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Virginia listed as 8th “Richest State in America”

Posted at 2:05 PM, Sep 19, 2017

NORFOLK, Va. – Virginia has been listed as the 8th “Richest State in America” by financial news company 24/7 Wall St.

Each year, the company compiles data to create a list of “America’s Richest and Poorest States.

Here’s what they had to say about Virginia:

“Virginia has a healthy job market with a relatively large share of high-paying jobs. Just 4.0% of the Virginia workforce is unemployed, a substantial improvement from the state’s 4.5% unemployment rate one year ago and less than 4.9% annual U.S. unemployment rate. An estimated 15.4% of workers in the state are employed in the generally high paying professional, scientific, management, and administrative services, the second largest share in the country. The typical household in Virginia earns $68,114 a year, far more than the U.S. median household income of $57,617.”

Click here to check out the full list

The company says they use data from the U.S. Census Bureau’s 2016 American Community Survey, as well as from the Bureau of Labor Statistics.