Richmond (city) County VA Data & Peer Group Rankings

HOUSING AFFORDABILITY INDEX
Richmond (city) County VA Housing Affordability Index is 93 State of Virginia Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Richmond (city) County VA Wealth Index is 73 State of Virginia Wealth Index is 124
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.

POPULATION
Total Population	228,443
Population in Households	215,532
Population in Families	135,298
Population in Group Qrtrs	12,911
Population Density	3,820
Diversity Index¹	64

INCOME
Median Household Income	$48,488
Average Household Income	$74,757
Per Capita Income	$32,412
Wealth Index³	73

HOUSING
Total Housing Units	106,898 (100%)
Owner Occupied HU	40,216 (37.6%)
Renter Occupied HU	57,310 (53.6%)
Vacant Housing Units	9,372 ( 8.8%)
Median Home Value	$247,819
Housing Affordability Index²	93

HOUSEHOLDS
Total Households	97,526
Average Household Size	2.21
Family Households	45,537
Average Family Size	3

NOTES

The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Richmond (city) County VA - Peer Comparisons by Rank and Percentile

The table below compares Richmond (city) County to the other 133 counties / independent cities and county equivalents in Virginia by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	1.22%	0.98%
Households	1.22%	0.99%
Families	1.06%	0.87%
Median Household Income		2.19%
Per Capita Income		2.8%

Variable Description	Rank	Percentile
Total Population	# 10	93rd
Population Density	# 9	94th
Diversity Index	# 14	89th
Median Household Income	# 85	37th
Per Capita Income	# 44	68th

Richmond (city) County VA Information

Richmond (city) County VA Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Richmond (city) County VA - Peer Comparisons by Rank and Percentile

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