Petersburg, VA Economy


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Petersburg, VA is a great place to live with many local attractions and companies. The rent for a 2 bedroom apartment is lower than the national average at $1,150, making it an affordable living option. Furthermore, the grocery cost index in Petersburg is 95, which is less expensive compared to 100 in the US. There are plenty of things to do and places to visit in Petersburg such as historic sites like Centre Hill Mansion and Union Station Museum. Popular local businesses include Reliance Hand Crafted Homes, Gaston Plumbing & Gas Co., and Advanced Pest Solutions LLC. Whatever it is that you’re looking for, you can find it here in Petersburg!

Petersburg has an unemployment rate of 12.9%. The US average is 6.0%.

Petersburg has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.

Tax Rates for Petersburg
- The Sales Tax Rate for Petersburg is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Petersburg is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Petersburg
- The average income of a Petersburg resident is $18,535 a year. The US average is $28,555 a year.
- The Median household income of a Petersburg resident is $44,890 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPetersburg, VirginiaUnited States
  12.96
  -5.7%-6.2%
  26.9%33.5%
  5.3%6.2%
  5.8%4.6%
  $26,091$37,638
  $44,890$69,021
  $54,356$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  4.9%6.8%
  11.6%10.0%
  1.4%2.5%
  10.7%11.0%
  7.8%4.8%
  0.2%0.8%
  1.0%1.9%
  4.2%4.7%
  1.2%1.9%
  5.3%7.6%
  0.0%0.1%
  4.1%4.2%
  7.1%9.3%
  18.7%14.0%
  1.4%2.1%
  8.9%7.0%
  3.4%4.8%
  7.5%4.7%
Reviews for Petersburg
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Petersburg's crime statistics do not accurately reflect the true picture of our city. Unfortunately, cime is crime, but the lack of the most serious random acts of crime  More

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Though there are people who rent in petersburg who work in nearby richmond, the rental market is not yet prohibitive in richmond. The real value is for those who want  More

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Over 18 years ago

Climate is hot and humid in summer but spring and fall are generally quite nice. Winters are not bad either, it snows occasionally but there is still a lot of sunshine  More

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