The City of Richmond is the 5th largest city in Virginia with a population of 228,482 as of July 1, 2019. Richmond ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Virginia. See peer rankings below.
The primary coordinate point for Richmond is located at latitude 37.5538 and longitude -77.4603 in Richmond (city) County. The formal boundaries for the City of Richmond encompass a land area of 59.82 sq. miles and a water area of 2.66 sq. miles. Richmond (city) County is in the Eastern time zone (GMT -5). The elevation is 210 feet.
The City of Richmond (GNIS ID: 1789073) has a C7 Census Class Code which indicates an incorporated place that is independent of any county. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for Richmond: Manchester, None Such, Richmond City, Shoccoe's, Shockoe.
HOUSING AFFORDABILITY INDEX
|Richmond, VA Housing Affordability Index is 94
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.|
|Richmond, 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 cities, Counties / Independent Cities, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Virginia address.
|Population in Households||215,570|
|Population in Familes||135,316|
|Population in Group Qrtrs||12,912|
|Median Household Income||$48,487|
|Average Household Income||$74,761|
|Per Capita Income||$32,417|
|Total Housing Units||106,916 (100%)|
|Owner Occupied HU||40,219 (37.6%)|
|Renter Occupied HU||57,325 (53.6%)|
|Vacant Housing Units||9,372 ( 8.8%)|
|Median Home Value||$247,798|
|Housing Affordability Index2||94|
|Average Household Size||2.21|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.19%|
|Per Capita Income||2.8%|
The table below compares Richmond to the other 593 incorporated cities, towns and CDPs 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.
|Total Population||# 5||99th|
|Population Density||# 61||90th|
|Diversity Index||# 113||81st|
|Median Household Income||# 382||36th|
|Per Capita Income||# 231||61st|
Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.