Bachelor's Degree or Higher (5-year estimate) in Richmond city, VA
HC01ESTVC1751760 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.10
Year-over-Year Change
34.04%
Date Range
1/1/2010 - 1/1/2023
Summary
Measures educational attainment for Richmond city, Virginia, tracking the percentage of residents with bachelor's degrees or higher. Provides critical insight into local human capital and workforce development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This demographic indicator reflects the educational landscape of Richmond, offering insights into workforce skills, economic potential, and social mobility in the urban area.
Methodology
Data collected through U.S. Census Bureau's American Community Survey 5-year estimates.
Historical Context
Used by policymakers and economic developers to assess workforce readiness and educational infrastructure.
Key Facts
- Indicates human capital potential in urban areas
- Critical for economic development strategies
- Reflects educational investment and opportunities
FAQs
Q: What percentage of Richmond residents have a bachelor's degree?
A: The series tracks the percentage of residents with bachelor's degrees or higher. Exact percentage varies by year and data collection period.
Q: Why is educational attainment important for a city?
A: Higher education levels correlate with increased economic productivity, innovation, and potential for higher-paying jobs.
Q: How often is this data updated?
A: The 5-year estimate is typically updated annually by the U.S. Census Bureau.
Q: How does Richmond's educational attainment compare to other cities?
A: Comparative analysis requires examining similar urban areas and their educational demographic data.
Q: What limitations exist in this educational data?
A: 5-year estimates provide broad trends but may not capture most recent rapid demographic changes.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (HC01ESTVC1751760), retrieved from FRED.