Richmond City · Virginia
Richmond, VA demographics
Population, income and the local tax burden that sits on top of them — sourced from the Census Bureau and the Virginia Department of Taxation.
Quick answer
Richmond, VA has a population of 229,395 and a median household income of $60,485 — about $5,040 a month before tax. That ranks 70 of 94 covered metros by income and 72 of 94 by population.
Population
229,395
City limits, ACS 5-year
Median household income
$60,485
ACS 5-year estimate
Combined sales tax
6%
Virginia + local
Income rank
#70
of 94 covered metros
Estimated annual sales tax on a median household
A Richmond household at the median income of $60,485 spending roughly a quarter of pre-tax income on taxable retail goods would pay about $907 a year in sales tax at 6%. This is an illustration, not a filing figure: the taxable share of spending varies with household composition, and Virginia exempts or discounts several categories. The Central Virginia regional add-on took effect in 2020 and applies across the Richmond region, not just inside the city.
Method: median household income × 25% taxable share × combined rate. The 25% share is a rough national benchmark from the BLS Consumer Expenditure Survey, not a Richmond-specific measurement.
Sources
What each figure on this page comes from.
- Source: US Census Bureau, American Community Survey 5-year estimates
- Source: Virginia Department of Taxation rate tables · rates as published for 2026