Arlington, VA Overview With a population of 230,000, Arlington, Virginia, is the second-largest city in the ...
Arlington, VA Overview
With a population of 230,000, Arlington, Virginia, is the second-largest city in the Washington, D.C., metro area. Residents can enjoy numerous amenities throughout the city that include historic sites, monuments, parks and other green spaces, libraries, world-class dining, and entertainment venues. The Arlington Transit (ART) also makes commuting easy for residents who rely on public transportation to get to work. Considering all these amenities and services, it's no surprise that Arlington's cost of living is well above the national average, but the city makes up for this with excellent incomes, strong home values, and job variety.
Arlington, VA Job Opportunities
Arlington, VA, was ranked by BusinessWeek magazine as the safest city in the U.S. to weather a recession. In fact, during the economic downturn in 2009, Arlington's unemployment rate never went above 4.2 percent. The city is home to several strong industries that make this possible, including federal government, engineering, education, finance, hospitality, professional services, and nonprofit sectors. The largest employers include the Department of Defense, Arlington County, Department of Homeland Security, and Deloitte professional services network. The Virginia Hospital Center also provides healthcare jobs, while Marriott International, Marymount University, and Lockheed Martin round out the city's varied employment opportunities.
Arlington, VA Employment Trends
Averaging less than 3 percent, Arlington County's unemployment rate is the lowest in Virginia. The poverty level is over 50 percent less than the national average, and median incomes are double. Due to the increased home values, housing in the D.C. area is expensive, but these homes retain their value better than most areas in Virginia. Groceries, utilities, healthcare costs, and transportation are on par with the national average. Considering that most employers pay highly competitive wages and Arlington, VA, employment opportunities attract people from all over the country, the D.C. metro area is very livable and its economic future remains bright.