Comprehensive salary data, cost of living, tax rates, and employment information for Virginia.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
Virginia's $87,249 median household income is in the top ten in the US, driven by the federal and federal-contractor employment concentrated in Northern Virginia. Fairfax, Arlington, and Loudoun counties together contain one of the densest high-income white-collar workforces in the country: Amazon's HQ2 in Arlington, the Pentagon just across the Potomac, the intelligence-community cluster (CIA in Langley, DHS headquarters), and hundreds of defence and IT contractors (Booz Allen, Leidos, SAIC, CACI, Raytheon subsidiaries) all anchor the region. Loudoun County is home to the world's largest concentration of data-centre capacity — Ashburn handles a significant share of US internet traffic. The rest of Virginia is very different: Richmond has an insurance and finance economy (Capital One, Altria), the Hampton Roads region is a major military hub (Norfolk Naval Station is the largest naval base in the world), and the Shenandoah Valley is agricultural. The state income tax ranges from 2% to 5.75% across four brackets. The $12.41/hour minimum wage is indexed and was raised via 2020 legislation. Property taxes are moderate. Virginia has no estate or inheritance tax. Full data follows.
Median Individual
$42,350
per year
Median Household
$87,249
per year
Cost of Living
104
Average (US avg = 100)
State Income Tax
2-5.75%
rate
Salary Overview for Virginia
The median individual income in Virginia is $42,350 per year, while the mean (average) individual income is $55,710. The median household income is $87,249.
Cost of Living Adjusted Salary
Virginia's cost of living index is 104 (national average = 100). This means the median salary of $42,350 in Virginia has the purchasing power of approximately $40,721 at the national average cost of living. Virginia is roughly in line with the national average cost of living.
Minimum Wage in Virginia
The current minimum wage in Virginia is $12.41/hour, which equals approximately $25,813 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Virginia minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Virginia
Inova Health
Amazon (HQ2)
Booz Allen Hamilton
Major Industries in Virginia
Federal Government
Technology
Defense
Tax Rates in Virginia
See the full tax breakdown including income tax, sales tax, property tax, and more on our Virginia tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Virginia after federal and state taxes.