Overview

Greater Richmond has a population of 1.1 million, and comprises seven counties (Charles City, Chesterfield, Goochland, Hanover, Henrico, New Kent, Powhatan) and the City of Richmond, offering a unique combination of affordability and quality of life in urban, suburban, and rural settings. The Richmond MSA population is nearly 1.3 million. 

Home to an array of industries and seven Fortune 500 headquarters, including DuPont’s largest manufacturing plant in the world, the area is a magnet for talent. CityLab ranked Richmond #6 for large metro areas with the fastest growth in the creative class, drawing a workforce that flocks to the region for diverse job opportunities and its renowned culture and recreation.

Nearly 30 regional institutions of higher education, including Virginia Commonwealth University, Virginia Union University, Virginia State University, the University of Richmond, and Randolph-Macon College, train and supply the next generation of skilled professionals, enabling Richmond to attract and retain businesses of all sizes.

Once a region defined principally by its southern charm and history, Greater Richmond has grown into a thriving, cosmopolitan destination, revered for its natural beauty and amenities.

Download Regional Profile

Location

One of the Richmond area’s key advantages for businesses is its strategic location on the East Coast’s longest thoroughfare, Interstate 95. Robust transportation infrastructure ensures that companies are well-connected, and residents enjoy an average 25-minute commute.

Greater Richmond

 

  • I-64 and I-95 converge in the area, and I-85 is directly south.
  • CSX and Norfolk Southern provide freight rail service, with rail lines radiating in all directions from Richmond.
  • Passenger rail service is provided by Amtrak, providing multiple daily trains to and from Washington, D.C., New York, and beyond from two area stations.
  • James River Barge Service serves the Richmond Marine Terminal, which connects to The Port of Virginia in Hampton Roads, 100 miles away.
  • Richmond International Airport (RIC), a 10-minute drive from downtown Richmond, provides passenger and cargo services to major domestic destinations and connecting service to points around the globe. Washington Dulles International Airport (IAD), one of the nation's largest international airports, is within 100 miles.
  • More than 100 motor freight companies and brokers serve the area, including specialists in heavy hauling, overdimensional loads, and liquid or dry bulk.
  • Fast shipping access is readily available with a UPS Freight home office in the City of Richmond. In addition, FedEx and UPS have regional hubs here.
  • More than 40 courier service companies can handle scheduled and rush, local, intrastate, and interstate deliveries.
  • Washington, D.C., the nation’s capital and home to embassies, consulates, and international organizations, is only 100 miles north and easily accessible by train.

Livability

Greater Richmond offers the entertainment and recreational opportunities of a much larger metro area, with the accessibility, atmosphere, and traffic of a smaller city, providing an ideal and affordable location to raise a family and grow a business and career. High quality of life can be had for less in the Richmond region. According to the Center for Community and Economic Research’s ACCRA Cost of Living Index, the area’s overall cost of living is 5% below the national average. Housing costs, which account for 29% of the index, are 15% lower in the Richmond area than the national average.

The region offers an extensive variety of arts and cultural activities that serve to enrich its well-known history, including state museums like the Virginia Museum of Fine Arts and the Science Museum of Virginia, and a full array of theatre, opera, symphony, comedy, concerts, and other productions.

Virginia Museum of Fine Arts

Virginia Museum of Fine Arts

Named one of the nation’s healthiest cities and one of the best running cities in the country, outdoor recreation is part of Richmond’s culture. At the center of many residents’ active lifestyle is the James River, offering kayaking, canoeing, and the only Class IV rapids in an urban center in the country.

Add a world-class food scene and booming craft beer culture that prompted Vinepair.com to name Richmond the No. 1 beer destination in the world in 2018, and Greater Richmond has something to offer people of all ages and walks of life.

We employ a highly educated and motivated work force and chose Richmond as the ideal environment in which to grow our company because it offers access to an incredibly strong higher education system and a great quality of life.

Andrew Florance Founder and CEO, CoStar