Fredericksburg, Virginia Overview Located near the fall line on the scenic Rappahannock River, Fredericksburg is a ...
Fredericksburg, Virginia Overview
Located near the fall line on the scenic Rappahannock River, Fredericksburg is a suburban city of about 29,000 residents. Just 49 miles south of Washington, DC, Fredericksburg is considered part of the Baltimore-Washington metropolitan area. A major Civil War town, the city houses the battlefield parks of both the first and second Battles of Fredericksburg. In fact, the city welcomes about 1.5 million visitors and Civil War buffs who browse the museums and historical sites.
Those relocating for jobs in Fredericksburg, VA will find the cost of living a bit higher than national average and somewhat higher than other cities in Virginia. The median home price is a whopping $323,600 compared to the national median of $181,400. Despite the high housing costs, the median household income is $45,951 as compared to the national figure of $53,046.
Fredericksburg Job Opportunities
As part of the Baltimore-Washington metroplex, Fredericksburg's residents have access to jobs in nearly every sector. By far the largest percentage of jobs in Fredericksburg come from government jobs. Management and finance are another major source of Fredericksburg jobs.
Other Fredericksburg, VA jobs come from the retail sector. The city is home to Central Park, one of the top five largest shopping malls on the East Coast. The Spotsylvania Towne Centre is adjacent to the city and also employs thousands of residents in Fredericksburg jobs.
The University of Mary Washington is located in Fredericksburg and represents another opportunity for well-paying jobs. Mary Washington Healthcare provides another source of jobs for city residents. As a northern Virginia community, many people commute to the DC area and find lucrative jobs in Arlington or other Washington suburbs.
Fredericksburg Employment Trends
As of July 2014, the unemployment rate in Fredericksburg was 5.4 percent, which was below the national rate of 6.3 percent at that time. Job growth was a robust 2.24 percent, which was well above the national growth rate of 1.18 percent. Future job growth is projected to be 39.6 percent over the next decade while the national growth rate is projected to be 36 percent nationally according to Sperling's.
Other sectors that offer job opportunities include engineering and computer science, which employs approximately 8 percent of the citizens; food preparation and service, employing roughly 10 percent; and education, which employs about 8 percent of Fredericksburg residents. Residents willing to commute to the DC area can also find an abundance of finance and consulting jobs as well.