State Ledger
State profile

Virginia FIPS 51

Population
8,582,479
Median household income
$80,615
Nonfarm employment
4,237,600
Business establishments
210,842

State Highlights

Largest employer sector
Professional, scientific, and technical services
536,441 employees
Business concentration
15.0%
of private employment in Professional, scientific, and technical services
Home prices, 1 year
+3.8%
FHFA
Federal outlays per capita
$10,012.47
USASpending.gov

Economy & Labor

Total nonfarm employment

BLS Current Employment Statistics, not seasonally adjusted · persons · 20 months available · latest observation: August 2026
Employment ratio
50.0%
employed ÷ population
Unemployed population (ACS)
202,807
Vs. July
▲ 5,900
Business density
24.9 per 1,000
establishments per capita

Leading Industries

Leading industries by employment

Ranked by private-sector employment, same measure as the Business & Industry tab · see the full breakdown there
1 Professional, scientific, and technical services 536,441 employees
2 Health care and social assistance 488,231 employees
3 Retail trade 423,568 employees
4 Accommodation and food services 368,252 employees
5 Administrative and support and waste management and remediation services 270,238 employees

Leading Public Companies

Top 5 by latest reported revenue

SEC EDGAR / XBRL Company Facts · see the full listing on the Public Companies tab
BOEING CO · BA
$89.46B
Aircraft
RTX Corp · RTX
$88.60B
Aircraft Engines & Engine Parts
National Commercial Banks
$52.55B
Ship & Boat Building & Repairing
Search, Detection, Navigation, Guidance, Aeronautical Sys

Population & People

Homeownership rate
66.6%
2.16M of 3.25M occupied homes are owner-occupied

Population by age

U.S. Census Bureau, ACS 5-year estimate (table B01001) · reconciles to total population
0–17
1.89M · 22.1%
18–24
807.2K · 9.4%
25–34
1.18M · 13.7%
35–44
1.14M · 13.2%
45–54
1.12M · 13.0%
55–64
1.12M · 13.1%
65–74
803.3K · 9.4%
75+
525.3K · 6.1%

Housing & Real Estate

Median home value
$295,500
Median gross rent
$1,326 / month
Vacancy rate
9.7%
Total housing units
3.60M
Owner-occupied homes
2.16M
Renter-occupied homes
1.08M
Home prices, 1 year
+3.8%
Home prices, 5 years
+44.1%
Latest FHFA period
2026 Q2

ACS: 2021 ACS 5-year · FHFA: 2026 Q2

ACS housing estimates from the U.S. Census Bureau — median home value reflects owner-reported value, not a current sale price. House-price changes are from the FHFA All-Transactions House Price Index, a measure of price appreciation over time, not a home-value estimate.

Federal Spending

Total federal outlays
$84.81B
Outlays per capita
$10,012.47
Total prime award value
$177.67B

Source: USASpending.gov · specific reporting period not published in this dataset