Salaries & Top Paying Jobs in Richmond, VA

City

Salary

What is the average salary in Richmond, VA?

The average salary in Richmond, VA is $69,054 per year.

Graph depicting the yearly salary distribution for Richmond, VA, showing an average salary of $69,054 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Richmond, VA, showing an average salary of $5,754 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Richmond, VA, showing an average salary of $1,328 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Richmond, VA, showing an average salary of $33 with varying distribution percentages across salary ranges.

Richmond, VA, offers a variety of job opportunities with competitive salaries. The average yearly salary in Richmond is $69,054. This figure gives job seekers a good idea of the potential earnings in the area. Below are the top sectors in Richmond along with their average salaries:

Jobs in health care and social assistance pay the highest average at $74,127 per year. Finance and insurance roles come next, offering $58,418. Those in professional and business services can expect to earn $42,709. Other notable sectors include information services with $89,836 and education services with $105,545. This range provides a good opportunity for professionals to explore various fields and find a match for their skills and career goals.

What are the best paying jobs in Richmond, VA?

Richmond offers a variety of top-paying jobs for skilled professionals. Physicians lead the way with an average salary of $285,154, followed closely by general dentists, earning around $223,323. Actuaries, enterprise architects, and solution architects also provide high salaries, typically ranging between $142,552 and $169,954. Other high-paying positions include software engineers, business consultants, and electrical project managers. These roles offer competitive salaries and attract professionals with specialized skills. Job seekers looking for rewarding opportunities can explore these fields for both job satisfaction and financial benefits.

Graph displaying best paying job salaries in Richmond, VA, highlighting Physician with the highest at $285,154 and Architect with the lowest at $142,552.

Physician
Average Salary: $285,154
Doctors in this field diagnose and treat various illnesses. They work in hospitals and clinics, often collaborating with specialists. Major employers include Bon Secours and VCU Health.
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General Dentist
Average Salary: $223,323
Dentists provide oral health care, focusing on prevention, diagnosis, and treatment. They work in private practices and for dental groups. Prominent employers in Richmond are Commonwealth Dentistry and Dental Associates.
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Actuary
Average Salary: $169,954
Actuaries analyze financial risks using statistics. They work in insurance companies and consulting firms. Key employers include Genworth Financial and Willis Towers Watson.
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Enterprise Architect
Average Salary: $157,881
They design and oversee the implementation of information systems. They collaborate with IT teams and business leaders. Companies like Northrop Grumman and Accenture seek skilled architects.
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Solution Architect
Average Salary: $152,112
They design solutions to meet business needs. They work with developers and managers to create software systems. Major employers include Sprint and IBM in the area.
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Software Engineer
Average Salary: $151,178
They design, develop, and test software applications. They work on projects for various industries. Companies like Capital One and IBM hire software engineers.
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Business Consultant
Average Salary: $147,353
They provide advice to improve business performance. They work with clients to solve problems and implement strategies. Firms such as Deloitte and McKinsey & Company are active in the area.
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Electrical Project Manager
Average Salary: $147,215
They oversee electrical projects from planning to completion. They coordinate with engineers and construction teams. Companies like AECOM and W.E. O’Neil, Jr. hire project managers.
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Physician Assistant
Average Salary: $143,001
They work under the supervision of doctors, providing primary and specialty care. They work in hospitals and clinics. Major employers include VCU Health and Bon Secours.
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Architect
Average Salary: $142,552
They design buildings and oversee construction projects. They collaborate with engineers, contractors, and clients. Firms such as Page Southeast Architecture and T3 Architecture employ skilled architects.
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What are the best paying jobs in Richmond, VA without a degree?

Richmond offers a variety of high-paying jobs that do not require a college degree. Sales inspectors lead the list with a substantial average salary of $155,295. This role involves inspecting and evaluating products and services, ensuring they meet certain standards. Other well-paying jobs include canvasser, concrete finisher, and meat cutter. Canvassers, with an average salary of $56,506, often work for political campaigns or organizations, gathering support and information. Concrete finishers, earning $53,468 on average, prepare and finish concrete surfaces. Meat cutters, with a salary of $40,853 on average, slice and prepare meat for sale in grocery stores and butcher shops. These jobs offer good pay and valuable skills without needing a college degree.

Graph displaying best paying job salaries in Richmond, VA without a degree, highlighting Sales Inspector with the highest at $155,295 and Concrete Finisher with the lowest at $53,468.

