Pros and Cons of Living In Richmond, Virginia. Is Richmond, VA a Nice Place To Live or Retire?

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Richmond, Virginia

Moving to Richmond In Virginia ? Is Richmond, VA a Nice Place To Live? Pros and Cons of Living in Richmond, Virginia. Find out the best and worst about to live, raise a family or retire in Richmond.

Richmond ( RITCH-mənd) is the capital city of the Commonwealth of Virginia in the United States. Incorporated in 1742, Richmond has been an independent city since 1871. The city's population in the 2020 census was 226,610, up from 204,214 in 2010, making it Virginia's fourth-most populous city. The Richmond metropolitan area, with over 1.3 million residents, is the Commonwealth's third-most populous.

Richmond is located at the James River's fall line, 44 mi (71 km) west of Williamsburg, 66 mi (106 km) east of Charlottesville, 91 mi (146 km) east of Lynchburg and 92 mi (148 km) south of Washington, D.C. Surrounded by Henrico and Chesterfield counties,...

DEMOGRAPHICS

Population
229233
Unemployment
6.3%
34% NAT AVG.
Poverty
20.9%
49% NAT AVG.
Cost Of Living
99
1% NAT AVG.

ECONOMICS

Median Home Cost
$244200
6% NAT AVG.
Median Income
$51421
24% NAT AVG.
Median Rent
$1070
8% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
7630
39% NAT. AVG.
96% STATE AVG.
Violent Crime
814
10% NAT. AVG.
67% STATE AVG.
Property Crime
6816
49% NAT. AVG.
101% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 5
Unemployed People
1 in 16
People Earning < $10,000
1 in 10
People Earning < $50,000
49%
People With Any Degree
1 in 2.2

ETHNICITY

Ethnicity Richmond USA
White 41.2% 60.1%
African American 45.8% 12.2%
American Indian 0.1% 0.6%
Asian 2.1% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.5% 2.8%
Hispanic 7.1% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Richmond USA
Less than $10,000 9.7% 5.8%
$10,000 to $14,999 5.7% 4.1%
$15,000 to $24,999 10.4% 8.5%
$25,000 to $34,999 10% 8.6%
$35,000 to $49,999 13.2% 12.0%
$50,000 to $74,999 17.5% 17.2%
$75,000 to $99,999 10.2% 12.8%
$100,000 to $149,999 11.7% 15.6%
$150,000 to $199,999 4.9% 7.1%

EDUCATION

Education Richmond USA
< 9th Grade 6% 5.0%
9-12th Grade 8% 7.0%
High School or GED 21% 27.0%
Other College 19% 20.0%
Associate's Degree 5% 9%
Bachelor's Degree 24% 20.0%
Master's Degree 12% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 2% 1.0%
Richmond is a city in Virginia state in USA with a population of 229233 residents.. The poverty rate of Richmond is 20.9%, which is 49% higher than national average. The typical household in Richmond earns $51421 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 10 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 49% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Richmond remained 6.3%, which is 34% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Richmond is 99, which is 1% lower than national average. In Richmond, only 41% of adults have a bachelor's degree and 24% have some college but no degree. Median home value in Richmond is $244200 , which is 6% higher than national average. While median income in Richmond remained $51421, which is 24% lower than national average.
Richmond Scorecard

Jobs60%

Housing85%

Affordability40%

Safety50%

Amenities95%

Diversity95%

Education80%

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