Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

15,868 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $1,541

Average Rent as Percentage of Gross Income

Median rent for 2018: $1,083

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $3,237,825
--Home Prepared Food $1,824,489
--Restaurant/Takeaway Food $1,413,336
Alcoholic Beverages $237,697
Housing $8,206,988
--Rent/Mortgage/Upkeep/Taxes $4,798,920
--Utilities $1,654,246
--Operations $623,153
--Supplies $305,152
--Furnishings $828,729
Apparel $761,274
--Men & Boys $170,243
--Women & Girls $308,364
--Children < 2 $3,212
--Footwear $160,606
Transportation $3,986,251
--New Vehicles $745,214
--Used Vehicles $851,214
--Fuel $860,850
--Insurance $398,304
--Public Transit $334,061
Healthcare $2,030,065
Entertainment $1,316,973
--Pets $269,819
--Toys $64,243
Personal Care Products $314,789
Books & Literature $44,970
Education $574,971
Tobacco Products $141,334
Miscellaneous $404,728
Retirement $770,911
Non-health Insurance $2,980,855
Total Expenditures $25,009,630

Selected Population Data

Period Geography Population
2014 Richmond, VA Metro Area 1,234,058
2015 Richmond, VA Metro Area 1,246,215
2016 Richmond, VA Metro Area 1,258,158
2017 Richmond, VA Metro Area 1,270,158
2018 Richmond, VA Metro Area 1,281,530