Home / Select Cities  /  2024 Comparing Richmond, VA vs. Albany, NY

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

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Highlights
- Household income in Albany, is 4% less than it is in Richmond and is 31% below the National Average.
- Richmond unemployment rate is 7.1%.
- Albany unemployment rate is 7.1%.

Economy
 Richmond, VAAlbany, NYUnited States
 Unemployment Rate7.1%7.1%6.0%
 Recent Job Growth1.8%0.5%1.6%
 Future Job Growth37.1%24.8%33.5%
 Sales Taxes5.3%8.0%6.2%
 Income Taxes5.8%6.2%4.6%
 Income per Cap.$38,132$31,969$37,638
 Household Income$54,795$52,583$69,021
 Family Median Income$72,604$72,988$85,028
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 Est. Households By Income
 Richmond, VAAlbany, NYUnited States
 Income Less Than 15K14.1%16.0%9.4%
 Income between 15K and 20K5.4%5.2%3.8%
 Income between 20K and 30K9.1%9.1%8.1%
 Income between 30K and 40K9.6%8.2%8.0%
 Income between 40K and 50K8.6%9.6%7.6%
 Income between 50K and 60K8.1%7.4%7.2%
 Income between 60K and 75K9.3%9.1%9.6%
 Income between 75K and 100K11.3%11.4%12.8%
 Income between 100K and 150K11.7%13.9%16.3%
 Income between 150K and 200K5.2%5.1%7.8%
 Income greater than 200K7.5%5.1%9.5%
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 Population By Occupation
 Richmond, VAAlbany, NYUnited States
 Management, business, finance16.7%15.1%16.4%
 Engineering, computers, science7.1%7.6%6.5%
 Community, social services2.7%3.6%1.8%
 Legal1.9%1.7%1.2%
 Education, library6.9%7.4%6.2%
 Arts, design, media, sports, entertainment3.2%2.4%2.0%
 Healthcare practitioners and technology6.1%7.3%6.2%
 Healthcare support3.2%5.6%3.3%
 Firefighters, law enforcement2.7%2.4%2.1%
 Food preparation, serving6.9%5.7%5.4%
 Building maintenance4.0%3.9%3.6%
 Personal care3.1%3.6%2.6%
 Sales, office, administrative support19.1%23.7%20.9%
 Farming, fishing, forestry0.2%0.0%0.6%
 Construction, extraction, maintenance/repair6.0%2.8%8.1%
 Production, transportation, material moving10.2%7.2%13.1%

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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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Reviews for Albany    56 Reviews

Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN ALBANY, NEW YORK
12203 12208 12206 12209 12210 12202 12222 12207

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