Average General and Operations Managers Salary in Richmond, VA
General and Operations Managers in Richmond, VA, earn an average annual salary of $131,520, a figure that closely mirrors the national average of $132,920. This slight divergence from the national benchmark is influenced by a combination of local industry demands, the specific economic landscape of Virginia, and the overall cost of doing business within the Richmond metropolitan area.
Executive Summary
- Average Salary: $131,520 per year.
- Growth Trend: Salaries have shifted 0.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $227,670.
- Outlook: With a substantial local workforce of 14,720 General and Operations Managers, Richmond presents a robust employment environment for these professionals. The Location Quotient of 0.97 indicates that the concentration of these roles in Richmond is nearly on par with the national average, suggesting a stable and consistent demand for skilled management talent within the region's diverse industries.
Salary Overview
The average General and Operations Managers in Richmond, VA earns-1.1%below the national average.
$63.2
$2,529
$10,960
General and Operations Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for General and Operations Managers in Richmond has experienced steady growth over the past four years, aligning with broader economic trends and inflation. This anticipated upward trajectory in compensation reflects the increasing value placed on effective operational leadership and strategic management across various sectors.
General and Operations Managers Salary Distribution in Richmond, VA
The career path for General and Operations Managers typically involves significant salary progression based on experience. Entry-level positions might start at lower percentiles, while seasoned professionals with extensive leadership experience and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles underscores the substantial earning potential and career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,540 | $26.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,640 | $47.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,840 | $50.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $164,400 | $79 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $227,670 | $109.5 |
Detailed General and Operations Managers Market Analysis
Relocation Context
Nominal Salary
$131,520
Gross Pay
Real Wage (Purchasing Power)
$131,520
Adjusted for COL (100)
The average annual salary of $131,520 in Richmond, VA, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a General and Operations Manager's salary in Richmond is equivalent to that of their national counterparts, offering a stable financial foundation without significant adjustments needed for daily expenses.
Job Market Context
14,720
Total Jobs
22.539
Per 1K Jobs
0.97
Location Quotient
Richmond, VA has 0.97x the national average concentration of General and Operations 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 0.97 for General and Operations Managers in Richmond signifies a job market that is highly representative of the national landscape. This indicates a healthy balance between the supply of and demand for these professionals, suggesting that while competition exists, there are ample opportunities for qualified individuals to find fulfilling and well-compensated roles within the region.
Nearby Job Markets
Nearby Cities for General and Operations Managers
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area General and Operations Managers Salary | $104,910↓ 20% | 41 mi |
| Northern West Virginia nonmetropolitan area General and Operations Managers Salary | $98,760↓ 25% | 41 mi |
| Southwest Virginia nonmetropolitan area General and Operations Managers Salary | $106,100↓ 19% | 41 mi |
| Northwest Virginia nonmetropolitan area General and Operations Managers Salary | $104,520↓ 21% | 41 mi |
| Southern West Virginia nonmetropolitan area General and Operations Managers Salary | $93,770↓ 29% | 41 mi |
Comparing salaries near Richmond, VA
Hiring General and Operations Managerss?
Frequently Asked Questions
How much does a General and Operations Managers make in Richmond, VA?
The median annual salary for a General and Operations Managers in Richmond, VA is $131,520. This typically ranges from $54,540 for entry-level positions to $227,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 1.1% lower than the national median of $132,920.
Is Richmond, VA a lucrative place for General and Operations Managerss?
Yes, Richmond, VA offers a competitive compensation landscape for General and Operations Managers.The average salary of $131,520 is nearly on par with the national average, and the cost of living is also at the national average, ensuring strong purchasing power.
Is Richmond, VA a good place to live for General and Operations 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 ($104,910) and Northern West Virginia nonmetropolitan area.
How does Richmond's job market compare to the national average for this role?
Richmond's job market for General and Operations Managers is very close to the national average, with a Location Quotient of 0.97, indicating a similar concentration of these jobs relative to the overall workforce.
What is the significance of the 'Jobs per 1,000 Workers' metric?
The figure of 22.539 jobs per 1,000 workers suggests that General and Operations Manager roles are a notable component of Richmond's employment structure, indicating consistent demand.
How does experience impact salary for Operations Managers in Richmond?
As with most management roles, experience is a key driver of salary. More experienced General and Operations Managers in Richmond can expect to earn significantly more than those in entry-level positions, reflecting increased responsibility and expertise.
Is relocation to Richmond financially advantageous for an Operations Manager?
Given that Richmond's cost of living is exactly at the national average (100), the nominal salary of $131,520 provides purchasing power equivalent to the national average, making it a financially stable choice.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 14,720 employees in the Richmond, VA area with a job density of 22.539 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for General and Operations Managers • Data source: BLS OEWS 2024 •Jobs in Richmond, VA