Richmond, VA Employment Information

Richmond, Virginia Overview Virginia's capital, Richmond, has a population of roughly 214,000 people. The surrounding ...

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Richmond, Virginia Overview

Virginia's capital, Richmond, has a population of roughly 214,000 people. The surrounding metropolitan area is home to more than 1.2 million. Two Fortune 500 companies have headquarters in Richmond, and both the US Court of Appeals and the Federal Reserve Bank have locations in Richmond. In the past 50 years the advertising industry has seen a boom in Richmond, and the city is now home to many advertising agencies.

Richmond Job Opportunities

Finance is one of Richmond's main industries, and the largest employer of Richmond jobs is Capital One Financial Corporation, with 11,309 full-time employees. SunTrust Bank and Wells Fargo employ 4,432 and 2,766 full-time people, respectively. Myriad smaller businesses provide financial services as well, so searches for jobs in Richmond, VA should not be restricted to large companies and banks only. Try nearby Mechanicsville jobs as well to expand your search of financial jobs.

Richmond also has a considerable manufacturing industry. The city hosts 450 manufacturing companies which produce a vast range of things, from paper to plastic to metals. The US Bureau of Labor Statistics reports that the manufacturing industry employs 32,500 people total in Richmond jobs. The wide array of products and companies makes manufacturing jobs a good place to start a job search for someone interested in distribution, machinery or project management.

Health services and bio-science make up a large range of Richmond, VA jobs in the health and science industries. The city has the Virginia BioTechnology Research Park within its borders, a huge area full of companies and research labs. 2,000 people are employed in the park, and companies like Pfizer and UNOS have spots there. The second largest employer is the VCU Health System, with 8,491 employees, and the third largest employer for jobs in Richmond is the HCA Virginia Health System with 7,051 full-time employees.

Richmond Employment Trends

The US Bureau of Labor Statistics reports that as of August 2014, Richmond's unemployment rate is 6.1 percent. Richmond experienced 1.4 percent job growth in 2013, and is projected for 1.9 percent job growth in future. Forbes ranks Richmond on several lists. Richmond is number 51 on the list of Best Places for Business and Careers, number 72 in Job Growth, and number 81 in Cost of Doing Business.

Richmond Cost of Living

The cost of living in Richmond is 3.3 percent above the national average. The median household income is $53,578, and has remained consistent in the past year. The median home price is $229,800, according to Forbes, and went up 8.9 percent in 2013.

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