LABOR MARKET DATA

*based on Emsi Q3 2021 Data Set

2020 Labor Force Breakdown

    Population
  Employable Population 231,751
  Not in Labor Force (15+) 54,495
  Labor Force 177,256
  Employed 168,528
  Unemployed 8,728
  Unemployable Population 138,869

370,620

Population (2020)

Population grew by 10,039 over the last 5 years and is projected to grow by 15,399 over the next 5 years.

161,525

Total Regional Employment

Jobs decreased by 939 over the last 5 years but projected to grow by 7,424 over the next 5 years.

$53.1K

Avg. Earnings Per Job (2020)

Regional average earnings per job are $21.1K below the national average earnings of $74.2K per job.


DOWNLOADABLE REPORTS

 


COST OF LIVING INDEX & QUALITY OF LIFE INDICATORS

Metro/Micro

COL Index** Mean Commute Time Unemployment (May 2021) Median Household Income (2019) Population 2019 Projected Population (2025)
Harrisonburg-Rockingham VA Metro 96.8 19.8 minutes 2,329 $56,500 135,519 143,378 (+3%)
Staunton-Waynesboro-Augusta VA Metro 97.5 23.1 minutes 2,035 $57,140 123,452 129,305 (+3%)
Lexington-Buena Vista-Rockbridge VA 98.4 25.9 minutes 388 $54,600 22,774 22,913 (+2%)
Washington-Arlington-Alexandria VA Metro 117.4 35.0 minutes 59,479 $103,751 6,297,454 6,557,524 (+3%)
Richmond VA Metro 103.9 25.3 minutes 28,591 $68,529 1,293,983 1,368,779 (+4%)
Virginia Beach-Norfolk-Newport News VA Metro 103.7 24.6 minutes 38,744 $66,759 1,773,624 1,811,654 (+1%)
Charlottesville VA Metro 106.4 23.4 minutes 3,860 $72,697 219,160 231,514 (+4%)
Winchester VA Metro 100.6 31.8 minutes 1,974 $67,072 140,732 149,645 (+5%)

*Source: EMSI Q3 2021 Data Set

**COL Index: Emsi’s cost of living data is based on the Cost of Living Index published by the Council for Community and Economic Research (C2ER).

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