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2024 Compare Cities Economy:
Richmond, VA vs Fredericksburg, VA

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Highlights
- Household income in Fredericksburg, is 32% more than it is in Richmond and is 5% above the National Average.
- Richmond unemployment rate is 7.1%.
- Fredericksburg unemployment rate is 6.1%.

Economy
 Richmond, VAFredericksburg, VAUnited States
 Unemployment Rate7.1%6.1%6.0%
 Recent Job Growth1.8%1.9%1.6%
 Future Job Growth37.1%37.8%33.5%
 Sales Taxes5.3%5.3%6.2%
 Income Taxes5.8%5.8%4.6%
 Income per Cap.$38,132$40,619$37,638
 Household Income$54,795$72,293$69,021
 Family Median Income$72,604$100,139$85,028
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 Est. Households By Income
 Richmond, VAFredericksburg, VAUnited States
 Income Less Than 15K14.1%9.6%9.4%
 Income between 15K and 20K5.4%3.1%3.8%
 Income between 20K and 30K9.1%6.3%8.1%
 Income between 30K and 40K9.6%7.2%8.0%
 Income between 40K and 50K8.6%5.2%7.6%
 Income between 50K and 60K8.1%8.1%7.2%
 Income between 60K and 75K9.3%12.0%9.6%
 Income between 75K and 100K11.3%14.3%12.8%
 Income between 100K and 150K11.7%13.3%16.3%
 Income between 150K and 200K5.2%11.1%7.8%
 Income greater than 200K7.5%10.0%9.5%
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 Population By Occupation
 Richmond, VAFredericksburg, VAUnited States
 Management, business, finance16.7%22.5%16.4%
 Engineering, computers, science7.1%10.0%6.5%
 Community, social services2.7%1.9%1.8%
 Legal1.9%1.4%1.2%
 Education, library6.9%7.6%6.2%
 Arts, design, media, sports, entertainment3.2%1.5%2.0%
 Healthcare practitioners and technology6.1%5.1%6.2%
 Healthcare support3.2%3.1%3.3%
 Firefighters, law enforcement2.7%1.5%2.1%
 Food preparation, serving6.9%5.5%5.4%
 Building maintenance4.0%3.7%3.6%
 Personal care3.1%2.7%2.6%
 Sales, office, administrative support19.1%18.3%20.9%
 Farming, fishing, forestry0.2%0.1%0.6%
 Construction, extraction, maintenance/repair6.0%6.1%8.1%
 Production, transportation, material moving10.2%9.1%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 Fredericksburg    17 Reviews

Fredericksburg has an undeniably small town charm and an all around appeal that is hard to beat, in the context of its proximity to the larger DC Metro area. The  More

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I have lived in Fredericksburg for over 10 years and love it. The housing prices are affordable and this historic city has so much to offer. Ideal location also situated  More

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Disclaimer right off the top; yes I know there are good people everywhere and some are here as well but Fredericksburg is far from an ideal place to live and here is  More

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ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN FREDERICKSBURG, VIRGINIA
22401

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