Richmond city, VA
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 37.53, -77.48.
Assembled 2026-10-19. Read the brief.
- 81st pct · 555th of 3,063 US counties · median $230,451
- 65th pct · 46th of 133 Virginia counties · median $309,231
- 62nd pct · 7th of 17 counties in the Richmond metro · median $352,179
- 41st pct · 1,779th of 3,062 US counties · median +2.9%
- 34th pct · 88th of 133 Virginia counties · median +2.8%
- 31st pct · 12th of 17 counties in the Richmond metro · median +3.0%
- 58th pct · 566th of 1,358 US counties · median $1,506
- 31st pct · 49th of 71 Virginia counties · median $1,806
- 33rd pct · 7th of 10 counties in the Richmond metro · median $1,691
- 93rd pct · 199th of 3,221 US counties · median 8,232
- 96th pct · 6th of 133 Virginia counties · median 9,944
- 93rd pct · 2nd of 17 counties in the Richmond metro · median 9,487
- 97th pct · 74th of 3,221 US counties · median $1,039
- 95th pct · 7th of 133 Virginia counties · median $1,048
- 93rd pct · 2nd of 17 counties in the Richmond metro · median $1,211
- 39th pct · 1,841st of 3,063 US counties · median 4.2
- 23rd pct · 102nd of 133 Virginia counties · median 5.4
- 25th pct · 13th of 17 counties in the Richmond metro · median 4.8
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $365,737 (Sep 2026), +2.2% over one year, +24.1% over five
- 81st pct · 555th of 3,063 US counties · median $230,451
- 65th pct · 46th of 133 Virginia counties · median $309,231
- 62nd pct · 7th of 17 counties in the Richmond metro · median $352,179
| Item | Value | Distance |
|---|---|---|
| Richmond city, VA | $365,737 · +2.2% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $1,604/mo (Sep 2026), +2.7% over one year; price-to-rent 19.0
- 58th pct · 566th of 1,358 US counties · median $1,506
- 31st pct · 49th of 71 Virginia counties · median $1,806
- 33rd pct · 7th of 10 counties in the Richmond metro · median $1,691
| Item | Value | Distance |
|---|---|---|
| Richmond city, VA | $1,604/mo · +2.7% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $2,026 a month on $365,737 at 7.40%, against an average weekly wage worth $8,095 a month: 25.0% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $365,737 × 80% = $292,590, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $2,026/mo principal and interest
- wage share = payment / (avg weekly wage $1,868 × 52 / 12 = $8,095) = 25% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $365,737 / ($1,868 × 52) = 3.8
- price-to-rent = $365,737 / ($1,604 × 12) = 19.0
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
167,696 jobs at 9,428 employers (2026 Q1); +1.2% jobs and +4.7% average weekly wage over the year
- 93rd pct · 199th of 3,221 US counties · median 8,232
- 96th pct · 6th of 133 Virginia counties · median 9,944
- 93rd pct · 2nd of 17 counties in the Richmond metro · median 9,487
| Item | Value | Distance |
|---|---|---|
| Richmond city, VA | 167,696 jobs · $1,868/wk · +1.2% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Health care and social assistance | 26,981 | $1,390 | 1.07 | +3.1% |
| Administrative and waste services | 12,801 | $1,457 | 1.34 | +8.5% |
| Accommodation and food services | 12,351 | $597 | 0.82 | +2.0% |
| Professional and technical services | 11,236 | $2,890 | 0.97 | -1.4% |
| Management of companies | 9,019 | $3,638 | 3.21 | +0.5% |
| Finance and insurance | 8,653 | $4,922 | 1.27 | -2.0% |
| Retail trade | 7,389 | $785 | 0.45 | -1.2% |
| Construction | 5,898 | $1,678 | 0.67 | +5.8% |
| Other services | 5,348 | $1,212 | 1.07 | -4.6% |
| Real estate and rental | 5,297 | $2,392 | 2.06 | +6.9% |
| Manufacturing | 4,813 | $1,960 | 0.36 | -2.0% |
| Educational services | 4,315 | $1,481 | 1.20 | -0.5% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
No drought class at this point (USDM covers the United States only)
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
No reservoir gauges within 150 km (or the camera is above the gauge altitude)
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
77 gauges · 0 flooding · 12 with quality panels averaging 96 % · 9 stale
Sites found: 77, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| JAMES RIVER ABV WEYANOKE POINT NR CHARLES CITY, VA | flow 5,170 ft³/s · quality 80 % (5) · out of service · STALE | 44 km |
| James River (VA) at Richmond Locks | no flooding | 5 km |
| Broad Rock Creek at Rt 1 at Richmond | no readings | 6 km |
| JAMES RIVER NEAR RICHMOND, VA | flow 1,870 ft³/s · no flooding | 7 km |
| LITTLE WESTHAM CREEK AT UR DRIVE AT RICHMOND, VA | stage 3.44 ft | 7 km |
| UPHAM BROOK AT SPRING PK AT RT 161 AT RICHMOND, VA | stage 4.10 ft | 8 km |
| Falling Creek at Hopkins Rd near Ampt Hill | no readings | 8 km |
| Pocoshock Creek at Rt 360 near Falling Creek Farms | no readings | 9 km |
