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2024 Compare Cities Economy:
Austin, TX vs Richmond, VA

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Highlights
- Household income in Richmond, is 31% less than it is in Austin and is 26% below the National Average.
- Austin unemployment rate is 5.1%.
- Richmond unemployment rate is 7.1%.

Economy
 Austin, TXRichmond, VAUnited States
 Unemployment Rate5.1%7.1%6.0%
 Recent Job Growth3.5%1.8%1.6%
 Future Job Growth47.0%37.1%33.5%
 Sales Taxes8.3%5.3%6.2%
 Income Taxes0.0%5.8%4.6%
 Income per Cap.$48,550$38,132$37,638
 Household Income$78,965$54,795$69,021
 Family Median Income$104,153$72,604$85,028
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 Est. Households By Income
 Austin, TXRichmond, VAUnited States
 Income Less Than 15K8.3%14.1%9.4%
 Income between 15K and 20K2.6%5.4%3.8%
 Income between 20K and 30K6.1%9.1%8.1%
 Income between 30K and 40K6.8%9.6%8.0%
 Income between 40K and 50K7.1%8.6%7.6%
 Income between 50K and 60K7.5%8.1%7.2%
 Income between 60K and 75K9.3%9.3%9.6%
 Income between 75K and 100K12.6%11.3%12.8%
 Income between 100K and 150K17.7%11.7%16.3%
 Income between 150K and 200K9.4%5.2%7.8%
 Income greater than 200K12.7%7.5%9.5%
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 Population By Occupation
 Austin, TXRichmond, VAUnited States
 Management, business, finance21.9%16.7%16.4%
 Engineering, computers, science13.1%7.1%6.5%
 Community, social services1.5%2.7%1.8%
 Legal2.1%1.9%1.2%
 Education, library6.6%6.9%6.2%
 Arts, design, media, sports, entertainment4.3%3.2%2.0%
 Healthcare practitioners and technology4.6%6.1%6.2%
 Healthcare support1.7%3.2%3.3%
 Firefighters, law enforcement1.0%2.7%2.1%
 Food preparation, serving5.6%6.9%5.4%
 Building maintenance2.9%4.0%3.6%
 Personal care2.5%3.1%2.6%
 Sales, office, administrative support19.1%19.1%20.9%
 Farming, fishing, forestry0.1%0.2%0.6%
 Construction, extraction, maintenance/repair6.1%6.0%8.1%
 Production, transportation, material moving7.0%10.2%13.1%

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Reviews for Austin    449 Reviews

This Year

Good place to visit.  More

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Austin is too expensive. Let's get that out of the way. Other than that it is a fun city. Ladybird Lake makes the city, imo. The ability to stand up paddle, kayak, walk  More

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The city continues to grow quickly, which a lot of people don't like. I get it, you fall in love with a city, and it's growing so fast that you don't recognize the same  More

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Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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ZIPS IN AUSTIN, TEXAS
78745, 78753, 78741, 78748, 78744, 78704, 78758, 78759, 78749, 78723, 40 total
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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