LABOR MARKET DATA
*based on Emsi Q1 2021 Data Set
2020 Labor Force Breakdown
| Population | ||
|---|---|---|
| Total Working Age Population | 312,472 | |
| Not in Labor Force (15+) | 132,707 | |
| Labor Force | 179,765 | |
| Employed | 172,692 | |
| Unemployed | 7,073 | |
| Under 15 | 58,970 |
371,447
Population (2020)
Population grew by 11,049 over the last 5 years and is projected to grow by 8,016 over the next 5 years.
165,416
Total Regional Employment
Jobs grew by 2,952 over the last 5 years and projected to grow by 7,361 over the next 5 years.
$50.8K
Avg. Earnings Per Job (2020)
Regional average earnings per job are $20.1K below the national average earnings of $70.9K per job.
DOWNLOADABLE REPORTS
Documents
- Colliers International 10 Emerging U.S. Industrial Markets to Watch in 2021
- Colliers International 10 Emerging U.S. Industrial Markets to Watch in 2019
- Food & Beverage Manufacturing Infographic: A Recipe for Success
- SVP 2020-2021 Annual Report
- SVP 2019-2020 Annual Report
- SVP Strategic Plan
- Shenandoah Valley Community Profile
- Harrisonburg-Rockingham MSA Community Profile
- Staunton-Augusta-Waynesboro MSA Community Profile
- Virginia Economic Development Partnership Guide to Incentives
- Virginia Economic Development Partnership Strategic Plan for Economic Development
Announcements & Testimonials
- Ariake (now Kerry Group) – Expansion
- Case Study – The Hershey Company Produces Sweet Success in Virginia
- Case Study – Three Virginia Locations Serve Speyside Bourbon Cooperage
- ComSonics – Expansion
- DanoneWave – Expansion
- Draftco – Expansion
- Dynovis – New Manufacturing Facility
- Flow Alkaline Spring Water – New Manufacturing Facility
- Hutchins & Hutchins – Expansion
- InterChange – New Cold Storage New Facility
- Merck – Expansion
Announcements & Testimonials
- Mohawk Industries – Expansion
- Munters Corporation – Expansion
- NIBCO – Expansion
- Provides – Expansion
- Shamrock Farms – Expansion
- Speyside Bourbon Stave Mill – Expansion
- Sumitomo – Expansion
- The Hershey Company – Expansion I
- The Hershey Company – Expansion II
- The Hershey Company – Expansion III
- The Hershey Company Produces Sweet Success in Virginia
- TruckVault, Inc. – New Manufacturing Facility
Databases
COST OF LIVING INDEX & QUALITY OF LIFE INDICATORS – EMSI Q4 2020 DATA SET
|
Metro/Micro |
COL Index** | Mean Commute Time | Unemployment (Aug. 2020) | Median Household Income (2018) | Population 2019 | Projected Population (2025) |
| Harrisonburg-Rockingham VA Metro | 97.7 | 19.8 minutes | 3,144 | $54,136 | 134,944 | 139,815 (+3%) |
| Staunton-Waynesboro-Augusta VA Metro | 99.2 | 23.3 minutes | 3,064 | $55,721 | 126,752 | 126,752 (+3%) |
| Lexington-Buena Vista-Rockbridge VA | 99.7 | 24.8 minutes | 491 | $54,805 | 22,911 | 22,911 (+1%) |
| Washington-Arlington-Alexandria VA Metro | 116.9 | 34.8 minutes | 96,117 | $100,732 | 6,280,470 | 6,535,508 (+3%) |
| Richmond VA Metro | 104.6 | 25.2 minutes | 46,472 | $66,258 | 1,291,931 | 1,349,174 (+4%) |
| Virginia Beach-Norfolk-Newport News VA Metro | 104.5 | 29.8 minutes | 63,139 | $49,032 | 1,768,946 | 1,793,183 (+1%) |
| Charlottesville VA Metro | 106.9 | 24.1 minutes | 6,297 | $67,224 | 218,610 | 227,631 (+3%) |
| Winchester VA Metro | 100.6 | 30.9 minutes | 2,853 | $62,937 | 140,571 | 148,274 (+5%) |
*Source: EMSI Q4 2020 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).