Virginia Economic Overview
Key economic indicators for Virginia (VA). Population: 8,631,393.
Unemployment Rate
2.9%
Below national avg (~4.2%)
Median Annual Wage
$62,000
Source: Census ACS / BLS
Wage Growth (YoY)
+3.5%
Year-over-year change
Population
8.6M
Source: 2020 Census
About the Virginia Economy
Virginia has an unemployment rate of 2.9%, which is below the national average. The median annual wage is $62,000, with wages growing at 3.5% year-over-year. With a population of 8,631,393, Virginia is the a mid-size state economy in the U.S.