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2024 Compare Cities Economy:
Montgomery, NY vs Richmond, VA

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Highlights
- Household income in Richmond, is 36% less than it is in Montgomery and is 26% below the National Average.
- Montgomery unemployment rate is 6.1%.
- Richmond unemployment rate is 7.1%.

Economy
 Montgomery, NYRichmond, VAUnited States
 Unemployment Rate6.1%7.1%6.0%
 Recent Job Growth0.8%1.8%1.6%
 Future Job Growth28.6%37.1%33.5%
 Sales Taxes8.1%5.3%6.2%
 Income Taxes6.2%5.8%4.6%
 Income per Cap.$36,543$38,132$37,638
 Household Income$85,255$54,795$69,021
 Family Median Income$102,176$72,604$85,028
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 Est. Households By Income
 Montgomery, NYRichmond, VAUnited States
 Income Less Than 15K12.2%14.1%9.4%
 Income between 15K and 20K3.1%5.4%3.8%
 Income between 20K and 30K4.4%9.1%8.1%
 Income between 30K and 40K6.5%9.6%8.0%
 Income between 40K and 50K4.4%8.6%7.6%
 Income between 50K and 60K4.0%8.1%7.2%
 Income between 60K and 75K10.0%9.3%9.6%
 Income between 75K and 100K13.8%11.3%12.8%
 Income between 100K and 150K23.0%11.7%16.3%
 Income between 150K and 200K9.2%5.2%7.8%
 Income greater than 200K9.4%7.5%9.5%
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 Population By Occupation
 Montgomery, NYRichmond, VAUnited States
 Management, business, finance12.1%16.7%16.4%
 Engineering, computers, science3.5%7.1%6.5%
 Community, social services1.9%2.7%1.8%
 Legal0.7%1.9%1.2%
 Education, library7.4%6.9%6.2%
 Arts, design, media, sports, entertainment2.0%3.2%2.0%
 Healthcare practitioners and technology6.5%6.1%6.2%
 Healthcare support2.3%3.2%3.3%
 Firefighters, law enforcement6.3%2.7%2.1%
 Food preparation, serving3.9%6.9%5.4%
 Building maintenance3.3%4.0%3.6%
 Personal care2.0%3.1%2.6%
 Sales, office, administrative support23.2%19.1%20.9%
 Farming, fishing, forestry0.1%0.2%0.6%
 Construction, extraction, maintenance/repair12.5%6.0%8.1%
 Production, transportation, material moving12.4%10.2%13.1%

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Reviews for Montgomery    0 Reviews

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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 MONTGOMERY, NEW YORK
No Zip Codes Here.
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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