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2024 Compare Cities Economy:
Madison, WI vs Richmond, VA

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Highlights
- Household income in Richmond, is 22% less than it is in Madison and is 26% below the National Average.
- Madison unemployment rate is 3.3%.
- Richmond unemployment rate is 7.1%.

Economy
 Madison, WIRichmond, VAUnited States
 Unemployment Rate3.3%7.1%6.0%
 Recent Job Growth1.0%1.8%1.6%
 Future Job Growth37.9%37.1%33.5%
 Sales Taxes5.5%5.3%6.2%
 Income Taxes6.3%5.8%4.6%
 Income per Cap.$42,693$38,132$37,638
 Household Income$70,466$54,795$69,021
 Family Median Income$101,190$72,604$85,028
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 Est. Households By Income
 Madison, WIRichmond, VAUnited States
 Income Less Than 15K10.1%14.1%9.4%
 Income between 15K and 20K3.0%5.4%3.8%
 Income between 20K and 30K7.5%9.1%8.1%
 Income between 30K and 40K7.6%9.6%8.0%
 Income between 40K and 50K7.2%8.6%7.6%
 Income between 50K and 60K7.1%8.1%7.2%
 Income between 60K and 75K10.4%9.3%9.6%
 Income between 75K and 100K14.1%11.3%12.8%
 Income between 100K and 150K16.9%11.7%16.3%
 Income between 150K and 200K8.0%5.2%7.8%
 Income greater than 200K8.0%7.5%9.5%
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 Population By Occupation
 Madison, WIRichmond, VAUnited States
 Management, business, finance17.0%16.7%16.4%
 Engineering, computers, science15.5%7.1%6.5%
 Community, social services2.2%2.7%1.8%
 Legal1.4%1.9%1.2%
 Education, library9.9%6.9%6.2%
 Arts, design, media, sports, entertainment2.6%3.2%2.0%
 Healthcare practitioners and technology7.4%6.1%6.2%
 Healthcare support3.1%3.2%3.3%
 Firefighters, law enforcement1.1%2.7%2.1%
 Food preparation, serving6.4%6.9%5.4%
 Building maintenance2.4%4.0%3.6%
 Personal care2.1%3.1%2.6%
 Sales, office, administrative support16.8%19.1%20.9%
 Farming, fishing, forestry0.1%0.2%0.6%
 Construction, extraction, maintenance/repair3.9%6.0%8.1%
 Production, transportation, material moving8.1%10.2%13.1%

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Reviews for Madison    78 Reviews

Unfortunately, a number of these reviews are politically based. Madison remains the only shining star in Wisconsin’s economy. The economy is broadly based, with  More

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Have been living in Madison for almost 3 years. It’s very safe, ppl generally friendly and for a town of its size it has fair number of good restaurants and interesting  More

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Lacks balance and zero accountability.   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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ZIPS IN MADISON, WISCONSIN
53711, 53704, 53719, 53703, 53705, 53713, 53716, 53714, 53715, 53718, 13 total
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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