Petersburg, Virginia is a small city with a population of slightly less than 32,000. With an average age of just under 40, the city's population is a bit older compared to other cities in Virginia, which has an average age of 37. The majority of residents rent in Petersburg, and 42% of residents are homeowners, driven in part by a relatively low average rent that is $395/month lower than the state average. Over the course of a year, renters in Petersburg will save around $4,700 compared to the state average.
Compared to the national average, Petersburg has a relatively large percentage of residents over the age of 25 who have earned a high school degree or equivalent (23%). In addition, 7% possess a Bachelor's degree and 5% have a Master's or Doctoral degree. Many Petersburg residents work in one of three industries: healthcare, retail, and manufacturing. Together, these industries account for 20% of the workforce in the city. Meanwhile, in terms of job function, 7% of the city's population works in transportation, making it the top career path in the city. With an average annual income of just under $47K, Petersburg workers earn less than the average Virginia resident. The city's average income also falls below the national average of $73,345.
Averaging about 24 minutes, the commute time for Petersburg residents is faster than the state average of about 30 minutes. Driving is the prevailing means of commuting to work, chosen by 38% of workers, while public transit is not used widely. Walking isn't a common way to get to work.