The Richmond-Petersburg (population 1,126,262) area is the 46th largest in the United States and includes the cities of Richmond, Colonial Heights, Hopewell, and Petersburg. Richmond is located on the fall line of the James River and is commonly known as RVA, the 804 (for the area code), and RIC (airport code). Richmond, or the "City of Churches," is the home of St. John's Church and a variety of religious denominations. Richmond also houses the Science Museum of Virginia, the Jefferson Davis Monument, and American Civil War museums. Boasting a significant art community, Richmond's attractions are the Virginia Museum of Fine Arts, the Richmond Symphony, Richmond Ballet, Byrd Theatre, and the Virginia Commonwealth University School of the Arts.
In 2004, the Richmond-Petersburg, Virginia area maintained an average personal income of $35,422. According to the U.S. Department of Commerce's Bureau of Economic Analysis, the average area resident earns approximately 7% more than the average American. Average income in the area has grown about 8.1% since 1969, which is about 8% above the national average.
Law and finance are the driving forces in the Richmond-Petersburg area, and the city is home to:
- A U.S. Circuit Court of Appeals
- A Federal Reserve Bank
- Dominion Resources
- Phillip Morris
- Ukrop Supermarkets
- Circuit City
Due to its highly educated inhabitants and fairly low business costs, Forbes ranked the Richmond-Petersburg area's the #14 Best Place for Business and Careers in 2005.
Areas of economic development in the Richmond-Petersburg area include:
- Tourism Health Services
For more information on colleges and universities in Virginia, explore our Virginia state page.