Places/Virginia/Albemarle County, Virginia
County profile

Albemarle County, Virginia

United States · US territory
EA Place Score
methodology in progress
GDP
no BEA GDP
GDP growth (YoY)
1 yr only
Jobs tracked
42,901
Census CBP · 2023
Employers
2,963
Census CBP · 2023
Avg. wage
$70.2k
BLS QCEW · 2023
Population
118,356
Census PEP · 2025
Labor, income & education
Unemployment
3.7%
Median HH income
$104.4k±$3.2k
Bachelor's degree+
61.1%±1.9%
Poverty rate
7.7%±0.9%
Business applications
1,456 · 2025
Retail establishments
321
27.4/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care29%
Retail trade24%
Food & accommodation15%
Professional services15%
Manufacturing9%
Finance & insurance8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
118,356
residents · 2025 · +5.1% since 2020
COMPONENTS OF CHANGE · 20212025
Domestic migration+3,088
International migration+2,797
Natural change44

Real estate & risk

FHFA · ACS · FEMA
Median home value
$495.4k±$13.4k
Median gross rent
$1.7k/mo±$33/mo
Vacancy rate
6.6%±1.0%
Affordability
7.1× wages
Residential permits
$232.9M
729 units · 6.2/1k pop
FEMA risk score
78.1
HUD Fair Market Rent (2BR):$1.8k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 90Earthquake 86Landslide 84
FHFA HOUSE PRICE INDEX · 20162025
526
2016
540
2017
571
2018
593
2019
606
2020
656
2021
761
2022
810
2023
856
2024
904
2025
RESIDENTIAL PERMITS · 20212025
-15% since 2021
862
2021
927
2022
820
2023
810
2024
729
2025

Transport access

BTS · FAA · USACE
Nearest interstate
0.3 km
I-64
Nearest freight rail
1.4 km
NS
Nearest port
115.3 km
IMTT, RICHMOND TERMINAL WHARF
Nearest commercial airport
15.7 km
CHARLOTTESVILLE-ALBEMARLE
Wage trend
BLS QCEW · 20192023
$70.2k
avg. annual pay · +27% since 2019
The read

What is Albemarle County’s economy like?

Albemarle County is home to 118,356 residents and 42,901 jobs across 2,963 employers, led by health care. BEA does not publish state-level GDP for US territories, so no GDP figure is shown.

GDP: BEA (2025), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.