Economy in Richmond, Virginia

Richmond has an unemployment rate of 7.1%. The US average is 6.0%.

Richmond 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 37.1%, which is higher than the US average of 33.5%.

Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond 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 Richmond
- The average income of a Richmond resident is $27,860 a year. The US average is $28,555 a year.
- The Median household income of a Richmond resident is $41,331 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

ECONOMY	Richmond, Virginia	United States
	7.1%	6.0%
	-5.6%	-6.2%
	37.1%	33.5%
	5.3%	6.2%
	5.8%	4.6%
	$30,113	$31,177
	$42,356	$57,652
	$54,394	$70,850
POPULATION BY OCCUPATION
	0.2%	1.3%
	0.1%	0.6%
	4.9%	6.2%
	5.3%	10.4%
	1.7%	2.7%
	10.4%	11.6%
	3.6%	4.1%
	0.6%	0.9%
	1.8%	2.1%
	6.3%	4.7%
	1.8%	1.9%
	7.6%	6.7%
	0.1%	0.1%
	5.7%	4.3%
	11.3%	9.3%
	15.6%	13.8%
	2.5%	2.2%
	9.6%	7.4%
	5.5%	4.9%
	5.4%	4.8%

ECONOMY MAP

Unemployment Rate (US Avg: 6%)

Median HH Income (US Avg: $53k)

Recent Job Growth (US Avg: 1.59%)

Income Less Than $15k (US Avg: 12.55%)

Income Greater Than $200k (US Avg: 5.03%)

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Reviews for Richmond 108 Reviews

RVA is the place to be - 10/25/2021
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... Read More

Juli | Richmond, VA | Reply | 1 Reply

Start Your Review of Richmond

It's cool for what it is - 8/3/2021
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... Read More

9 to 5 | Richmond, VA | Reply | No Replies

Fun while young but ba while trying to start a fam - 7/4/2021
I've lived in Richmond for almost 5 years and have lots to say about the overall experience. My girlfriend and I have been together for most of it and we are in an... Read More

Johnathan | Richmond, VA | Reply | 4 Replies

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MAPS OF RICHMOND, VIRGINIA

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ZIP CODES IN RICHMOND, VIRGINIA

23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, ... 11 more

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