Average Industrial Engineers Salary in Richmond, VA
Industrial Engineers in Richmond, VA, command an impressive average annual salary of $109,380. This figure slightly surpasses the national average of $107,860, indicating a strong local demand for these critical roles. The specific economic landscape and industry presence within Richmond contribute to this competitive compensation.
Executive Summary
- Average Salary: $109,380 per year.
- Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,660.
- Outlook: Richmond, VA, hosts a notable workforce of 830 Industrial Engineers. While the Location Quotient of 0.56 suggests a concentration below the national average, the presence of over 1.2 jobs per 1,000 workers indicates a steady demand for skilled professionals in this sector within the region.
Salary Overview
The average Industrial Engineers in Richmond, VA earns+1.4%above the national average.
$52.6
$2,103
$9,115
Industrial Engineers Salary Trends (2020-2024)
While specific historical data for Richmond is not provided, it is reasonable to assume that Industrial Engineer salaries in the area have experienced consistent growth over the past four years, mirroring national trends. This upward trajectory is driven by evolving industry needs, technological advancements, and the ongoing importance of process optimization.
Industrial Engineers Salary Distribution in Richmond, VA
Salary progression for Industrial Engineers in Richmond, VA, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while senior engineers with extensive expertise and specialized skills can command salaries well into the upper percentiles, reflecting their increased value and contribution to organizational efficiency.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $68,950 | $33.1 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $82,035 | $39.4 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $100,720 | $48.4 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $136,725 | $65.7 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $155,660 | $74.8 |
Detailed Industrial Engineers Market Analysis
Relocation Context
Nominal Salary
$109,380
Gross Pay
Real Wage (Purchasing Power)
$109,380
Adjusted for COL (100)
The average annual salary of $109,380 in Richmond, VA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Industrial Engineer's salary in Richmond is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
830
Total Jobs
1.267
Per 1K Jobs
0.56
Location Quotient
Richmond, VA has 0.56x the national average concentration of Industrial Engineers 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 0.56, Richmond, VA, has a lower concentration of Industrial Engineers compared to the national average. This suggests that while the demand is present, the market may be less saturated, potentially offering more opportunities for skilled professionals to find positions and negotiate favorable terms.
Nearby Job Markets
Nearby Cities for Industrial Engineers
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Industrial Engineers Salary | $95,930↓ 12% | 41 mi |
| Northern West Virginia nonmetropolitan area Industrial Engineers Salary | $105,630↓ 3% | 41 mi |
| Southwest Virginia nonmetropolitan area Industrial Engineers Salary | $92,440↓ 15% | 41 mi |
| Northwest Virginia nonmetropolitan area Industrial Engineers Salary | $117,640↑ 8% | 41 mi |
| Southern West Virginia nonmetropolitan area Industrial Engineers Salary | $87,560↓ 20% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Industrial Engineerss?
Frequently Asked Questions
How much does a Industrial Engineers make in Richmond, VA?
The median annual salary for a Industrial Engineers in Richmond, VA is $109,380. This typically ranges from $68,950 for entry-level positions to $155,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 1.4% higher than the national median of $107,860.
Is Richmond, VA a lucrative place for Industrial Engineers?
Yes, Richmond, VA offers a lucrative environment for Industrial Engineers.The average salary of $109,380 is higher than the national average, and with a cost of living at the national average, your earnings maintain strong purchasing power.
Is Richmond, VA a good place to live for Industrial Engineers?
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 ($95,930) and Northern West Virginia nonmetropolitan area.
How does Richmond's Industrial Engineer salary compare to the national average?
Industrial Engineers in Richmond, VA, earn an average of $109,380 annually, which is slightly above the national average of $107,860.
What is the job market like for Industrial Engineers in Richmond, VA?
The job market shows steady demand with 1.267 jobs per 1,000 workers, though the concentration (Location Quotient) is below the national average, indicating less saturation.
Does the cost of living in Richmond affect the value of an Industrial Engineer's salary?
No, the cost of living in Richmond is exactly at the national average (100), meaning the $109,380 salary has the same purchasing power as the national average salary.
How many Industrial Engineers are employed in Richmond, VA?
Richmond, VA, is home to approximately 830 Industrial Engineers, contributing to the local industrial and engineering sectors.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 830 employees in the Richmond, VA area with a job density of 1.267 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Engineers • Data source: BLS OEWS 2024 •Jobs in Richmond, VA