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2024 Compare Cities Economy:
Montvale, NJ vs Richmond, VA

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Highlights
- Household income in Richmond, is 66% less than it is in Montvale and is 26% below the National Average.
- Montvale unemployment rate is 7.4%.
- Richmond unemployment rate is 7.1%.

Economy
 Montvale, NJRichmond, VAUnited States
 Unemployment Rate7.4%7.1%6.0%
 Recent Job Growth-0.5%1.8%1.6%
 Future Job Growth25.3%37.1%33.5%
 Sales Taxes6.6%5.3%6.2%
 Income Taxes5.5%5.8%4.6%
 Income per Cap.$65,857$38,132$37,638
 Household Income$163,170$54,795$69,021
 Family Median Income$168,333$72,604$85,028
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 Est. Households By Income
 Montvale, NJRichmond, VAUnited States
 Income Less Than 15K4.3%14.1%9.4%
 Income between 15K and 20K2.6%5.4%3.8%
 Income between 20K and 30K1.6%9.1%8.1%
 Income between 30K and 40K2.7%9.6%8.0%
 Income between 40K and 50K2.2%8.6%7.6%
 Income between 50K and 60K3.2%8.1%7.2%
 Income between 60K and 75K4.1%9.3%9.6%
 Income between 75K and 100K8.3%11.3%12.8%
 Income between 100K and 150K18.8%11.7%16.3%
 Income between 150K and 200K22.1%5.2%7.8%
 Income greater than 200K30.0%7.5%9.5%
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 Population By Occupation
 Montvale, NJRichmond, VAUnited States
 Management, business, finance26.9%16.7%16.4%
 Engineering, computers, science5.6%7.1%6.5%
 Community, social services2.0%2.7%1.8%
 Legal2.7%1.9%1.2%
 Education, library14.3%6.9%6.2%
 Arts, design, media, sports, entertainment1.8%3.2%2.0%
 Healthcare practitioners and technology5.6%6.1%6.2%
 Healthcare support0.4%3.2%3.3%
 Firefighters, law enforcement2.5%2.7%2.1%
 Food preparation, serving3.6%6.9%5.4%
 Building maintenance0.0%4.0%3.6%
 Personal care2.4%3.1%2.6%
 Sales, office, administrative support27.4%19.1%20.9%
 Farming, fishing, forestry0.0%0.2%0.6%
 Construction, extraction, maintenance/repair1.6%6.0%8.1%
 Production, transportation, material moving3.1%10.2%13.1%

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Reviews for Montvale    2 Reviews

Terrific location in northern NJ provides access to all kinds of entertainment, culture, experiences, etc. Great schools. Only problem is the cost of living in  More

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Over 16 years ago

As is the case in most of the New York City metropolitan area, the cost of living is so high as to be absurd. The high costs of housing, utilities, entertainment, and  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 MONTVALE, NEW JERSEY
07645
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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