Unemployment Rate in Richmond Va

2013 Unemployment Rate in Richmond Virginia

unemployment rate
The city of Richmond is the capital of Virginia. The population according to the Census is 205,533 but the highest populated city in Virginia is Virginia Beach which is now home to 442,707 people. The unemployment rate is holding steady at 7.3% which is .3% lower than the national average at 7.6%. The city is home to the public university Virginia Commonwealth. The school is receiving a $2.4 million grant to study ways to improve the academic performance of middle school students with attention deficit hyperactivity disorder. Virginia Commonwealth University enrolls more than 31,000 undergraduate, graduate and first-professional students in a wide range of 222 certificate and degree programs. VCU has nearly 1,500 international students from 96 countries around the world in more than 130 degree-seeking programs. The school currently has more than 23,000 undergraduates.

The median income for a household in the city was $31,121, and the median income for a family was $38,348. Males had a median income of $30,874 versus $25,880 for females. The per capita income for the city was $20,337. About 17.1% of families and 21.4% of the population were below the poverty line, including 32.9% of those under age 18 and 15.8% of those age 65 or over.

The current Governor of Virginia has a net worth of $1.8 million. Governor Bob McDonnell who has also been the center of a series of controversies will be giving up his seat in 2013. But under his administration the state’s unemployment rate dropped from 7.4% to 5.6% as of April 2013. He is also constantly ranked as one of the most liked and respected governors in the nation.

Richmond has also notice a high boom in the Hispanic population. The persons claiming Hispanic origin accordint to the census is 6.3%. The black population in Richmond is higher than any other city or county in the state of Virginia at 50%.

The Cost of Living in Richmond Virginia 2013