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Economy in Virginia

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Economy
EconomyVirginia, VAUnited States
Unemployment Rate6.30%9.10%
Recent Job Growth0.08%-0.12%
Future Job Growth33.86%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.75%6.25%
Income per Cap.$32,619$27,067
Household Income$62,777$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K9.35%12.10%
Income between 15K and 25K8.12%10.18%
Income between 25K and 35K8.94%10.56%
Income between 35K and 50K13.53%14.98%
Income between 50K and 75K19.30%19.53%
Income between 75K and 100K13.99%12.52%
Income between 100K and 150K14.85%12.14%
Income between 150K and 250K6.15%3.91%
Income between 250K and 500K4.83%3.34%
Income greater than 500K0.95%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations16.83%13.81%
Professional and Related Occupations25.08%22.68%
Service13.61%14.51%
Sales and Office23.77%25.22%
Farming, Fishing, and Forestry0.48%0.68%
Construction, Extraction, and Maintenance9.39%9.37%
Production, Transportation, and Material Moving13.67%15.86%
Median Household Income

The unemployment rate in Virginia, VA, is 6.30%, with job growth of 0.08%. Future job growth over the next ten years is predicted to be 33.86%.

Virginia, VA Taxes

Virginia, VA,sales tax rate is 5.00%. Income tax is 5.75%.

Virginia, VA Income and Salaries

The income per capita is $32,619, which includes all adults and children. The median household income is $62,777.


Virginia Economy SperlingViews

Land and Housing: As expected, unsettled downward trend has resulted in high list to sales climate. Sellers are resisting unrealistic downwars offers. Large acreage values appear to have... (read more)EconVir: EconVir... (read more)not so bad: the economy is real low unemployment is high the new way the property taxes are done is going to make it hard on the unemployed. but other than that the city is... (read more)Have an opinion about Virginia? Leave a commentTo See All SperlingViews for Virginia Click Here