A person working in Virginia typically earns around 101,000 USD per year. Salaries range from 25,500 USD (lowest average) to 449,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
What is a good salary in Virginia?
As of Jul 31, 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. This is the equivalent of $1,053/week or $4,564/month.
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 good hourly wage in Virginia?
$13.86 is the 25th percentile. Wages below this are outliers. $38.99 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Virginia.
| City | Virginia Beach |
|---|---|
| Annual Salary | $52,659 |
| Monthly Pay | $4,388 |
| Weekly Pay | $1,013 |
| Hourly Wage | $25.32 |
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 average cost of living in Virginia?
Average Cost of Living in Virginia: $42,757 per year.
How do people get rich in Virginia?
In Virginia, you’ll need to earn $584,000 or more to be considered ‘rich’. Technically, Washington, D.C., which isn’t a state, has the highest AGI to be considered one of the highest earners at $918,000.
What is a comfortable wage?
This popular general budgeting rule allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings. The median necessary living wage across the entire US is $67,690.
What is the average annual income in Virginia?
Table
| Population | |
|---|---|
| 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 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $41,255 |
Is it cheaper to live in Maryland or Virginia?
Maryland is 3.7% more expensive than Virginia.
How much does a waitress in Va make?
11 US Virgin Islands.
Minimum Wages for Tipped Employees.
| Jurisdiction | Virginia |
|---|---|
| Basic Combined Cash & Tip Minimum Wage Rate | $11.00 |
| Maximum Tip Credit Against Minimum Wage | $8.87 |
| Minimum Cash Wage 1 | $2.13 |
| Definition of Tipped Employee by Minimum Tips received (monthly unless otherwise specified) | More than $30 |
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 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 upper class in Virginia?
As of Jul 29, 2022, the average annual pay for the Upper Class jobs category in Virginia is $58,895 a year.
What is low income Virginia?
Your family Virginia adjusted income must be less than: 1. $12,880. 2. $17,420.
What salary is upper class?
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is the cheapest place to live in Virginia?
Pulaski, VA – For the second year in a row, the town of Pulaski is the number one cheapest place to live in Virginia in 2020 according to HomeSnacks.net. Housing in Pulaski is super cheap when taken as a proportion of income, whether you’re renting or buying.
What is the safest place to live in Virginia?
A closer look at the safest cities in Virginia
Bridgewater is the new number 1 this year—it has the lowest violent crime rate in the state (0.2 incidents per 1,000). Bedford made the biggest improvement in ranking this year, moving up 34 spots to land at number 7.
Why is rent so high in Virginia?
There are many factors as to why some are seeing steep increases right now and almost all are tied to the pandemic. Virginia Apartment Management Association CEO Patrick McCloud cites low vacancy, inflation, low supply and rental assistance programs.
What salary is upper middle class?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
How can I get rich in 5 years?
How to become wealthy in 5 years: 14 strategies
- Become Financially Literate Through Self-Education.
- Spend Less, Earn More, Invest the Difference.
- Do Something You Love.
- Invest in Properties.
- Build a Portfolio of Stocks and Shares.
- Focus on Contemporary Areas of Growth.
- Be An Innovator.
- Do Quarterly Goals & Reports.