A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) October 2004
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1 A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) October 2004 Richmond Regional Planning District Commission 2104 West Laburnum Avenue, Suite 101 Richmond, Virginia Phone: (804) Fax: (804)
2 Unemployment Rates Unemployment Rates Charles City County % 5.8% 4.9% 4.7% 3.3% 2.8% 2.7% 6.1% 5.5% 5.6% Chesterfield County 4.1% 3.9% 3.1% 3.0% 2.8% % 1.6% 2.5% 3.0% 3. Goochland County % 2.9% 2.5% 2.6% 2.1% 1.6% 1.3% % Hanover County 3.3% 3.0% % 1.8% 1.6% 1.3% 2.4% 2.7% 2.7% Henrico County 3.9% 3.5% 2.9% 3.0% 2.8% 2.1% 1.9% 1.7% 3.3% 3.5% 3.7% New Kent County 4.6% 4.5% % 3.0% 2.7% 2.0% 1.6% 3.4% 3.5% 3.8% Powhatan County 3.5% 3.6% 2.7% 2.5% 2.9% 1.8% 1.7% 1.3% 2.1% 2.6% 2.7% Richmond City 6.3% 6.0% % 4.8% 3.8% 3.3% 3.0% 5.0% % Dinwiddie County 6.3% 6.4% 4.1% % 2.7% 2.6% 2.0% 2.9% 4.0% 4. Prince George County % 4.6% 3.8% 3.4% 2.9% 2.7% % 3.4% 4.0% Colonial Heights City 5.1% 4.7% 4.5% 4.0% 3.9% 2.8% 2.4% 2.5% 3.5% 4.4% 4.8% Hopewell City 7.3% 6.5% 5.5% 6.0% 5.5% 4.4% 4.1% % 6.6% 7. Petersburg City 9.1% 9.4% 7.0% 8.1% 7.5% 5.9% % 6.4% % RIPE MSA % 4.5% 3.7% 3.7% 3.5% 2.6% 2.4% 3.4% 4.0% 4.3% Virginia 6.4% 5.0% 4.9% 4.5% 4.4% 4.0% 2.9% 2.8% 3.5% 4.1% 4.1% United States 7.4% 6.8% 6.1% 5.6% 5.4% 4.9% 4.6% % 5.8% 6.0% Percent Unemployed 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% Unemployment Rates 1.0% 0.0% Source: Virginia Employment Commission, Estimated Labor Force Components RIPE MSA Virginia United States 1
3 Non-Agricultural Employment by Sector (in thousands) Employment by Sector Construction and Mining Manufacturing Transportation & Public Utilities Trade Wholesale Retail Finance, Ins. & Real Estate Services Government Federal State Local Total Non-Agri Employment Source: Virginia Employment Commission Monthly Report on Employment, Hours & Earnings Non-Agricultural Employment by Sector 2003 Government 21% Construction and Mining 8% Manufacturing 9% Transportation & Public Utilities 4% Trade 20% Services 29% Finance, Ins. & Real Estate 9% Source: Virginia Employment Commission 2
4 Top 50 Private Employers in the Richmond Region 2004 (Full-Time Employment) Top Employers 1. Capital One Financial Corp. 26. United Parcel Service Inc. 2. Philip Morris USA 27. BB&T Corp. 3. HCA Inc. 28. Southside Regional Medical Center 4. VCU Health System 29. Lowe's Cos. Inc. 5. Wal-Mart Stores Inc. 30. J.C. Penney Co. Inc. 6. Wachovia Corp. 31. Overnite Transportation Co. 7. Bon Secours Richmond Health System 32. The Kroger Co. 8. Dominion Resources Inc. 33. Tyson Foods Inc. 9. Ukrop's Super Markets Inc. 34. McKesson Corp. 10. SunTrust Banks Inc. 35. The Home Depot Inc. 11. DuPont 36. Smurfit-Stone Container Corp. 12. Anthem Inc. 37. CarMax 13. Circuit City Stores Inc. 38. Target Corp. 14. Bank of America Corp Eleven Inc. 15. Verizon Virginia Inc. 40. Hecht's 16. Delhaize America (Food Lion) 41. Alstom Power Inc. 17. Honeywell International Inc. 42. Pinkerton Services Corp. (Securitas) 18. Infineon Technologies Richmond 43. Unistaff Inc. 19. Alcoa Inc. 44. Cadmus Communications Corp. 20. Federal Reserve Bank of Richmond Inc. 45. Sears, Roebuck & Co. 21. Wyeth 46. Kraft Foods Inc. 22. Supervalu Inc., Eastern Region 47. McGuireWoods 23. University of Richmond 48. Comcast Corp. 24. Media General Inc. 49. Markel Corp. 25. GE Financial 50. Southern States Cooperative Inc. Source: Richmond-Times Dispatch, Sunday, April 16, 2004, Business Section The Top 50 Employers in the Richmond - Petersburg area as of January 1,
5 4 Median Household Income 1999 Virginia RIPE MSA Richmond Petersburg Hopewell Colonial Heights Prince George Powhatan New Kent Henrico Hanover Goochland Dinwiddie Chesterfield Charles City 1997 $37,173 $55,324 $34,830 $50,104 $53,618 $44,122 $49,908 $49,009 $44,845 $40,923 $32,781 $25,428 $29,234 $40,454 $40, $40,058 $58,423 $37,244 $54,007 $57,367 $47,155 $52,470 $52,656 $46,774 $42,068 $33,213 $26,324 $31,081 $41,797 $42, $42,754 $58,537 $41,582 $56,307 $59,223 $49,185 $53,595 $53,992 $49,877 $43,224 $33,196 $28,851 $31,121 $46,800 $46,677 Median Household Income for the RIPE MSA in ,000 Virginia=$46,677 50,000 40,000 30,000 20,000 10,000 Dinwiddie Goochland Hanover Henrico New Kent Powhatan Prince George Colonial Heights Hopewell Petersburg Richmond Charles City Chesterfield 0 Source: U.S. Bureau of the Census Weldon Cooper Center for Public Service Median Income
