2025 Compare Cities Economy:
Richmond, VA vs Madison, WI

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Highlights
- Household income in Madison, is 29% more than it is in Richmond and is 2% above the National Average.
- Richmond unemployment rate is 7.1%.
- Madison unemployment rate is 3.3%.
 Richmond, VAMadison, WIUnited States
 Unemployment Rate  Unlock3.3%6.0%
 Recent Job Growth  Unlock1.0%1.6%
 Future Job Growth37.1%  Unlock33.5%
 Sales Taxes5.3%  Unlock6.2%
 Income Taxes  Unlock6.3%4.6%
 Income per Cap.$38,132  Unlock$37,638
 Household Income  Unlock$70,466$69,021
 Family Median Income$72,604  Unlock$85,028
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 Est. Households By Income
 Richmond, VAMadison, WIUnited States
 Income Less Than 15K  Unlock10.1%9.4%
 Income between 15K and 20K5.4%  Unlock3.8%
 Income between 20K and 30K  Unlock7.5%8.1%
 Income between 30K and 40K9.6%  Unlock8.0%
 Income between 40K and 50K  Unlock7.2%7.6%
 Income between 50K and 60K8.1%  Unlock7.2%
 Income between 60K and 75K  Unlock10.4%9.6%
 Income between 75K and 100K11.3%  Unlock12.8%
 Income between 100K and 150K  Unlock16.9%16.3%
 Income between 150K and 200K5.2%  Unlock7.8%
 Income greater than 200K  Unlock8.0%9.5%
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 Population By Occupation
 Richmond, VAMadison, WIUnited States
 Management, business, finance16.7%  Unlock16.4%
 Engineering, computers, science  Unlock15.5%6.5%
 Community, social services2.7%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library6.9%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.6%2.0%
 Healthcare practitioners and technology6.1%  Unlock6.2%
 Healthcare support  Unlock3.1%3.3%
 Firefighters, law enforcement2.7%  Unlock2.1%
 Food preparation, serving  Unlock6.4%5.4%
 Building maintenance4.0%  Unlock3.6%
 Personal care  Unlock2.1%2.6%
 Sales, office, administrative support19.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair6.0%  Unlock8.1%
 Production, transportation, material moving  Unlock8.1%13.1%
Reviews for Richmond    109 Reviews

Over 3 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 4 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 4 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 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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