How much do Economists make in Richmond, VA?

Percentile spread

For Economists, the published 10th percentile is $77,220 and the 90th percentile is $267,110. The difference is $189,890, which is 169.0% of the median. Ten percent of measured wages fall below the 10th percentile and ten percent fall above the 90th. How to read a percentile.

The middle half of the distribution, from the 25th percentile at $94,860 to the 75th at $153,500, covers $58,640.

The mean annual wage is $137,150, which sits above the median of $112,330. Median and mean measure different points in the same distribution.

National and state comparison

The Richmond, VA median is 9.9% lower than the national median of $124,720 for Economists. In 2024 national prices the local median is $114,789, which is 8% lower than that same national median. The national figure is already in national prices because the United States parity is 100.

It is 18.4% lower than the Virginia median of $137,590.

Price-adjusted pay

The 2024 all-items regional price parity for Richmond, VA is 97.858, with the United States at 100. The Bureau of Economic Analysis released those parities on February 19, 2026. Dividing the May 2025 median of $112,330 by that parity and multiplying by 100 puts Economists at $114,789 in national prices. The wage year and the price year are different. Compare this wage after prices.

Nearby metros

5 other metropolitan areas within 200 miles publish a annual median for Economists. Richmond, VA ranks 4th of 6 on that median, counting itself. Distance is the great-circle mileage between Census Bureau internal points (U.S. Census Bureau, 2024 Gazetteer Files, Core Based Statistical Areas, internal points (INTPTLAT, INTPTLONG).).

• Virginia Beach-Chesapeake-Norfolk, VA-NC is 70 miles away, with a median of $103,600 and employment of 50. That median is 7.8% lower than the median here. In 2024 national prices it is $105,778, against $114,789 here.
• Washington-Arlington-Alexandria, DC-VA-MD-WV is 98 miles away, with a median of $156,750 and employment of 4,570. That median is 39.5% higher than the median here. In 2024 national prices it is $143,961, against $114,789 here.
• Raleigh-Cary, NC is 128 miles away, with a median of $96,030 and employment of 40. That median is 14.5% lower than the median here. In 2024 national prices it is $97,833, against $114,789 here.

Employment share

Economists accounts for 0.02% of wage-and-salary employment in Richmond, VA (120 of 660,350). Nationally the occupation is 0.01% of employment (17,790 of 155,495,730). The local share is 1.59 times the national share. That ratio is the location quotient computed from these May 2025 employment counts. It is not copied from the location-quotient column in the BLS bulk file.