Richmond City, VA County is a vibrant city with many businesses and amenities. It is part of the greater Richmond metropolitan area and is an ideal place for growing families. The cost of living in Richmond City, VA County is quite affordable; the 2 bedroom rental rate is $1,340, which is lower than the US median of $1,430. Additionally, the grocery cost index here is 98 compared to 100 in the US. There are many local companies that make this city great such as Dominion Energy, Apple Hospitality REIT Inc., CarMax Inc., Altria Group Inc., Owens & Minor Inc., and Genworth Financial Inc. All these major employers help to make Richmond City a great place to live!
Richmond City County has an unemployment rate of 7.1%. The US average is 6.0%.
Richmond City County 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 City County
- The Sales Tax Rate for Richmond City County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond City County 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 City County
- The average income of a Richmond City County resident is $27,860 a year. The US average is $28,555 a year.
- The Median household income of a Richmond City County resident is $54,795 a year. The US average is $69,021 a year.