Average Computer and Mathematical Occupations Salary in Richmond, VA
In Richmond, VA, professionals in Computer and Mathematical Occupations earn an average annual salary of $111,060. This figure is slightly below the national average of $119,220, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the Richmond metropolitan area.
Executive Summary
- Average Salary: $111,060 per year.
- Growth Trend: Salaries have shifted 17.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,850.
- Outlook: Richmond, VA boasts a robust job market for Computer and Mathematical Occupations, with a total local workforce of 23,110. The location quotient of 1.05 suggests a concentration of these roles that is slightly higher than the national average, signaling a healthy and potentially growing demand for skilled professionals in this sector within the region.
Salary Overview
The average Computer and Mathematical Occupations in Richmond, VA earns-6.8%below the national average.
$53.4
$2,136
$9,255
Computer and Mathematical Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Computer and Mathematical Occupations in Richmond, VA have experienced consistent growth over the past four years, mirroring national trends. This upward trajectory is driven by increasing technological adoption and the persistent demand for specialized IT and data analysis skills across various industries.
Computer and Mathematical Occupations Salary Distribution in Richmond, VA
Salary progression within Computer and Mathematical Occupations in Richmond, VA, like elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior roles, requiring extensive expertise and leadership, can reach substantially higher compensation levels. The percentile gaps in earnings clearly signify the career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $56,640 | $27.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $83,295 | $40 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $105,660 | $50.8 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $138,825 | $66.7 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $167,850 | $80.7 |
Detailed Computer and Mathematical Occupations Market Analysis
Relocation Context
Nominal Salary
$111,060
Gross Pay
Real Wage (Purchasing Power)
$111,060
Adjusted for COL (100)
The average annual salary of $111,060 in Richmond, VA aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Richmond-based salary for these roles is equivalent to the national standard, offering a stable financial environment for residents without the added pressure of higher living expenses.
Job Market Context
23,110
Total Jobs
35.402
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Richmond, VA has a slightly higher-than-average concentration of Computer and Mathematical Occupations roles compared to the national norm.
With a location quotient of 1.05, Richmond, VA demonstrates a slightly higher concentration of Computer and Mathematical Occupations compared to the national average. This indicates a competitive yet accessible job market, suggesting that while opportunities are present and perhaps even slightly more abundant than the national norm, employers are actively seeking qualified candidates.
Nearby Job Markets
Nearby Cities for Computer and Mathematical Occupations
Comparing salaries near Richmond, VA
Hiring Computer and Mathematical Occupationss?
Frequently Asked Questions
How much does a Computer and Mathematical Occupations make in Richmond, VA?
The median annual salary for a Computer and Mathematical Occupations in Richmond, VA is $111,060. This typically ranges from $56,640 for entry-level positions to $167,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 6.8% lower than the national median of $119,220.
Is Richmond, VA a lucrative place for Computer and Mathematical Occupations?
Yes, Richmond, VA offers a competitive compensation landscape for Computer and Mathematical Occupations.The average salary of $111,060 is strong, and with a cost of living index matching the national average, the purchasing power is significant. The slightly above-average concentration of these jobs also points to a healthy market.
Is Richmond, VA a good place to live for Computer and Mathematical Occupations?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($94,210) and Northern West Virginia nonmetropolitan area.
How does Richmond's salary compare to the national average for Computer and Mathematical Occupations?
The average salary in Richmond, VA ($111,060) is slightly below the national average ($119,220), but this is often balanced by local economic factors and cost of living.
What is the significance of Richmond's Location Quotient (LQ) for tech jobs?
An LQ of 1.05 indicates that Computer and Mathematical Occupations are slightly more concentrated in Richmond than the national average, suggesting a robust local industry and potentially more job opportunities relative to other sectors.
How does the Cost of Living in Richmond affect the salary for tech professionals?
Richmond's Cost of Living Index is 100, which is the national average. This means the $111,060 salary has the same purchasing power as the national average salary, making it financially comparable to living in many other parts of the country.
What is the total number of Computer and Mathematical Occupations jobs in Richmond, VA?
There are approximately 23,110 individuals employed in Computer and Mathematical Occupations in Richmond, VA, representing 35.402 jobs per 1,000 workers in the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 23,110 employees in the Richmond, VA area with a job density of 35.402 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Computer and Mathematical Occupations • Data source: BLS OEWS 2024 •Jobs in Richmond, VA