Average Software Developers Salary in Richmond, VA
Software Developers in Richmond, VA, earn an average annual salary of $131,430. This figure is notably below the national average of $145,320, suggesting that while Richmond offers a stable market, compensation may be influenced by local economic factors and industry demand specific to the region.
Executive Summary
- Average Salary: $131,430 per year.
- Growth Trend: Salaries have shifted 15.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $190,430.
- Outlook: With a local workforce of 6,990 Software Developers, Richmond, VA, presents a substantial talent pool. The Location Quotient of 1.0 indicates that the concentration of these professionals aligns with the national average, suggesting a balanced and stable job market rather than one experiencing explosive growth or significant scarcity.
Salary Overview
The average Software Developers in Richmond, VA earns-9.6%below the national average.
$63.2
$2,528
$10,953
Software Developers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that the demand for skilled Software Developers has been on an upward trajectory nationwide over the past four years. This trend typically translates to salary increases, reflecting the growing importance of technology across all sectors and the ongoing need for specialized programming expertise.
Software Developers Salary Distribution in Richmond, VA
Salary progression for Software Developers in Richmond, VA, is intrinsically linked to experience and skill specialization. Entry-level positions typically command lower salaries, while senior developers with extensive experience and in-demand technical proficiencies can expect compensation significantly above the average. The gap between the 25th and 75th percentile salaries often signifies the potential for career advancement and increased earning power.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $74,960 | $36 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $98,573 | $47.4 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $130,760 | $62.9 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $164,288 | $79 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $190,430 | $91.6 |
Detailed Software Developers Market Analysis
Relocation Context
Nominal Salary
$131,430
Gross Pay
Real Wage (Purchasing Power)
$131,430
Adjusted for COL (100)
The average annual salary of $131,430 in Richmond, VA, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Software Developer's salary in Richmond is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
6,990
Total Jobs
10.706
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Richmond, VA has a slightly higher-than-average concentration of Software Developers roles compared to the national norm.
A Location Quotient of 1.0 for Software Developers in Richmond, VA, signifies that the industry's presence and employment concentration are precisely at the national average. This suggests a mature and competitive job market where opportunities are readily available, but rapid expansion or a significant talent deficit is not currently a defining characteristic.
Nearby Job Markets
Nearby Cities for Software Developers
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Software Developers Salary | $130,930↓ 0% | 41 mi |
| Northern West Virginia nonmetropolitan area Software Developers Salary | $112,970↓ 14% | 41 mi |
| Southwest Virginia nonmetropolitan area Software Developers Salary | $117,740↓ 10% | 41 mi |
| Northwest Virginia nonmetropolitan area Software Developers Salary | $130,810↓ 0% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Software Developerss?
Frequently Asked Questions
How much does a Software Developers make in Richmond, VA?
The median annual salary for a Software Developers in Richmond, VA is $131,430. This typically ranges from $74,960 for entry-level positions to $190,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 9.6% lower than the national median of $145,320.
Is Richmond, VA a lucrative place for Software Developers?
Yes, Richmond, VA offers a competitive salary for Software Developers.The average salary of $131,430 is strong, and with a cost of living at the national average, it provides good purchasing power. The stable job market also indicates consistent opportunities.
Is Richmond, VA a good place to live for Software Developers?
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 ($130,930) and Northern West Virginia nonmetropolitan area.
How does Richmond's Software Developer salary compare to the national average?
The average salary for Software Developers in Richmond, VA, is $131,430, which is slightly below the national average of $145,320.
What is the cost of living in Richmond, VA for Software Developers?
Richmond, VA, has a cost of living index of 100, which is exactly the national average, meaning the expenses for goods and services are comparable to the rest of the country.
How many Software Developers are there in Richmond, VA?
There are approximately 6,990 Software Developers working in Richmond, VA, representing 10.706 jobs per 1,000 workers in the local economy.
Is the job market for Software Developers in Richmond, VA growing rapidly?
The Location Quotient of 1.0 suggests the market is stable and aligned with national averages, indicating steady but not exceptionally rapid growth in demand for Software Developers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,990 employees in the Richmond, VA area with a job density of 10.706 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Software Developers • Data source: BLS OEWS 2024 •Jobs in Richmond, VA