In 2023, the population of the Richmond metropolitan area in the United States was about 1.35 million people. This was a slight increase from the previous year, when the population was about 1.34 million people.

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.

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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

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