Average Construction Managers Salary in Richmond, VA
Construction Managers in Richmond, VA, earn an average annual salary of $118,980. This figure is remarkably close to the national average of $119,770, indicating a stable and competitive compensation landscape within the region. The local economic drivers and demand for skilled construction leadership contribute to this parity.
Executive Summary
- Average Salary: $118,980 per year.
- Growth Trend: Salaries have shifted 20.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $171,240.
- Outlook: With a local workforce of 1,230 Construction Managers and a Location Quotient of 0.83, Richmond presents a moderately concentrated but stable job market. The figure of 1.885 jobs per 1,000 workers suggests consistent, albeit not exceptionally high, demand for these professionals, pointing to a steady employment environment.
Salary Overview
The average Construction Managers in Richmond, VA earns-0.7%below the national average.
$57.2
$2,288
$9,915
Construction Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Construction Managers in Richmond, VA, have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased construction activity, and evolving project complexities likely contribute to upward salary adjustments.
Construction Managers Salary Distribution in Richmond, VA
The career trajectory for Construction Managers in Richmond, VA, typically involves significant salary growth with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with extensive project management expertise and a proven track record can command salaries well into the upper percentiles, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,680 | $36.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,235 | $42.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,290 | $49.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $148,725 | $71.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $171,240 | $82.3 |
Detailed Construction Managers Market Analysis
Relocation Context
Nominal Salary
$118,980
Gross Pay
Real Wage (Purchasing Power)
$118,980
Adjusted for COL (100)
The average annual salary of $118,980 in Richmond, VA, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Construction Manager's salary in Richmond is equivalent to the national average, offering a stable financial outlook for those considering a move to the area.
Job Market Context
1,230
Total Jobs
1.885
Per 1K Jobs
0.83
Location Quotient
Richmond, VA has 0.83x the national average concentration of Construction Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.83 indicates that Construction Managers are slightly less concentrated in Richmond, VA, compared to the national average. This suggests a healthy job market where demand is present but not oversaturated, offering good opportunities for skilled professionals without intense competition.
Nearby Job Markets
Nearby Cities for Construction Managers
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Construction Managers Salary | $101,370↓ 15% | 41 mi |
| Northern West Virginia nonmetropolitan area Construction Managers Salary | $88,570↓ 26% | 41 mi |
| Southwest Virginia nonmetropolitan area Construction Managers Salary | $113,040↓ 5% | 41 mi |
| Northwest Virginia nonmetropolitan area Construction Managers Salary | $96,800↓ 19% | 41 mi |
| Southern West Virginia nonmetropolitan area Construction Managers Salary | $87,880↓ 26% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Construction Managerss?
Frequently Asked Questions
How much does a Construction Managers make in Richmond, VA?
The median annual salary for a Construction Managers in Richmond, VA is $118,980. This typically ranges from $76,680 for entry-level positions to $171,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 0.7% lower than the national median of $119,770.
Is Richmond, VA a lucrative place for Construction Managers?
Yes, Richmond, VA offers a lucrative environment for Construction Managers.The average salary of $118,980 is nearly on par with the national average, and the cost of living is also at the national average, indicating strong purchasing power for these professionals.
Is Richmond, VA a good place to live for Construction Managers?
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 ($101,370) and Northern West Virginia nonmetropolitan area.
How does Richmond's Construction Manager salary compare to the national average?
The average salary in Richmond, VA ($118,980) is very close to the national average ($119,770), suggesting comparable earning potential.
What is the job market like for Construction Managers in Richmond, VA?
The market is moderately concentrated with a stable demand, indicated by a Location Quotient of 0.83 and 1.885 jobs per 1,000 workers.
Does the cost of living in Richmond affect the value of a Construction Manager's salary?
No, the cost of living in Richmond is at the national average (100), meaning the $118,980 salary has the same purchasing power as the national average salary.
How many Construction Managers are there in Richmond, VA?
There are approximately 1,230 Construction Managers employed in the Richmond, VA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,230 employees in the Richmond, VA area with a job density of 1.885 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 Managers • Data source: BLS OEWS 2024 •Jobs in Richmond, VA