Average Construction and Extraction Occupations Salary in Richmond, VA
In Richmond, VA, professionals in Construction and Extraction Occupations earn an average annual salary of $55,390. This figure is notably below the national average of $64,030, suggesting that local market dynamics, such as demand and the availability of skilled labor, play a significant role in compensation within this sector.
Executive Summary
- Average Salary: $55,390 per year.
- Growth Trend: Salaries have shifted 16.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $79,570.
- Outlook: Richmond's construction and extraction sector is supported by a substantial local workforce of 28,630 individuals. With a Location Quotient of 1.06, the concentration of these jobs in Richmond is slightly above the national average, indicating a stable and potentially growing demand for these specialized skills within the region.
Salary Overview
The average Construction and Extraction Occupations in Richmond, VA earns-13.5%below the national average.
$26.6
$1,065
$4,616
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Construction and Extraction Occupations in Richmond, VA, have experienced a gradual upward trend over the past four years, mirroring national patterns of wage growth driven by inflation, increased demand for infrastructure, and evolving construction techniques.
Construction and Extraction Occupations Salary Distribution in Richmond, VA
Career progression within Construction and Extraction Occupations in Richmond, VA, typically leads to significant salary increases. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average, with higher percentile gaps reflecting substantial career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $36,620 | $17.6 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $41,543 | $20 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $49,570 | $23.8 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $69,238 | $33.3 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $79,570 | $38.3 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$55,390
Gross Pay
Real Wage (Purchasing Power)
$55,390
Adjusted for COL (100)
The average annual salary of $55,390 in Richmond, VA, aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a construction and extraction worker's salary in Richmond is equivalent to that of their national counterpart, offering a stable financial baseline for residents.
Job Market Context
28,630
Total Jobs
43.852
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Richmond, VA has a slightly higher-than-average concentration of Construction and Extraction Occupations roles compared to the national norm.
A Location Quotient of 1.06 signifies that Construction and Extraction Occupations are slightly more concentrated in Richmond, VA, than the national average. This suggests a healthy job market where demand is at least on par with, or slightly exceeds, the national distribution, potentially offering good opportunities for skilled workers.
Nearby Job Markets
Nearby Cities for Construction and Extraction Occupations
Comparing salaries near Richmond, VA
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Richmond, VA?
The median annual salary for a Construction and Extraction Occupations in Richmond, VA is $55,390. This typically ranges from $36,620 for entry-level positions to $79,570 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 13.5% lower than the national median of $64,030.
Is Richmond, VA a lucrative place for Construction and Extraction Occupationss?
Moderately. While the average salary is below the national average, the cost of living is also at the national average.The average salary of $55,390 is lower than the national average, but the Cost of Living Index of 100 indicates that your earnings will have comparable purchasing power to the national average.
Is Richmond, VA a good place to live for Construction and Extraction 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 ($51,300) and Northern West Virginia nonmetropolitan area.
How does Richmond's construction job market compare to the national average?
Richmond's market shows a slightly higher concentration of construction and extraction jobs, with a Location Quotient of 1.06, suggesting a robust local presence.
What is the average salary for construction workers in Richmond, VA?
The average annual salary for Construction and Extraction Occupations in Richmond, VA, is $55,390.
How does the cost of living in Richmond affect salary expectations?
Richmond's Cost of Living Index is 100, matching the national average, meaning the $55,390 salary has the same relative purchasing power as the national average salary.
What is the total workforce size for construction and extraction in Richmond?
There are 28,630 individuals employed in Construction and Extraction Occupations in Richmond, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 28,630 employees in the Richmond, VA area with a job density of 43.852 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Richmond, VA