Table
| Population | ||
|---|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2017-2021 | 21.7 | 28.2 |
| Income & Poverty | ||
| Median household income (in 2021 dollars), 2017-2021 | $54,795 | $80,615 |
| Per capita income in past 12 months (in 2021 dollars), 2017-2021 | $38,132 | $43,267 |
What is a livable salary in Virginia?
Living Wage Calculation for Richmond city, Virginia
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $18.93 | $38.31 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $11.00 | $11.00 |
What is considered wealthy in Virginia?
In Virginia, you’ll need to earn $584,000 or more to be considered ‘rich’. Technically, Washington, D.C., which isn’t a state, has the highest AGI to be considered one of the highest earners at $918,000. Don’t land among the top 1% of earners in your state? You may still be considered ‘rich’ in your community.
Is Richmond Va an expensive place to live?
The Richmond, VA cost of living index is 94.9.
That means it’s 5.1% more affordable than the U.S. average. Groceries and transportation expenses are about 10% below the U.S. average, but the Richmond housing index is only 84.2. By comparison, the cost of living in Virginia is about 4% higher than the national average.
What area in Virginia has the highest income?
List of Virginia locations by per capita income
| Rank | County or City | Median household income |
|---|---|---|
| 1 | Arlington | $94,880 |
| 2 | Falls Church | $114,409 |
| 3 | Alexandria | $80,847 |
| 4 | Fairfax | $105,416 |
What is a good salary in Richmond VA?
Most salaries in Richmond range between $51,137 (25th percentile) to $84,560 (75th percentile) annually. Of course, salaries will vary depending on your occupation, experience, and many other factors.
What is middle class income in Virginia?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $76,398 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $41,255 |
| Persons in poverty, percent | 10.2% |
What is the poorest city in Virginia?
Danville was ranked the poorest city in Virginia in a 24/7 Wall St.
The Center Square.
| Poorest City | University |
|---|---|
| Median Household Income | $28,495 |
| Poverty Rate | 35.4% |
| Median Home Value | $106,400 |
| Population | 48,436 |
Where do millionaires live in Virginia?
Vienna is being credited as the richest town in the state of Virginia. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Vienna as having a median household income of $161,196 (134.6% more than the U.S. median income).
What percentage of Americans have a net worth of over $1000000?
8.8 % of U.S. adults are millionaires. 33% of U.S. millionaires are women. Having $1 million puts you in the top 10% of wealth in the U.S. There are about 62.5 million millionaires globally, a 11.4% increase from 2020.
What is the nicest area of Richmond VA?
Best Suburbs of Richmond, Virginia
- Wakefield. Population: 11,275.
- Innsbrook. Population: 7,753.
- Bon Air. Population: 16,366.
- Brandermill. Population: 13,173.
- Woodlake. Population: 7,319.
- Tuckahoe. Population: 44,990.
- Mechanicsville. Population: 36,348.
- Glen Allen. Population: 14,774. Median Home Value: $235,100.
What is the nicest neighborhood in Richmond VA?
The Best Neighborhoods in Richmond, VA (A 2022 Guide)
- Scott’s Addition.
- Lakeside.
- Manchester.
- Short Pump.
- Chimborazo.
What’s the best part of Richmond to live in?
If you’re thinking about living in Richmond, check out these five best neighborhoods for safety and affordability!
- Bellevue.
- Byrd Park.
- Museum District.
- Three Chopt.
- Westover Hills.
What is the nicest town to live in Virginia?
Best Places to Live in Virginia
- Alexandria.
- Charlottesville.
- Bon Air.
- Centreville.
- Stone Ridge.
- Chesapeake.
- Abingdon. Let’s head to the other side of the state.
- Blacksburg. Blacksburg is a small mountain town with higher housing prices and lower yearly salaries than Abingdon.
What part of Virginia is cheapest to live in?
Covington is one of the cheapest places to live in the country, much less Virginia. The median home cost in the United States is $291,700, which drops to $81,900 for a house in Covington. Rental prices are also lower here and you can find a one-bedroom space to rent for around $650.
What is the safest city to live in Virginia?
Here we go!
- Purcellville. Purcellville is the safest city in Virginia.
- Lexington. Next up is Lexington—a safe city with one of the lowest costs of living in Virginia.
- Blacksburg.
- Poquoson.
- Manassas Park.
- Leesburg.
- Vienna.
- Radford.
How much take home pay is 100k in Virginia?
If you make $100,000 a year living in the region of Virginia, USA, you will be taxed $27,652. That means that your net pay will be $72,348 per year, or $6,029 per month. Your average tax rate is 27.7% and your marginal tax rate is 37.0%.
What are the highest paying jobs in Virginia?
Detailed List Of Highest Paying Jobs In Virginia
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $225,116 |
| 2 | Vice President, Products & Marketing | $202,108 |
| 3 | Executive Vice President Of Sales | $192,861 |
| 4 | Senior Vice President, Sales | $191,012 |
Is Richmond VA low cost of living?
The cost of living in Richmond, VA is 6% lower than the state average and 4% lower than the national average. Richmond, VA housing is 10% cheaper than the U.S average, while utilities are about 3% pricier.
Is $70000 a year considered middle class?
With the median U.S. income being about $80,000 a year, a household of four earning between roughly $52,000 and $175,000 a year is considered middle class.
Are you considered middle class if you make $50000 a year?
But that range does vary by the size of the household. A three-person household must have earned $51,962 to $155,902 to be considered middle-class while a family of four must earn about $60,000 to $180,000.