Richmond, VA local economy

Richmond, VA ranks in the 86th percentile of United States metros as of September 2026, with momentum flat over the past 12 months.

New business applications or registrations was 27,408 in January 2025, up 16.6% from January 2024. Dwelling units authorized by permit was 705 in July 2026.

Frequently asked questions

How does Richmond, VA rank among United States metros?

Richmond, VA ranks in the 86th percentile of United States metros as of September 2026, with momentum flat over the past 12 months.

What is the new business applications or registrations in Richmond, VA?

New business applications or registrations in Richmond, VA was 27,408 in January 2025.

What is the dwelling units authorized by permit in Richmond, VA?

Dwelling units authorized by permit in Richmond, VA was 705 in July 2026.

What is the payrolled or covered employment in Richmond, VA?

Payrolled or covered employment in Richmond, VA was 666,479 in January 2026.

Nearby and related

• United States overview
• Tallahassee, FL
• Cape Coral-Fort Myers, FL
• Knoxville, TN
• Greenville-Anderson-Greer, SC
• Naples-Marco Island, FL
• Harrisburg-Carlisle, PA
• Seattle-Tacoma-Bellevue, WA
• Helena, MT
• Columbus, IN
• Dallas-Fort Worth-Arlington, TX

Sources and methodology

• U.S. Census Bureau — Business Formation Statistics (BFS)
• U.S. Census Bureau — Building Permits Survey (BPS), CBSA monthly
• U.S. Bureau of Labor Statistics — Quarterly Census of Employment and Wages (QCEW), national all-industry

Method: 2026.09. Updated 2026-09-10. Coverage: 100% of weighted components available.

Embed this badge

Free to use on your own site, a newsletter, or a council report. Links back to this page.

<a href="https://localeconomy.com/us/metro/richmond-va/" target="_blank" rel="noopener"><img src="https://localeconomy.com/badges/us/richmond-va.svg" width="320" height="110" alt="Richmond, VA local economy score, via LocalEconomy.com" /></a>

Cite this page