Richmond city: Economy & Jobs
Earnings in Richmond city center on a median $64,587 (about the same as Richmond city median $64,587; 1.4× below Virginia median $93,170), with homes at a median value of $353,000. The surrounding county supports 165,947 jobs (avg $83,392).
Income & Affordability
Median household income $64,587 — below the Virginia median ($92,968). Poverty rate 19.5% (U.S. average ~12.5%).
| Irs Income · IRS tax returns filed | $109,160 |
|---|---|
| Irs Income · Total Adjusted Gross Income (thousands) | $10,273,242 |
| Irs Income · Average AGI per return | $94,112 (vs Virginia $92,983) |
| Irs Income · Year | 2022 |
| Median Household Income | $64,587 (vs Virginia $92,968) |
| Poverty Rate | 19.5% |
Sources: IRS SOI 2022 — county FIPS · Census ACS 5-Year 2024 — county-level query · Refreshed 2026-04-29
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 6.0% — above the U.S. average of ~4%.
| Employment · Avg annual employment (county) | 165,947 |
|---|---|
| Employment · Total annual wages (county) | $13,838,704,677 |
| Employment · Average annual pay | $83,392 |
| Employment · Year | 2024 |
| Employment · Avg annual employment (county) | 165,947 |
| Employment · Total annual wages (county) | $13,838,704,677 |
| Employment · Average annual pay | $83,392 |
| Employment · Year | 2024 |
| State Occupation Wages · Year | 2023 |
| State Occupation Wages · All Occupations · Soc Code | 00-0000 |
| State Occupation Wages · All Occupations · Title | All Occupations |
| State Occupation Wages · All Occupations · Employment | 3,981,130 |
| Unemployment Rate | 6.0% (vs Virginia 2.9%) |
Sources: BLS QCEW (Quarterly Census of Employment and Wages) · BLS QCEW 2024 · BLS Occupational Employment and Wage Statistics (OES) · Refreshed 2026-05-03
Industry Sectors
Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.
| Business Patterns · Establishments (employer count) | 6,441 |
|---|---|
| Business Patterns · Total Employees | 128,485 |
| Business Patterns · Annual Payroll Thousands | 9,342,474 |
| Business Patterns · Year | 2022 |
Sources: Census CBP API — county FIPS match
Local Business Mix
Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.
| Local Businesses · Grocery Stores | 55 |
|---|---|
| Local Businesses · Convenience Stores | 101 |
| Local Businesses · Liquor Stores | 20 |
| Local Businesses · Gas Stations | 53 |
| Local Businesses · General Merchandise | 26 |
| Local Businesses · Clothing Stores | 7 |
| Local Businesses · Pet Stores | 7 |
| Local Businesses · Bookstores | 12 |
Sources: Census CBP — NAICS detail codes
Dining Scene
Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.
| Dining Scene · Full Service Restaurants | 322 |
|---|---|
| Dining Scene · Fast Food | 207 |
| Dining Scene · Bars | 21 |
| Dining Scene · Coffee Snacks | 50 |
Sources: Census CBP NAICS 722
SNAP & Food Access
USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.
| Total Snap Stores | 353 |
|---|
Spending & Tax
Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).
| Federal Spending · Federal Spending Fy2024 | $4,223,123,718 |
|---|---|
| Federal Spending · Per Capita | 18,636.09 (vs Virginia $14,580) |
| Federal Spending · Population | 226,610 people (vs Virginia 42,214) |
Sources: USAspending API