Sales Inspector
Average Salary: $155,295
Sales inspectors work with different companies to ensure compliance with local regulations. They inspect products and services, collecting data and providing reports. Working with businesses such as grocers and pharmacies helps ensure quality and safety.
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Canvasser
Average Salary: $56,506
Canvassers gather information about community needs and opinions. They often work with political campaigns or market research firms. This job involves talking to people and collecting data, helping businesses and organizations understand public sentiment.
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Concrete Finisher
Average Salary: $53,468
Concrete finishers prepare and smooth concrete for construction projects. They work on roads, buildings, and other structures. This job requires physical strength and attention to detail, ensuring the concrete sets properly and meets specifications.
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Which companies offer the top salaries in Richmond, VA?

In Richmond, VA, several companies offer competitive salaries. Absolute Roofing leads with an average salary of $200,992, followed by PwC at $178,288. These companies value their employees and provide attractive compensation packages. Additionally, other notable employers include Spa Creek Health, Deloitte, and GS1 Consulting LLC, with average salaries ranging from $136,793 to $150,000. These firms also prioritize employee compensation, making them attractive options for job seekers. Job seekers in Richmond can find well-paying opportunities in these and other reputable companies.

Graph displaying company salaries in Richmond, VA, highlighting Absolute Roofing with the highest at $200,992 and Federal Reserve Bank of Richmond with the lowest at $123,472.

Absolute Roofing
Average Salary: $200,992
Absolute Roofing offers top-tier compensation. It specializes in roofing services and values employee satisfaction.
PwC
Average Salary: $178,288
PwC, a global leader in consulting, provides competitive salaries. It focuses on professional services.
Spa Creek Health
Average Salary: $150,000
Spa Creek Health pays well for its health services. It emphasizes patient care and community health.
Deloitte
Average Salary: $149,302
Deloitte offers attractive salaries in its consulting division. It values innovation and client service.
GS1 Consulting LLC
Average Salary: $136,793
GS1 Consulting LLC provides good pay for its consulting roles. It focuses on global supply chain solutions.
Markel
Average Salary: $135,308
Markel offers solid compensation in its insurance sector. It emphasizes customer service and risk management.
Genworth
Average Salary: $132,087
Genworth provides competitive salaries in its financial services division. It focuses on insurance products.
Elevance Health
Average Salary: $129,919
Elevance Health offers good pay in the health sector. It emphasizes health services and well-being.
McKesson Corporation
Average Salary: $124,974
McKesson Corporation provides fair salaries in its healthcare services. It focuses on pharmaceuticals and medical supplies.
Federal Reserve Bank of Richmond
Average Salary: $123,472
The Federal Reserve Bank of Richmond offers competitive pay. It focuses on monetary policy and financial services.

How does the cost of living in Richmond, VA compare to the national average?

The cost of living index in Richmond, VA, reveals a generally favorable comparison to the nationwide average. Housing costs are 12% below the national average, indicating more affordable living options. Additionally, groceries and utilities are nearly on par with the national average, showing slight variations of 5% and 3% respectively. Transportation costs stand at 8% below the average, offering some savings for commuters. Healthcare costs match the national average, providing no extra financial burden in this area. Miscellaneous expenses are also slightly lower at 7% below average, contributing to an overall lower cost of living in Richmond, VA. This makes Richmond a potentially attractive location for job seekers looking for affordable living options.

Cost of living comparison graph for Richmond, VA vs. Nationwide: housing 12% lower, groceries 5% lower, utilities 3% lower, transportation 8% lower, healthcare 0% lower, miscellaneous 7% lower.

Richmond, VA, has a cost of living index that is notably below the nationwide average, which is set at 100. Housing in Richmond is 12% below this average, with an index score of 88. This means that, on average, housing costs in Richmond are more affordable than in other parts of the country. The cost of groceries is also slightly lower, with an index score of 95, reflecting a 5% reduction in what residents pay at the grocery store compared to the national average.

When looking at other areas, Richmond's utilities are just 3% below the national average at an index of 97. Transportation costs are also 8% below the national average, with an index of 92. Healthcare costs in Richmond are on par with the national average, with an index score of 100. Miscellaneous expenses show a small decrease, with an index score of 93, which is 7% below the national average. This comprehensive comparison shows that Richmond offers a more affordable living experience in several key areas.

Salaries in Richmond, VA

What is the average salary in Richmond, VA?

What are the best paying jobs in Richmond, VA?

What are the best paying jobs in Richmond, VA without a degree?

Which companies offer the top salaries in Richmond, VA?

How does the cost of living in Richmond, VA compare to the national average?

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