Official Federal Data
Henrico County, Virginia
FIPS 51087 · Richmond, VA · Population 335,744
9 Sources
Updated June 22, 2026
$88,783 ▲
Median Income
$80,734 national
3.3% ▲
Unemployment
4% national
$37.6B ▲
GDP
46.5% ▲
Bachelor's+
35.7% national
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$88,783 ▲
Per Capita
$51,931 ▲
Mean Household
$125,297 ▲
Poverty Rate
8.8% ▼
Median Income Comparison
Henrico County$88,783
Virginia$93,170
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 21.9%
18-34 · 21.7%
35-54 · 26.8%
55-64 · 12.6%
65+ · 17%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
93.3%
High School+
National: 89.6%
▲ +3.7 pts
46.5%
Bachelor's+
National: 35.7%
▲ +10.8 pts
19.4%
Graduate+
National: 14.1%
▲ +5.3 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
335,744
Population
185,358
Labor Force
Employed
177,716
Unemployment Rate BLS LAUS 2025 annual
3.3% ▲ +0.3 pts YoY
Mean Commute 4 min below national avg
22.6 min
Work From Home vs 15.1% national
22.3%
Key Takeaways
- Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 10.8 pts, supports knowledge-economy and tech attraction.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Health Care and Social Assistance employs 27,470 workers (19.1% of tracked sectors), at an average wage of $67,176.
- Economic scale: Regional GDP of $37.6B (2024).
- Wage stratification: Finance and Insurance averages $142,756 while Accommodation and Food Services averages $27,828, a 5.1x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Finance & Insurance Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
8,002
Cluster Employment
2.48x
Peak LQ
Concentrated Sub-Sectors
Lessors of Nonfinancial Intangible Assets
3.35x 91
Insurance Carriers and Related Activities
2.48x 8,002
Management of Companies and Enterprises
2.43x 7,839
Electrical Equipment, Appliance Manufacturing
2.06x 1,103
Furniture, Home Furnishings, and Other Retailers
1.84x 1,760
Real Estate
1.66x 3,744
Couriers and Messengers
1.64x 2,285
Paper Manufacturing
1.61x 703
Telecommunications
1.60x 1,176
Beverage and Tobacco Product Manufacturing
1.54x 628
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.10x
Computer and Electronic Product Manufacturing
120 employed
0.19x
Plastics and Rubber Products Manufacturing
162 employed
0.19x
Publishing Industries and Telecommunications
207 employed
0.30x
Machinery Manufacturing
402 employed
0.33x
Nonmetallic Mineral Product Manufacturing
170 employed
Key Takeaways
- Top specialization: Lessors of Nonfinancial Intangible Assets concentrates at 3.35x the national norm, strong concentration that anchors the local economy and supports supply-chain attraction strategy.
- Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$359,200 ▲
Median Home Value vs 2019
$1,541 ▲
Rent/Mo
64.5% ▲
Owner-Occ
5.2% ▼
Vacancy
4.0x
Home Value to Income Ratio
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$1,442/mo
1 Bedroom
$1,507/mo
2 Bedroom
$1,655/mo
3 Bedroom
$2,072/mo
4 Bedroom
$2,553/mo
30% of monthly median household income (~$2,220/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- In line with national: Home value to income ratio of 4.0x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
- Affordable rent tiers: 4 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,220/mo).
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
205,272 ▲
Working Age (18-64) vs 2019
Mean Commute 4 min below national avg
22.6 min
Work From Home vs 15.1% national
22.3%
Prime-Age Employed (25-54)
86.3%
of prime-age population
▼ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
46.5% ▲
HS Diploma+
93.3% ▲
Regional / Statewide Institutions
Total credentials awarded
72,277/yr
25,513/yr
10,335/yr
10,020/yr
9,615/yr
9,087/yr
7,707/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
20.6%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
48%
Service
14.7%
Sales & Office
21.4%
Construction / Maint.
6.1%
Production / Transport
9.8%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 177,716 employed workers.
Key Takeaways
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 45,868 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Henrico County shows meaningful potential for lessors of nonfinancial intangible assets attraction, with a 3.35x concentration and 91 jobs in this sub-sector.
The interconnected base across lessors of nonfinancial intangible assets, insurance carriers and related activities, and management of companies and enterprises creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Henrico County, Virginia, from federal data sources.
What is the population of Henrico County, Virginia?
335,744 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Henrico County, Virginia?
$88,783 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Henrico County, Virginia?
3.3% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Henrico County, Virginia?
$37.6B (U.S. Bureau of Economic Analysis, CAGDP1).
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