Zip 23221 (Richmond, VA) Economy


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23221 Richmond, VA is a great place to live. Not only is the two bedroom rent significantly less than the US average—at just $1,500—but the grocery cost index of 104 also makes it an attractive option for those looking for savings. There are plenty of local companies, schools and parks that can be found in this area. For those looking to start or grow their business, S&S Products Inc., Vaco Technology LLC., and Big T Transport Services are great options. School-wise, the Richmond Public Schools serve 23221 Richmond with Carver Elementary School and Henderson Middle School being particularly popular choices. For outdoor recreation, 23221 Richmond has several beautiful parks like Pony Pasture Rapids Park and Forest Hill Park where locals often enjoy leisurely activities such as biking or picnicking.

Richmond (zip 23221) has an unemployment rate of 7.1%. The US average is 6.0%.

Richmond (zip 23221) 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 (zip 23221)
- The Sales Tax Rate for Richmond (zip 23221) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 23221) 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 (zip 23221)
- The average income of a Richmond (zip 23221) resident is $46,637 a year. The US average is $28,555 a year.
- The Median household income of a Richmond (zip 23221) resident is $87,218 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichmond, VirginiaUnited States
  7.16
  -5.6%-6.2%
  37.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $73,248$37,638
  $87,218$69,021
  $151,528$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.6%6.8%
  4.6%10.0%
  4.3%2.5%
  7.6%11.0%
  2.0%4.8%
  0.7%0.8%
  1.3%1.9%
  12.2%4.7%
  2.1%1.9%
  14.5%7.6%
  0.3%0.1%
  2.5%4.2%
  9.8%9.3%
  14.3%14.0%
  3.8%2.1%
  6.6%7.0%
  4.6%4.8%
  5.2%4.7%
Health