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โ† All of Virginia
๐Ÿ“ Richmond, VA

Marketing a business in Richmond, VA

Ranked 45th of 387 metropolitan areas in the United States, Richmond, VA counts 1.34 million residents. People, homes, work, and the shape of the local business landscape, drawn from public data.

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Virginia

People and buying power

1.34 millionresidents, 45th of 387 metros
$86,679median household income
$353,500median home value
33,589employer establishments
25business density per 1,000

The metropolitan statistical area is centered on Richmond, Virginia.

The median home value of $353,500 is 6 percent above the national figure. A $86,679 median household income puts Richmond, VA 7 percent above the national figure. Read together, they frame the buying power of the market.

The household mix in brief. Richmond, VA has a median age of 38.8 (about the same as the national median). Ownership: 67% of households own their home, 2 points above the US share. Unemployment in the civilian labor force is 4.5%, about the same as the US share. Education: 41.1% with a bachelor's or higher, 5 points above the US share.

How does that compare with the state as a whole? Income in Richmond, VA is 7 percent lower than the Virginia figure, the median home value is 8 percent lower than the Virginia figure, and business density is 3 percent denser than the Virginia figure; the full numbers are on the Virginia page.

County Business Patterns 2023

The business landscape

By the Census Bureau's count Richmond, VA supports 33,589 employer establishments. Relative to population, 25 per 1,000 residents, in line with the national figure. Home-services trades account for 1,803 of them (5.4% of all establishments, about the same as the US share).

CategoryLocationsPer 100k peopleLocal รท US share
Other specialty trade contractors (paving, asphalt, fencing) 23899025619.11.49ร—
Highway, street and bridge construction 2373554.11.48ร—
Beauty salons 81211243932.71.30ร—
Grocery and convenience retailers 445150437.61.26ร—
Automobile dealers 441123417.41.24ร—
Personal care services (all) 812176957.31.19ร—
Self-storage facilities 531130856.31.14ร—
General automotive repair 81111138128.41.12ร—
Landscaping services 56173052839.41.11ร—
Electrical contractors 23821036427.11.09ร—
Plumbing, heating and air-conditioning contractors 23822046534.71.04ร—
Concrete foundation and structure contractors 238110926.90.98ร—
Roofing contractors 238160987.30.96ร—
Restaurants and other eating places 72252,350175.20.95ร—
Legal services 541167950.60.93ร—
Physicians' offices 621179359.10.91ร—
Child day care services 624430022.40.91ร—
Lessors of real estate (all) 531147935.70.87ร—
Dentists 621246334.50.85ร—
General freight trucking 484138328.60.81ร—

Index: local share of all establishments divided by the US share; above 1 means the trade is more common here than nationally.

The market over-indexes on specialty trade contractors, road and paving contractors, beauty salons and grocery stores. The sharpest example is specialty trade contractors: 256 establishments, 1.5 times the share seen nationally. Under-represented categories: general freight trucking and dentists. General freight trucking: 383 establishments, about 81% of the national share. Roughly where the national mix would put them: plumbing and HVAC contractors, roofing contractors and electrical contractors.

The most numerous of the listed trades: restaurants with 2,350 establishments, then physicians' offices (793) and personal care services (769). Adjusted for population, restaurants are the thickest on the ground (175.2 per 100,000), with physicians' offices and personal care services next. Sector view: automotive businesses index at 1.2 times the national share, medical and dental practices at about the same as.

For advertisers

Reading the numbers as an advertiser

For specialty trade contractors, road and paving contractors and beauty salons, expect the Google Ads auction to be contested: more advertisers per search means higher cost per click and a real premium on ad relevance, landing-page quality and call tracking that proves which keywords produce jobs. Scarcity in general freight trucking and dentists cuts the other way: fewer rivals per search, cheaper clicks, and a chance to become the default answer in the map results with a modest, steady effort. The population is younger than the national median (about the same as the national median), which raises the value of Instagram, streaming and AI-answer visibility next to search.

Services

What we run here

A short list of services chosen for this market; the full range is on the services page.

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Map

Richmond, VA

Neighboring metros

All of Virginia

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Quick facts

Richmond, VA in numbers: questions and answers

What is the population of Richmond, VA?

Richmond, VA has 1.34 million residents (US Census Bureau ACS 2024 5-year estimate), ranking 45th of 387 metropolitan areas.

What is the median household income in Richmond, VA?

The median household income in Richmond, VA is $86,679 (ACS 2024 5-year), above the US median of $80,734.

How many businesses are there in Richmond, VA?

The Census Bureau counts 33,589 employer establishments in Richmond, VA (County Business Patterns 2023), or 25 businesses per 1,000 residents.

What is the median home value in Richmond, VA?

The median home value in Richmond, VA is $353,500, and 67% of homes are owner-occupied (ACS 2024 5-year).

Which trades are crowded or thin in Richmond, VA?

Measured against the US business mix (County Business Patterns 2023), specialty trade contractors, road and paving contractors and beauty salons have more establishments per resident than the US average; general freight trucking and dentists have fewer in Richmond, VA.

Put these numbers to work in Richmond, VA

Tell us the trade and the area; we will show you what the competition looks like and what it takes to be found.

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Data: US Census Bureau ACS 2024 5-year estimates and County Business Patterns 2023. Updated 2026-09-29.

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