Virginia 

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Economy in Virginia

Virginia has an unemployment rate of 4.0%. The US average is 5.2%.

Virginia has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 36.8%, which is lower than the US average of 38.0%.

Tax Rates for Virginia
- The Sales Tax Rate for Virginia is 5.3%. The US average is 6.0%.
- The Income Tax Rate for Virginia is 5.8%. The US average is 4.6%.

Income and Salaries for Virginia
- The average income of a Virginia resident is $33,958 a year. The US average is $28,555 a year.
- The Median household income of a Virginia resident is $64,792 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYVirginia, VirginiaUnited States
  Unemployment Rate4.0%5.2%
  Recent Job Growth0.4%1.6%
  Future Job Growth36.8%38.0%
  Sales Taxes5.3%6.0%
  Income Taxes0.05750.046
  Income per Cap.$33,958$28,555
  Household Income$64,792$53,482
  Family Median Income$77,939$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.7%1.3%
  Mining, quarrying, oil and gas extraction0.3%0.6%
  Construction6.4%6.2%
  Manufacturing7.3%10.4%
  Wholesale trade1.9%2.7%
  Retail trade10.8%11.6%
  Transportation and warehousing3.5%4.1%
  Utilities00
  Information2.1%2.1%
  Finance and insurance4.3%4.7%
  Real estate, rental, leasing2.0%1.9%
  Professional, scientific, technical services10.6%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs4.1%4.3%
  Educational services9.7%9.3%
  Health care and social assistance12.2%13.8%
  Arts, entertainment, recreation1.8%2.2%
  Accommodation, food services7.1%7.4%
  Other services5.3%4.9%
  Public administration9.2%4.8%
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    Reviews for Virginia    73 Reviews
    NO JOBS - 12/31/2017
    Virginia is a lovely place to live and raise a family. But, there are no jobs here and it is a very unfriendly state. Housing cost is on the rise and incomes are on a... Read More

    Start Your Review of Virginia


    Beautiful state is being ruined - 12/24/2017
    Overpriced housing. Too much development. Not that many good jobs in Northern Virginia. Terrible traffic. Huge ugly data centers being built on every vacant plot of... Read More

    Lynchburg - 1/31/2016
    It is a great small town. I am not a big fan of Virginia's state government... Read More


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