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Average Data Scientists Salary in Richmond, VA

Data Scientists in Richmond, VA, command an impressive average annual salary of $127,090, slightly surpassing the national average of $126,010. This competitive compensation reflects the growing demand for advanced analytical skills within the region's evolving economic landscape. Factors such as local industry needs and the concentration of specialized talent contribute to this favorable pay.

Executive Summary

  • Average Salary: $127,090 per year.
  • Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $206,540.
  • Outlook: Richmond, VA, hosts a robust workforce of 880 Data Scientists, indicating a significant presence in the analytics sector. While the Location Quotient of 0.89 suggests a slightly lower concentration compared to the national average, the 1.35 jobs per 1,000 workers metric points to a healthy and consistent demand for these professionals within the local job market.
2024 Market Data

Salary Overview

$127,090

The average Data Scientists in Richmond, VA earns+0.9%above the national average.

BreakdownBased on 40h/week
Hourly

$61.1

Weekly

$2,444

Monthly

$10,591

Data Scientists Salary Distribution in Richmond, VA

The salary trajectory for Data Scientists in Richmond, VA, typically shows a significant increase with experience. Entry-level positions might start considerably lower, while senior Data Scientists, with their specialized expertise and proven track record, can command salaries well above the average. The widening percentile gaps from junior to senior roles clearly signify substantial career progression and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$70,870$34.1
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$95,318$45.8
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$117,020$56.3
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$158,863$76.4
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$206,540$99.3

Detailed Data Scientists Market Analysis

Relocation Context

Nominal Salary

$127,090

Gross Pay

Real Wage (Purchasing Power)

$127,090

Adjusted for COL (100)

For Data Scientists considering a move to Richmond, VA, the average salary of $127,090 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial foundation without the added pressure of higher living expenses often associated with more expensive metropolitan areas.

Job Market Context

880

Total Jobs

1.35

Per 1K Jobs

0.89

Location Quotient

Below Average

Richmond, VA has 0.89x the national average concentration of Data Scientists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

With a Location Quotient of 0.89, Richmond, VA, presents a job market for Data Scientists that is slightly less concentrated than the national average. This suggests that while the demand is present, the competition might be less intense compared to major tech hubs, potentially offering a more accessible entry point or career advancement opportunities for skilled professionals.

Nearby Job Markets

Hiring Data Scientistss?

Frequently Asked Questions

How much does a Data Scientists make in Richmond, VA?

The median annual salary for a Data Scientists in Richmond, VA is $127,090. This typically ranges from $70,870 for entry-level positions to $206,540 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Richmond, VA is 0.9% higher than the national median of $126,010.

Is Richmond, VA a lucrative place for Data Scientists?

Yes, Richmond, VA is a lucrative place for Data Scientists.The average salary of $127,090 is slightly above the national average, and the cost of living is right at the national average, offering excellent purchasing power.

Is Richmond, VA a good place to live for Data Scientists?

The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.

How does the Richmond, VA Data Scientist salary compare to the national average?

The average annual salary for Data Scientists in Richmond, VA, is $127,090, which is slightly higher than the national average of $126,010.

What is the concentration of Data Scientists in Richmond, VA?

Richmond, VA has a Location Quotient of 0.89 for Data Scientists, indicating a concentration that is slightly below the national average.

How many Data Scientist jobs are there per 1,000 workers in Richmond, VA?

There are approximately 1.35 Data Scientist jobs per 1,000 workers in Richmond, VA.

What is the cost of living in Richmond, VA compared to the national average?

Richmond, VA has a Cost of Living Index of 100, which is exactly the same as the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 880 employees in the Richmond, VA area with a job density of 1.35 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Data Scientists • Data source: BLS OEWS 2024 •Jobs in Richmond, VA