Richmond is the capital of the Commonwealth of Virginia. It is an independent city and not part of any county. Richmond is the center of the Richmond Metropolitan Statistical Area (MSA) and the Greater Richmond area. The population within the city limits was 204,214 in 2010, with an estimated population of 1,269,380 for the Richmond Metropolitan Area — making it the third largest in Virginia. It is the county seat of Henrico County.

Richmond’s economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms, located in the downtown area. The city is home to both the United States Court of Appeals for the Fourth Circuit, one of 13 United States courts of appeals, and the Federal Reserve Bank of Richmond, one of 12 Federal Reserve Banks. Dominion Resources, CarMax, Genworth Financial, and MeadWestvaco, Fortune 500 companies, along with Universal Corporation, a Fortune 1000 company, are headquartered in the city, with others in the metropolitan area. Tourism is also important, as many historic sites are in or nearby the city.

The median income for a household in the city was $31,121, and the median income for a family was $38,348. Males had a median income of $30,874 versus $25,880 for females. The per capita income for the city was $20,337. About 17.1% of families and 21.4% of the population were below the poverty line, including 32.9% of those under age 18 and 15.8% of those age 65 or over.