Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $31,622 | $54,850 |
| Annual taxes | $7,758 | $13,456 |
| Required annual income before taxes | $39,380 | $68,306 |
What salary do you need to live comfortably in Richmond VA?
A family of four would need $6,950 per month or $83,400 per year for a comfortable, modest lifestyle in the Richmond metro area. This includes $1,050 in housing expenses, $800 for food, $1,275 for child care, and $1,000 in taxes. The cost of living in the city of Richmond is slightly lower at $6,650 per month.
Is Richmond cost of living high?
The Richmond Region offers a high quality of life on par with the national average cost. According to the Center for Community and Economic Research’s Cost of Living Index, Annual Average 2021, our region’s overall cost of living is almost four percent below the national average, 96.1 and 100.0, respectively.
What is a good salary to live comfortably in Virginia?
Virginia is one of the most expensive states in America, according to the Economic Policy Institute. The cheapest metro area to live in is Richmond at about $83,000 a year, while you need to earn over $110,000 a year to live in many parts of Fairfax and Loudon Counties.
What is a liveable salary in Virginia?
$930 is the 25th percentile. Wages below this are outliers. $1,879 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Virginia.
| City | Virginia Beach |
|---|---|
| Annual Salary | $64,710 |
| Monthly Pay | $5,393 |
| Weekly Pay | $1,244 |
| Hourly Wage | $31.11 |
What is minimum wage for a 21 year old?
£9.18 an
Age 18-20 – £6.83 an hour. Age 21-22 – £9.18 an hour. Age 23+ – £9.50 an hour (National Living Wage).
What is the average hourly wage in Virginia?
$26
Hourly Rate Salary in Virginia
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $81,105 | $39 |
| 75th Percentile | $49,835 | $24 |
| Average | $54,703 | $26 |
| 25th Percentile | $28,826 | $14 |
Is Richmond Virginia safe?
How safe is Richmond, VA? The metropolitan area’s violent crime rate was lower than the national rate in 2020. Its rate of property crime was higher than the national rate.
Is Richmond a nice place to live?
Richmond is steeped in history and, with two award-winning theatres, an art gallery and a museum, the town has much to offer connoisseurs of culture. In summary, Richmond is a wonderful town; vibrant, friendly, prosperous, accessible, beautiful and cultural.
What is Richmond known for?
And like other best places to visit in the commonwealth, Richmond boasts some impressive American Revolution sites (like St. John’s Church) and an extensive chronicle of Civil War memorabilia (found in The American Civil War Museum or the Virginia Historical Society).
What is middle class income in Virginia?
(The Center Square) – In Virginia, households must earn a minimum of $32,507 per year to be considered middle class, with the upper earnings boundary set at $156,063, according to a new 24/7 Wall St. analysis.
What’s the base pay in Virginia?
The new minimum wage in Virginia increased to $9.50 on May 1, 2021, up from $7.25 per hour the previous year. This is $2.25 more than the federal minimum wage. Unlike other states, Virginia does not exempt tipped workers from the state mandated minimum wage.
What are the highest paying jobs in Virginia?
Top Paying jobs in Virginia
- HVAC Technician. Southern Trust Home Services, Inc4.2.
- PCA Caregiver. Commonwise Home Care4.6.
- CNA/PCA Caregiver. Commonwise Home Care4.6.
- Caregiver. Commonwise Home Care4.6.
- Sales Training Specialist.
- Territorial Sales.
- Insurance Agent-York Office.
- Entry Level CDL-A Truck Driver – Earn Top Pay FAST!
What is a good yearly salary in Virginia?
As of Jul 28, 2022, the average annual pay for the Above Average jobs category in Virginia is $54,767 a year. Just in case you need a simple salary calculator, that works out to be approximately $26.33 an hour.
What is the average cost of living in Virginia?
Average Cost of Living in Virginia: $42,757 per year.
How many hours can a 16 work?
Young people can’t work more than eight hours a day or more than 40 hours a week. Unlike adults, there is no opt out for this. If you work for two different employers on the same day, you still can’t work more than a total of eight hours. In England you must be in part-time education or training until your 18th
What is Living Wage 2022?
Details
| Previous rate | Rate from April 2022 | |
|---|---|---|
| National Living Wage | £8.91 | £9.50 |
| 21-22 Year Old Rate | £8.36 | £9.18 |
| 18-20 Year Old Rate | £6.56 | £6.83 |
| 16-17 Year Old Rate | £4.62 | £4.81 |
How many hours a week can a 16 year old work?
15 to 16 year olds can only work for up to 8 hours per day and up to 35 hours a week in the holidays.
Which state has the highest minimum wage?
Excluding Washington, D.C.’s $15.20 hourly minimum wage, California has the highest in the country at $14 per hour. Washington and Massachusetts are close behind, with $13.69 per hour and $13.50 per hour, respectively.
What is Virginia 2022 minimum wage?
If no changes are passed in 2022, Virginia will increase its minimum wage to $12 per hour next year and will study the impact of increasing it to $15 before lawmakers vote on that change during the 2024 legislative session.
What is the median salary in Virginia?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 28.6 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $76,398 |