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This question is about Richmond, VA.
What is a good salary in Richmond, VA?
A good salary in Richmond, VA is anything over $46,000. That's because the median income in Richmond is $46,000, which means if you earn more than that you're earning more than 50% of the people living in Richmond. The average salary in Richmond is $54,022.
A good hourly wage in Richmond is $22.12 per hour. That works out to a good weekly wage of $884 per week and a good monthly wage of $3,833 per month. However, using the median income is only one way to calculate a good salary in Richmond.
Another way to calculate a good salary in Richmond is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $230,500, a good salary in Richmond would be $46,100.
Lastly, we can determine a good salary in Richmond by looking at the cost of living and comparing it to the US average salary. The cost of living in Richmond is 1% higher than than the national average. The national average salary is $56,310, so a good salary in Richmond is anything over $56,873 by this measure.
Average Annual Salary in Richmond, VA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $46,000 | $3,833 | $884 | $22.12 |
| 75th | $67,000 | $5,583 | $1,288 | $32.21 |
| 90th | $94,000 | $7,833 | $1,807 | $45.19 |
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