A medium-sized city located in Virginia, Richmond has slightly less than 221,000 residents. Young professionals account for a larger portion of the population here (21%) than nationally (15%), making it a great place to start a career. Overall, the city's population, with an average age of just over 37, is younger than most cities in Virginia. The majority of residents rent in Richmond, and 42% of residents own their homes, driven in part by a relatively affordable average rent that is $295/month lower than the state average. Over the course of a year, renters in Richmond will save around $3,500 compared to the state average.
If you're looking for diverse career options, Richmond has them in spades. The four most common industries are healthcare, retail, education, and entertainment. Together, these industries account for 25% of the workforce in the city. Meanwhile, looking at job function, many workers in these industries are in sales, as 7% of the city's population reports this as their field of work, the highest number of any profession. Richmond workers earn an average annual income of around $61K, less than the average Virginia resident. The city's average income also trails the national average of $73,345. Richmond has a relatively high concentration of residents older than 25 with advanced degrees compared to the national average (7%), as 8% have earned a Master's degree or a Doctorate. Additionally, 15% have a Bachelor's degree.
Averaging about 24 minutes, the commute time for Richmond residents is faster than the Virginia average of about 30 minutes. Driving is the most common mode of getting to work, opted for by 39% of residents, while public transit isn't widely used. Walking (3%) isn't a common way to get to work, though the number does exceed the national average.