Richmond combines large-scale port facilities with a diverse range of industrial assets. It has attracted renewable energy projects, advanced manufacturing, and green logistics operations. The city offers workforce development programs tailored to the sustainability industry.
As of 2026 the population of Richmond is 116,459. The population is expected to grow to 116,532 by 2031 - a growth rate of 0.01%.
The median age of Richmond residents is 38.
The diversity index of Richmond is 89.3, meaning that there is a 89% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Richmond is $126,760 and projected to be $144,216 in 2031. Per capita income is $42,790, projected to be $48,872 in 2031. 5.65% of households – 6,584 – have an income of $200,000 or higher. Average net worth is $1,312,728 and the average disposable income is $93,472.
There are 40,776 housing units in Richmond; 20,215 are owner-occupied, 18,818 are rented, and 1,743 are vacant. The average home value is $837,758, with 1,860 homes built in 2010 or later, and 4,629 built in 1939 or earlier.
There are 2,856 businesses in Richmond, employing 30,458 workers and pulling from a labor force of 55,568 age 16 and above. 29,399 workers commute into Richmond from outside the county or state. Key industries for the area include:
26,088 residents both live and work in/around Richmond. The average travel time is 34.2 minutes. 2.32% people have a commute of less than 5 minutes while 8.36% commute 90 minutes or more each way. Of commuters, 33,488 drive alone, 7,573 carpool, and 4,565 take public transportation. 1,943 use other modes of transport such as motorcycle, bicycle, walking, etc. 7,753 residents work from home.
17,842 members of the workforce hold a high school diploma or GED. 6,419 have associates degrees, 17,336 have bachelor’s degrees, and 10,839 hold a graduate or professional degree.
Source: ESRI, 2026-08-31
