Home / Select Cities  /  2024 Comparing Raleigh, NC vs. Richmond, VA

2024 Compare Cities Economy:
Raleigh, NC vs Richmond, VA

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Highlights
- Household income in Richmond, is 25% less than it is in Raleigh and is 26% below the National Average.
- Raleigh unemployment rate is 4.3%.
- Richmond unemployment rate is 7.1%.

Economy
 Raleigh, NCRichmond, VAUnited States
 Unemployment Rate4.3%7.1%6.0%
 Recent Job Growth3.0%1.8%1.6%
 Future Job Growth44.2%37.1%33.5%
 Sales Taxes7.3%5.3%6.2%
 Income Taxes5.3%5.8%4.6%
 Income per Cap.$42,632$38,132$37,638
 Household Income$72,996$54,795$69,021
 Family Median Income$95,393$72,604$85,028
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 Est. Households By Income
 Raleigh, NCRichmond, VAUnited States
 Income Less Than 15K7.4%14.1%9.4%
 Income between 15K and 20K2.8%5.4%3.8%
 Income between 20K and 30K7.4%9.1%8.1%
 Income between 30K and 40K9.2%9.6%8.0%
 Income between 40K and 50K7.8%8.6%7.6%
 Income between 50K and 60K6.7%8.1%7.2%
 Income between 60K and 75K10.0%9.3%9.6%
 Income between 75K and 100K12.9%11.3%12.8%
 Income between 100K and 150K17.0%11.7%16.3%
 Income between 150K and 200K8.6%5.2%7.8%
 Income greater than 200K10.2%7.5%9.5%
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 Population By Occupation
 Raleigh, NCRichmond, VAUnited States
 Management, business, finance21.6%16.7%16.4%
 Engineering, computers, science10.4%7.1%6.5%
 Community, social services1.7%2.7%1.8%
 Legal1.8%1.9%1.2%
 Education, library6.2%6.9%6.2%
 Arts, design, media, sports, entertainment2.7%3.2%2.0%
 Healthcare practitioners and technology5.8%6.1%6.2%
 Healthcare support2.3%3.2%3.3%
 Firefighters, law enforcement1.4%2.7%2.1%
 Food preparation, serving5.1%6.9%5.4%
 Building maintenance2.8%4.0%3.6%
 Personal care2.4%3.1%2.6%
 Sales, office, administrative support21.7%19.1%20.9%
 Farming, fishing, forestry0.1%0.2%0.6%
 Construction, extraction, maintenance/repair5.7%6.0%8.1%
 Production, transportation, material moving8.2%10.2%13.1%

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Reviews for Raleigh    224 Reviews

I moved to Raleigh in 2018. Before that, I lived in Orange County CA, Boulder CO, South Africa, Northern California, Arizona, and Toronto. I say all this to give  More

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Excellent for a great many people or categories of people. As far as prices: ratio of wage and job opportunity here with housing remains one of the better ones in the  More

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Over 1 years ago

I attended university here in the early 90s and came back around 2005 and never left. I'm surprised at the other negative reviews honestly. Yes, housing is pricey in  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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Compare Raleigh, North Carolina Cost of Living vs Richmond, Virginia Cost of Living: Taxes, Childcare, Groceries, Health...
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ZIPS IN RALEIGH, NORTH CAROLINA
27610, 27603, 27616, 27604, 27606, 27613, 27615, 27612, 27614, 27609, 15 total
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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