Located on the eastern coast of Virginia, Williamsburg is one of the oldest settlements in the United States. Founded in 1632, it was once the capital of the state of Virginia. Today, it is a city of just over 15,000 and is one of the most-visited small cities in the country, thanks to its deep-rooted and enthralling history.
The cost of living in Williamsburg is very high, considering the size of the city. It is 12 percent higher than the state average and 21.7 percent higher than the national average. Groceries and transportation are the only low costs here. Goods and services, utilities and healthcare are all slightly above the national average. Housing is the singular reason the cost of living is so high in Williamsburg. The median home price is $326,000, which is 80 percent higher than the national average. Monthly rental prices average $1,024.
Williamsburg, VA Job Opportunities
The main industry in Williamsburg is tourism, as it is one of three major colonial cities, along with Jamestown and Yorktown, that have over four million visitors a year. Jobs in this industry include hotel jobs, food industry jobs, tour guides and travel agents. Other tourist destinations include Busch Gardens Williamsburg, which has amusement rides and animal attractions, as well as Watertown USA, a waterpark that operates during the summer months.
The largest employer in the city is Anheuser-Busch InBev, which has a large brewery in the area, attracting bottling workers, forklift operators and other manufacturing positions. Education is also a large portion of the economy, as Williamsburg is home to the College of William and Mary, which is the second oldest university in the country.
Williamsburg, VA Employment Trends
The job growth rate in Williamsburg is 1.73 percent, while unemployment is 6.5 percent, placing its unemployment well above the statewide and national averages. The median household income is $50,865, which is slightly below the national average.