Average Installation, Maintenance, and Repair Occupations Salary in Richmond, VA
In Richmond, VA, professionals in Installation, Maintenance, and Repair Occupations earn an average annual salary of $60,940. This figure is slightly below the national average of $61,410, suggesting a near-parity in compensation. Local economic factors and industry demand within the Richmond metropolitan area play a significant role in shaping this pay scale.
Executive Summary
- Average Salary: $60,940 per year.
- Growth Trend: Salaries have shifted 13.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $90,230.
- Outlook: With a substantial local workforce of 26,230 individuals in Installation, Maintenance, and Repair Occupations, Richmond, VA demonstrates a robust presence in this sector. The location quotient of 1.02 indicates that this field is slightly more concentrated in Richmond than the national average, suggesting a stable and potentially growing demand for skilled professionals in these roles.
Salary Overview
The average Installation, Maintenance, and Repair Occupations in Richmond, VA earns-0.8%below the national average.
$29.3
$1,172
$5,078
Installation, Maintenance, and Repair Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Installation, Maintenance, and Repair Occupations in Richmond, VA have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for skilled trades typically drive upward salary adjustments in such fields.
Installation, Maintenance, and Repair Occupations Salary Distribution in Richmond, VA
Career progression within Installation, Maintenance, and Repair Occupations in Richmond, VA, typically sees a significant salary increase from entry-level to senior positions. While exact percentile data is unavailable, the typical salary range widens considerably with experience, reflecting the acquisition of specialized skills, certifications, and leadership responsibilities. These gaps in earning potential highlight clear pathways for career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $36,350 | $17.5 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $45,705 | $22 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $58,720 | $28.2 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $76,175 | $36.6 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $90,230 | $43.4 |
Detailed Installation, Maintenance, and Repair Occupations Market Analysis
Relocation Context
Nominal Salary
$60,940
Gross Pay
Real Wage (Purchasing Power)
$60,940
Adjusted for COL (100)
The average annual salary of $60,940 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 the salary in Richmond is equivalent to the national average, offering a stable financial foundation for residents without significant adjustments needed for daily expenses.
Job Market Context
26,230
Total Jobs
40.171
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Richmond, VA has a slightly higher-than-average concentration of Installation, Maintenance, and Repair Occupations roles compared to the national norm.
Richmond, VA's location quotient of 1.02 for Installation, Maintenance, and Repair Occupations signifies a job market that is very close to the national average in terms of concentration. This suggests a balanced market where the number of professionals aligns well with the available job opportunities, indicating moderate competition and steady demand.
Nearby Job Markets
Nearby Cities for Installation, Maintenance, and Repair Occupations
Comparing salaries near Richmond, VA
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Frequently Asked Questions
How much does a Installation, Maintenance, and Repair Occupations make in Richmond, VA?
The median annual salary for a Installation, Maintenance, and Repair Occupations in Richmond, VA is $60,940. This typically ranges from $36,350 for entry-level positions to $90,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 0.8% lower than the national median of $61,410.
Is Richmond, VA a lucrative place for Installation, Maintenance, and Repair Occupationss?
Yes, Richmond, VA offers a competitive earning potential for Installation, Maintenance, and Repair Occupations.The average salary of $60,940 is nearly on par with the national average, and the cost of living is exactly at the national average, making it a financially stable location for these roles.
Is Richmond, VA a good place to live for Installation, Maintenance, and Repair Occupations?
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 ($56,320) and Northern West Virginia nonmetropolitan area.
How does Richmond's salary compare to the national average for this field?
The average annual salary in Richmond, VA, is $60,940, which is very close to the national average of $61,410, indicating comparable compensation levels.
Is there high demand for Installation, Maintenance, and Repair workers in Richmond?
With a location quotient of 1.02, the field is slightly more concentrated in Richmond than the national average, suggesting a healthy and stable demand for these professionals.
What is the impact of the Cost of Living in Richmond on salaries?
Richmond's Cost of Living Index is 100, matching the national average. This means the $60,940 salary has the same purchasing power locally as the national average salary does nationwide.
How many Installation, Maintenance, and Repair jobs are there per thousand workers in Richmond?
There are approximately 40.171 jobs per 1,000 workers in Installation, Maintenance, and Repair Occupations in Richmond, VA, reflecting the sector's presence in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 26,230 employees in the Richmond, VA area with a job density of 40.171 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Installation, Maintenance, and Repair Occupations • Data source: BLS OEWS 2024 •Jobs in Richmond, VA