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Places/VA/Richmond (Independent City)
County profile

Richmond (Independent City)

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
GDP growth
+6.6%
Jobs tracked
129,898
Employers
6,530
Avg. wage
$79.8k
Population
237,257
Labor & formation
Unemployment
3.9%
Median HH income
$64.6k±$1.9k
Business applications
4,748 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Performance Food Group CoConsumer Defensive$63.3B64C2CarMax, Inc.Consumer Cyclical$25.9B66B3Altria Group, Inc.Consumer Defensive$23.3B82B+4Dominion Energy, Inc.Utilities$16.5B75B+5Arko Corp.Consumer Cyclical$7.6B45D6The Brink's CompanyIndustrials$5.3B69B7Universal CorporationConsumer Defensive$2.9B61C8NewMarket CorporationBasic Materials$2.7B82B+9Kinsale Capital Group, Inc.Financial Services$1.9B85A10Apple Hospitality REIT, Inc.Real Estate$1.4B62C11Tredegar CorporationIndustrials$800.8M58C12Medalist 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
$24.5B
2019
$25.4B
2020
$27.1B
2021
$29.5B
2022
$32.9B
2023
$35.1B
2024

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
2,681 (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
704
2016
761
2017
825
2018
869
2019
902
2020
1002
2021
1156
2022
1261
2023
1347
2024
1378
2025
Filing activity
SEC EDGAR

68 filings from 14 companies here in the last 90 days.

DEF 14AUniversal Corporation07-01
8-KThe Brink's Company06-30
8-KCarMax, Inc.06-24
10-QCarMax, Inc.06-24
8-KThe Brink's Company06-18
8-KBlue Ridge Bankshares, Inc.06-18
8-KMedalist Diversified REIT, Inc.06-17
8-KCarMax, Inc.06-17
8-KDominion Energy, Inc.06-16
8-KApple Hospitality REIT, Inc.06-15
Wage trend
BLS QCEW · 2019–2023
$79.8k
avg. annual pay · +25% since 2019
Similar US counties
nearest by GDP
Camden$34.6BCumberland$34.6BWashtenaw$34.6BSeminole$34.4BForsyth$34.4BSarasota$35.9B
The read

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.
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