| JAMES RIVER AND KANAWHA CANAL NEAR RICHMOND, VA | flow 162.0 ft³/s | 9 km |
| Falling Creek at Turner Road near Ampt Hill | no readings | 10 km |
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
71 wells in 0 named aquifers:
Sites found: 71, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| USGS-373428077233001 | depth 195.0 ft · 1992-03-25 | 9 km |
| USGS-373117077210201 | depth 199.8 ft · 1992-04-01 | 11 km |
| USGS-372519077264703 | depth 13.8 ft · 1995-09-29 | 12 km |
| USGS-372519077264704 | depth 0.93 ft · 1991-01-22 | 12 km |
| USGS-372519077264701 | depth 10.2 ft · 1991-01-22 | 12 km |
| USGS-372519077264702 | depth 12.5 ft · 1995-07-08 | 12 km |
| USGS-373301077194001 | depth 204.1 ft · 1992-04-01 | 13 km |
| USGS-373125077185001 | depth 192.8 ft · 1992-02-17 | 14 km |
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.02)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.04 / 0.55
Banks & federal dollars #
$35.9 bn in deposits at 37 offices of 16 banks (SOD June 2026); HHI 4,455, highly concentrated. $2.7 bn federal obligations in FY2026 (grants $1.2 bn, direct payments $1.2 bn), $16,034 per covered job
| Item | Value | Distance |
|---|---|---|
| Bank of America, National Association | $23.0 bn · 64.1% share · 1 office | |
| Atlantic Union Bank | $4.9 bn · 13.6% share · 4 offices | |
| Truist Bank | $3.7 bn · 10.2% share · 8 offices | |
| Richmond (City), VA | $2.7 bn FY2026 · $16,034/job | |
| MULTIPLE RECIPIENTS | $927.9 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Bank of America, National Association | $22,967,024,000 | 64.1% | 1 |
| Atlantic Union Bank | $4,866,573,000 | 13.6% | 4 |
| Truist Bank | $3,671,460,000 | 10.2% | 8 |
| Wells Fargo Bank, National Association | $2,746,738,000 | 7.7% | 6 |
| TowneBank | $687,785,000 | 1.9% | 3 |
| SouthState Bank, National Association | $389,906,000 | 1.1% | 3 |
| Fulton Bank, National Association | $120,256,000 | 0.3% | 2 |
| Chesapeake Bank | $77,460,000 | 0.2% | 1 |
| Peoples Bank | $68,779,000 | 0.2% | 1 |
| JPMorgan Chase Bank, National Association | $65,294,000 | 0.2% | 2 |
Deposit concentration is 4,455 across 16 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 16 banks with deposits in the county = 64.1² + 13.6² + 10.2² + … (13 more) = 4,455
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Department of Education | $929,446,014 |
| Social Security Administration | $817,056,803 |
| Department of Health and Human Services | $324,705,769 |
| Department of Housing and Urban Development | $246,335,007 |
| Department of Veterans Affairs | $181,361,113 |
| Department of Transportation | $83,692,641 |
| Department of Justice | $61,607,375 |
| General Services Administration | $10,054,915 |
| Railroad Retirement Board | $7,607,706 |
| National Science Foundation | $6,010,195 |
| Institute of Museum and Library Services | $4,088,848 |
| Department of Defense | $3,920,642 |
That is $16,034 per covered job, against 167,696 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $2.7 bn / 167,696 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $16,034
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 17.95 | 2026-10-18 | -2.6% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.20 | 2026-10-19 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 652,115.00 | 2026-09-01 | +0.7% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Richmond city, VA: 13 findings, 13 noted
noteRichmond city, VA's average weekly wage was 4.7% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +4.7 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteRichmond city, VA's covered employment was 1.2% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +1.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteRichmond city, VA's typical home value rose 0.4% from $364,232 in August 2026 to $365,737 in September 2026, on Zillow ZHVI.
Period 2026-09.Show the arithmetic
- +0.4% = (365736.90595515614 - 364232.1003412076) / 364232.1003412076 × 100
- 365736.90595515614 = Zillow ZHVI, 2026-09
- 364232.1003412076 = Zillow ZHVI, 2026-08
noteRichmond city, VA's typical asking rent fell 0.4% from $1,610 in August 2026 to $1,604 in September 2026, on Zillow ZORI.
Period 2026-09.Show the arithmetic
- -0.4% = (1604.2849969788083 - 1610.3199446521676) / 1610.3199446521676 × 100
- 1604.2849969788083 = Zillow ZORI, 2026-09
- 1610.3199446521676 = Zillow ZORI, 2026-08
noteRichmond city, VA's average weekly wage of $1,868 ranks 74th of 3,221 US counties, against a median of $1,039.
Period 2026 Q1.Show the arithmetic
- 98 on the 0-to-100 scale across 3221 US counties that published jobs.avgWeeklyWage
position among the entities that published this metric this period; not an official level
Read all 12 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.