In Richmond, VA, Electrical and Electronics Repairers, Commercial and Industrial Equipment earn an average annual salary of $69,760. This figure is slightly below the national average of $71,580, indicating a localized pay structure influenced by regional economic factors and industry demand within the state. The proximity to the national average suggests a balanced market where local conditions closely mirror broader trends.
Executive Summary
- Average Salary: $69,760 per year.
- Growth Trend: Salaries have shifted 6.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $85,490.
- Outlook: The job market for Electrical and Electronics Repairers in Richmond, VA, appears robust, with a total local workforce of 270 individuals. The Location Quotient of 1.05 signifies a slightly higher concentration of these professionals compared to the national average, suggesting a stable and potentially growing demand for their specialized skills within the region.
Salary Overview
The average Electrical and Electronics Repairers, Commercial and Industrial Equipment in Richmond, VA earns-2.5%below the national average.
$33.5
$1,342
$5,813
Electrical and Electronics Repairers, Commercial and Industrial Equipment Salary Trends (2020-2024)
While specific historical data for Richmond, VA, is not provided, it is reasonable to assume that salaries for Electrical and Electronics Repairers, Commercial and Industrial Equipment have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for skilled technicians, and advancements in technology requiring specialized repair expertise.
Electrical and Electronics Repairers, Commercial and Industrial Equipment Salary Distribution in Richmond, VA
Career progression for Electrical and Electronics Repairers, Commercial and Industrial Equipment in Richmond, VA, is typically marked by increasing salary levels. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized certifications can expect to earn significantly more, potentially reaching the higher percentiles of the salary range. These percentile gaps reflect the value placed on accumulated knowledge and problem-solving capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $47,800 | $23 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $52,320 | $25.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $69,680 | $33.5 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $87,200 | $41.9 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $85,490 | $41.1 |
Detailed Electrical and Electronics Repairers, Commercial and Industrial Equipment Market Analysis
Relocation Context
Nominal Salary
$69,760
Gross Pay
Real Wage (Purchasing Power)
$69,760
Adjusted for COL (100)
The nominal average salary of $69,760 in Richmond, VA, is perfectly aligned with the local Cost of Living Index of 100, which matches the national average. This means that the purchasing power of an Electrical and Electronics Repairer's salary in Richmond is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
270
Total Jobs
0.409
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Richmond, VA has a slightly higher-than-average concentration of Electrical and Electronics Repairers, Commercial and Industrial Equipment roles compared to the national norm.
With a Location Quotient of 1.05, Richmond, VA, exhibits a slightly higher concentration of Electrical and Electronics Repairers, Commercial and Industrial Equipment professionals than the national average. This suggests a competitive yet accessible job market where demand is present and potentially slightly outstripping the national average supply, offering good opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Electrical and Electronics Repairers, Commercial and Industrial Equipment
Comparing salaries near Richmond, VA
Hiring Electrical and Electronics Repairers, Commercial and Industrial Equipments?
Frequently Asked Questions
How much does a Electrical and Electronics Repairers, Commercial and Industrial Equipment make in Richmond, VA?
The median annual salary for a Electrical and Electronics Repairers, Commercial and Industrial Equipment in Richmond, VA is $69,760. This typically ranges from $47,800 for entry-level positions to $85,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 2.5% lower than the national median of $71,580.
Is Richmond, VA a lucrative place for Electrical and Electronics Repairers, Commercial and Industrial Equipments?
Yes, Richmond, VA offers a competitive salary for this role.The average salary of $69,760 is very close to the national average, and the cost of living is exactly at the national average, making it a financially stable location.
Is Richmond, VA a good place to live for Electrical and Electronics Repairers, Commercial and Industrial Equipments?
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 ($64,260) and Northern West Virginia nonmetropolitan area.
How does Richmond's salary compare to the national average for this role?
The average annual salary in Richmond, VA, is $69,760, which is slightly lower than the national average of $71,580.
What is the concentration of Electrical and Electronics Repairers in Richmond, VA?
Richmond, VA has a Location Quotient of 1.05 for this profession, indicating a slightly higher concentration of these workers compared to the national average.
How does the cost of living in Richmond, VA affect the salary?
Richmond's Cost of Living Index is 100, matching the national average. This means the $69,760 salary has purchasing power equivalent to the national average.
What does the job market look like for this role in Richmond, VA?
With a local workforce of 270 and a Location Quotient slightly above average, the job market is stable with potentially good demand for skilled Electrical and Electronics Repairers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Richmond, VA area with a job density of 0.409 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Electrical and Electronics Repairers, Commercial and Industrial Equipment Salaries by State
Top Jobs in Richmond, VA
- All Occupations Salary in Richmond, VA
- Office and Administrative Support Occupations Salary in Richmond, VA
- Transportation and Material Moving Occupations Salary in Richmond, VA
- Sales and Related Occupations Salary in Richmond, VA
- Business and Financial Operations Occupations Salary in Richmond, VA
- Food Preparation and Serving Related Occupations Salary in Richmond, VA
- Healthcare Practitioners and Technical Occupations Salary in Richmond, VA
- Management Occupations Salary in Richmond, VA
- Educational Instruction and Library Occupations Salary in Richmond, VA
- Construction and Extraction Occupations Salary in Richmond, VA
- Browse All Jobs in Richmond, VA →
Semantic Salary Analysis for Electrical and Electronics Repairers, Commercial and Industrial Equipment • Data source: BLS OEWS 2024 •Jobs in Richmond, VA