County profile
Richmond (Independent City) city, VA
United States · GDP 2024
#169 of 3,127 US counties by GDP74th-percentile growthmore diversified than 98% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$35.1B
BEA · 2024
GDP growth (YoY)
+6.6%
BEA · 2024
Jobs tracked
129,898
Census CBP · 2023
Employers
6,530
Census CBP · 2023
Avg. wage
$79.8k
BLS QCEW · 2023
Population
237,257
Census PEP · 2025
Labor, income & education
Unemployment
4.2%
Median HH income
$64.6k±$1.9k
Bachelor's degree+
45.6%±1.1%
Poverty rate
18.2%±1.2%
Business applications
4,748 · 2025
Retail establishments
778
33.1/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Performance Food Group CoConsumer Defensive$63.3B64C2CarMax, Inc.Consumer Cyclical$25.9B66B3Altria Group, Inc.Consumer Defensive$23.3B82B+4Dominion Energy, Inc.Utilities$16.5B74B5Arko Corp.Consumer Cyclical$7.6B46D6The Brink's CompanyIndustrials$5.3B70B7Universal CorporationConsumer Defensive$2.9B61C8NewMarket CorporationBasic Materials$2.7B81B+9Kinsale Capital Group, Inc.Financial Services$1.9B85A10Apple Hospitality REIT, Inc.Real Estate$1.4B64C11Tredegar CorporationBasic Materials$800.8M62C12Medalist Diversified REIT, Inc.Real Estate$10.4M37D13ENDI Corp.Financial Services$9.6M——14Blue Ridge Bankshares, Inc.Financial Services$3.2M48D15ARKO Petroleum Corp. Class A Common StockEnergy———16AVVAA World Health Care Products, Inc.Financial Services———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 care33%
Food & accommodation18%
Professional services14%
Finance & insurance14%
Admin & support11%
Retail trade11%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
237,257
residents · 2025 · +4.6% since 2020
Income per capita $80.0k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−1,297
International migration+7,887
Natural change+3,658
GDP trend
2019–2024 · nominal
$24.5B2019
$25.4B2020
$27.1B2021
$29.5B2022
$32.9B2023
$35.1B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$353.0k±$7.6k
Median gross rent
$1.4k/mo±$20/mo
Vacancy rate
8.7%±0.7%
Affordability
4.4× wages
Residential permits
$395.1M
2,681 units · 11.3/1k pop
FEMA risk score
78.4
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Earthquake 93Heat wave 88Hurricane 79
FHFA HOUSE PRICE INDEX · 2016–2025
7042016
7612017
8252018
8692019
9022020
10022021
11562022
12612023
13472024
13782025
RESIDENTIAL PERMITS · 2021–2025
↑ 151% since 20211,0672021
2,6492022
2,2832023
2,5402024
2,6812025
Transport access
BTS · FAA · USACE
Nearest interstate
2.9 km
I-195
Nearest freight rail
0.3 km
NS
Nearest port
5.3 km
IMTT, RICHMOND TERMINAL WHARF
Nearest commercial airport
13.7 km
RICHMOND INTL
Filing activity
SEC EDGAR17 filings from 9 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$79.8k
avg. annual pay · +25% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Richmond (Independent City)?
Richmond (Independent City)'s economy produced $35.1B in 2024, growing 6.6% year over year — faster than most US counties. Its largest employment sector is health care.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.