Zip 23231 (Richmond, VA) Economy


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23231 Richmond, VA is a great place to live with plenty of local companies and amenities. The two bedroom rent in this area is $1,290, which is lower than the national average of $1,430 for two bedrooms. Additionally, the grocery cost index in this area is 97 versus the US's 100. This makes 23231 Richmond a pocket-friendly place to stay. Local companies include Capital One, CarMax, and Dominion Energy. Amenities include The Diamond Baseball Field, Maymont Park & Gardens, Lewis Ginter Botanical Garden, and Virginia Museum of Fine Arts. All of these features make 23231 Richmond an attractive place to live!

Richmond (zip 23231) has an unemployment rate of 5.2%. The US average is 6.0%.

Richmond (zip 23231) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.

Tax Rates for Richmond (zip 23231)
- The Sales Tax Rate for Richmond (zip 23231) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 23231) 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 23231)
- The average income of a Richmond (zip 23231) resident is $34,040 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 23231) resident is $61,983 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichmond, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Richmond
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Over 15 years ago

Varina VA is located about 10 miles outside of Richmond. It is country enough that you don't have to live in the hustle and bustle of city life, but close enough to get  More

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