Black or African American households represent the opposite end with the lowest median household income of $37,707.
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Updated Jan 4, 2024

Median Household Income by Racial Categories in Richmond city, VA (2022)

This table presents the median household income across different racial categories in Richmond city, based on the latest 1-Year estimates from the American Community Survey.

Race Of The Head Of Household Median Household Income
White $81,904
Black or African American $37,707
Asian $75,926
Some Other Race $42,420
Two or More Races $39,803
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Avg Income Age group Avg Income Diversity Index Population Gender ratio (M:F) Homeownership % Avg commute time Custom Dataset: Richmond city Self-employed, multilingual, car-commuting, insured individuals 15 to 24 years $27,865 75 27,354 0.75 0.5% 55 min 25 to 44 years $44,231 90 37,459 0.86 19% 43 min 45 to 64 years $53,865 95 42,167 0.77 35% 15 min 65 to 74 years $51,800 74 32,972 0.91 45% 13 min 75 to 84 years $41,234 66 26,758 0.87 66% 42 min 85 years and over $36,093 56 18,857 0.89 76% 45 min

Richmond city, VA median household income diversity

Based on our analysis of the distribution of Richmond city population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 45.24% of the total residents in Richmond city. Notably, the median household income for Black or African American households is $37,707.

Interestingly, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $81,904. This reveals that, while Black or African Americans may be the most numerous in Richmond city, White households experience greater economic prosperity in terms of median household income.

For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau.

The bar chart shows Richmond city, VA median household income across all racial categories identified by the U.S. Census Bureau.
Richmond city, VA median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates

In Richmond city, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $81,904. Asian households have a median income of approximately $75,926. Some Other Race households have a median income of approximately $42,420. Two or More Races households have a median income of approximately $39,803. Conversely, Black or African American households reveal the lowest median income at $37,707. These disparities underscore the varied income distribution within the county of Richmond city.

Richmond city, VA median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Richmond city, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Richmond city.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

  • White: In Richmond city, the median household income for the households where the householder is White increased by $13,592(19.90%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $68,312 in 2012 and $81,904 in 2022.
  • Black or African American: In Richmond city, the median household income for the households where the householder is Black or African American increased by $2,712(7.75%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $34,995 in 2012 and $37,707 in 2022.
  • American Indian and Alaska Native: Even though there is a population where the householder is American Indian and Alaska Native, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
  • Asian: In Richmond city, the median household income for the households where the householder is Asian increased by $26,929(54.96%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $48,997 in 2012 and $75,926 in 2022.
  • Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
  • Some other race: In Richmond city, the median household income for the households where the householder is Some other race increased by $15,313(56.49%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $27,107 in 2012 and $42,420 in 2022.
  • Two or more races (multiracial): In Richmond city, the median household income for the households where the householder is multiracial decreased by $16,155(28.87%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $55,958 in 2012 and $39,803 in 2022.
  • Above analysis reconfirms that there are 5 race households in Richmond city. Households are categorized based on the self-identified race of the head of household.
Line chart showing Richmond city, VA median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2012 and 2022, with incomes values adjusted for inflation using 2022 Consumer Price Index retroactive series using current methods. It provides insights into income disparities and variations across racial categories, aiding in data analysis and decision-making.
Richmond city, VA median household income trends across races (2012-2022, in 2022 inflation-adjusted dollars). Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $26,929. On the other hand, households where householder is multiracial experienced a notable decline, with a decrease of $16,155 in median income. Source: U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates

Richmond city median household income by race betwen 2012 and 2022

Explore the evolution of median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau. This table showcases the annual income trends, from 2012 to 2022, providing insights into the economic shifts within diverse racial communities.

Race Of The Head Of Household 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
White $69,389 $69,125 $68,312 $69,760 $71,222 $73,444 $82,616 $76,464 $83,271 $82,533 N/A $84,059 $81,904
Black or African American $41,871 $36,161 $34,995 $34,396 $37,173 $31,261 $31,011 $33,878 $40,964 $37,004 N/A $34,572 $37,707
American Indian and Alaska Native N/A $99,782 N/A N/A N/A $30,299 $40,507 $92,411 $43,163 $22,348 N/A $60,638 N/A
Asian $23,866 N/A $48,997 $50,787 N/A $59,052 $62,861 $75,052 $52,342 N/A N/A N/A $75,926
Some Other Race N/A $40,728 $27,107 $38,073 N/A $44,181 N/A N/A $60,322 $70,014 N/A $73,370 $42,420
Two or More Races $39,800 $29,605 $55,958 $52,498 $35,510 $50,086 $30,051 $79,513 $31,818 $85,741 N/A $48,970 $39,803
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Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $26,929. On the other hand, households where householder is multiracial experienced a notable decline, with a decrease of $16,155 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Richmond city, VA?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2022 1-Year Estimates, households with White householders in Richmond city have the highest median household income at $81,904.

How does the median household income vary by race in Richmond city, VA?

In Richmond city, the median household income In Richmond city, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $81,904. Asian households have a median income of approximately $75,926. Some Other Race households have a median income of approximately $42,420. Two or More Races households have a median income of approximately $39,803. Conversely, Black or African American households reveal the lowest median income at $37,707. These disparities underscore the varied income distribution within the county of Richmond city..

Which racial group has the lowest median household income according to the Census Bureau in Richmond city, VA?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2022 1-Year Estimates, households headed by individuals identifying as Black or African American in Richmond city exhibit the lowest median household income at $37,707 among the identified racial categories.

What is the median household income for White households in Richmond city, VA?

In Richmond city, the median household income for the households where the householder is White increased by $13,592(19.90%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $68,312 in 2012 and $81,904 in 2022.

What is the median household income for Black or African American households in Richmond city, VA?

In Richmond city, the median household income for the households where the householder is Black or African American increased by $2,712(7.75%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $34,995 in 2012 and $37,707 in 2022.

References

Datasets

Explore datasets by year of publication.
2023
Median Household Income by Racial Categories in Richmond city, VA (2022)
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household income across different racial categories in Richmond city. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Richmond city population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 45.24% of the total residents in Richmond city. Notably, the median household income for Black or African American households is $37,707. Interestingly, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $81,904. This reveals that, while Black or African Americans may be the most numerous in Richmond city, White households experience greater economic prosperity in terms of median household income.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Richmond city.
  • Median household income: Median household income, adjusting for inflation, presented in 2022-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Richmond city median household income by race. You can refer the same here

Richmond city, VA median household income breakdown by race betwen 2012 and 2022
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Richmond city. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2012 and 2022, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

  • White: In Richmond city, the median household income for the households where the householder is White increased by $13,592(19.90%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $68,312 in 2012 and $81,904 in 2022.
  • Black or African American: In Richmond city, the median household income for the households where the householder is Black or African American increased by $2,712(7.75%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $34,995 in 2012 and $37,707 in 2022.
  • Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Richmond city.
  • 2010: 2010 median household income
  • 2011: 2011 median household income
  • 2012: 2012 median household income
  • 2013: 2013 median household income
  • 2014: 2014 median household income
  • 2015: 2015 median household income
  • 2016: 2016 median household income
  • 2017: 2017 median household income
  • 2018: 2018 median household income
  • 2019: 2019 median household income
  • 2020: 2020 median household income
  • 2021: 2021 median household income
  • 2022: 2022 median household income
  • Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
  • Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Richmond city median household income by race. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

Explore more

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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