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

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Highlights
- Household income in Raleigh, is 33% more than it is in Richmond and is 5% above the National Average.
- Richmond unemployment rate is 7.1%.
- Raleigh unemployment rate is 4.3%.

Economy
 Richmond, VARaleigh, NCUnited States
 Unemployment Rate7.1%4.3%6.0%
 Recent Job Growth1.8%3.0%1.6%
 Future Job Growth37.1%44.2%33.5%
 Sales Taxes5.3%7.3%6.2%
 Income Taxes5.8%5.3%4.6%
 Income per Cap.$38,132$42,632$37,638
 Household Income$54,795$72,996$69,021
 Family Median Income$72,604$95,393$85,028
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 Est. Households By Income
 Richmond, VARaleigh, NCUnited States
 Income Less Than 15K14.1%7.4%9.4%
 Income between 15K and 20K5.4%2.8%3.8%
 Income between 20K and 30K9.1%7.4%8.1%
 Income between 30K and 40K9.6%9.2%8.0%
 Income between 40K and 50K8.6%7.8%7.6%
 Income between 50K and 60K8.1%6.7%7.2%
 Income between 60K and 75K9.3%10.0%9.6%
 Income between 75K and 100K11.3%12.9%12.8%
 Income between 100K and 150K11.7%17.0%16.3%
 Income between 150K and 200K5.2%8.6%7.8%
 Income greater than 200K7.5%10.2%9.5%
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 Population By Occupation
 Richmond, VARaleigh, NCUnited States
 Management, business, finance16.7%21.6%16.4%
 Engineering, computers, science7.1%10.4%6.5%
 Community, social services2.7%1.7%1.8%
 Legal1.9%1.8%1.2%
 Education, library6.9%6.2%6.2%
 Arts, design, media, sports, entertainment3.2%2.7%2.0%
 Healthcare practitioners and technology6.1%5.8%6.2%
 Healthcare support3.2%2.3%3.3%
 Firefighters, law enforcement2.7%1.4%2.1%
 Food preparation, serving6.9%5.1%5.4%
 Building maintenance4.0%2.8%3.6%
 Personal care3.1%2.4%2.6%
 Sales, office, administrative support19.1%21.7%20.9%
 Farming, fishing, forestry0.2%0.1%0.6%
 Construction, extraction, maintenance/repair6.0%5.7%8.1%
 Production, transportation, material moving10.2%8.2%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 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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Compare Richmond, Virginia Cost of Living vs Raleigh, North Carolina Cost of Living: Taxes, Childcare, Groceries, Health...
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ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN RALEIGH, NORTH CAROLINA
27610, 27603, 27616, 27604, 27606, 27613, 27615, 27612, 27614, 27609, 15 total

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