6 Wages Average Annual Wage per Job for RIPE MSA Charles City $26,096 $24,499 $23,162 $22,494 $21,430 $20,799 $19,521 $18,503 $17,418 Chesterfield $32,616 $31,582 $30,482 $29,151 $27,522 $26,301 $25,587 $24,539 $24,383 Goochland $31,590 $31,042 $32,759 $28,039 $24,298 $22,977 $22,028 $20,905 $19,702 Hanover $29,656 $28,951 $28,088 $26,715 $25,743 $24,719 $23,464 $22,695 $22,307 Henrico $37,621 $36,072 $34,063 $31,739 $30,170 $28,788 $27,510 $26,556 $26,083 New Kent $23,222 $21,947 $21,212 $18,648 $18,573 $19,301 $20,061 $19,092 $18,809 Powhatan $27,156 $25,650 $24,746 $23,692 $23,299 $22,563 $21,526 $20,714 $20,044 Richmond $39,324 $37,875 $35,916 $34,603 $33,024 $31,484 $30,194 $28,993 $28,167 Prince George, Hopewell $33,126 $32,246 $31,371 $31,181 $30,139 $29,054 $28,162 $27,230 $26,970 Dinwiddie, Colonial Heights, Petersburg $25,909 $24,793 $24,012 $22,599 $21,409 $20,813 $20,030 $19,409 $18,689 RIPE MSA $35,404 $34,122 $32,587 $31,048 $29,595 $28,321 $27,241 $26,283 $25,764 Virginia $36,160 $34,656 $32,620 $30,991 $29,269 $27,923 $26,832 $26,067 $25,408 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 Source: U.S. Department of Commerce, Bureau of Economic Analysis Weldon Cooper Center for Public Service $0 Charles City Chesterfield Goochland Hanover Henrico New Kent Powhatan Richmond Virginia=$36,160 Prince George, Hopewell Dinwiddie, Colonial Heights, Petersburg RIPE MSA 5
7 Population Population in the RIPE MSA * Charles City County 6,282 6,926 6,956 7,057 7,118 7,900 Chesterfield County 209, , , , , ,004 Goochland County 14,163 16,863 17,296 17,689 18,138 22,003 Hanover County** 63,306 86,320 88,982 91,814 94, ,000 Henrico County 217, , , , , ,003 New Kent County 10,445 13,462 13,873 14,255 14,843 16,497 Powhatan County 15,328 22,377 23,153 24,252 24,649 31,004 Richmond City 202, , , , , ,008 Dinwiddie County 22,319 24,533 24,424 24,642 24,853 26,804 Prince George County 27,394 33,047 33,984 34,031 34,305 34,504 Colonial Heights City 16,064 16,897 17,006 17,153 17,286 17,400 Hopewell City 23,101 22,354 22,238 22,423 22,391 21,801 Petersburg City 37,027 33,740 33,288 33,117 33,091 31,502 RIPE MSA 865, ,512 1,011,956 1,023,661 1,035,410 1,095,430 Virginia Total 6,189,197 7,078,515 7,192,697 7,287,829 7,386,330 7,737,597 *Projected by the Virginia Employment Commission **Town of Ashland: Population is included in the population total for Hanover County. Population Distribution in the RIPE MSA 2003 Hanover County 9% Goochland County Henrico County 26% New Kent County 1% Powhatan County Richmond city 19% Chesterfield County 28% Sources: U.S. Bureau of the Census Weldon Cooper Center for Public Service Charles City County 1% Petersburg city 3% Dinwiddie County Prince George County 3% Colonial Heights city Hopewell city 6
8 Racial Composition of the RIPE MSA 2003 Demographics White Total Population Total Hispanic Not Hispanic Black or African American American Indian & Alaska Native Asian Native Hawaiian & Other Pacific Islander Other Race Two or More Races Total Hispanic (of any race) Charles City County 6,926 2, ,457 3, Chesterfield County 259, ,148 6, ,650 46, , ,472 2,603 15,028 Goochland County 16,863 12, ,204 4, Hanover County 86,320 76, ,867 8, ,661 Henrico County 262, ,524 4, ,722 65, , ,562 2,650 11,718 New Kent County 13,462 10, ,757 2, Powhatan County 22,377 18, ,158 3, Richmond City 197,790 78,335 3,439 74, , , ,948 2,048 9,866 Dinwiddie County 24,533 15, ,752 8, Prince George County 33,047 20,792 1,189 19,603 10, ,198 Colonial Heights City 16,897 15, ,950 1, Hopewell City 22,354 14, ,692 7, ,282 Petersburg City 33,740 6, ,165 26, RIPE MSA 996, ,081 18, , ,226 3,840 21, ,889 9,758 45,729 Racial Distribution for the RIPE MSA White 63% Total Hispanic (of any race) 4% Source: U.S. Bureau of the Census, July 2003 Two or More Races 1% Other Race 1% Asian Black or African American 29% 7
9 Single Family Unit Construction Residential Building Permits 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Charles City County Chesterfield County 1,952 2,004 1,675 1,471 1,566 1,799 2,028 1,920 2,417 2,503 2,024 Goochland County Hanover County 986 1, ,091 1, Henrico County 1,857 1,845 1,678 1,666 1,755 2,067 1,999 1,566 1,638 1,886 1,841 New Kent County Powhatan County Richmond City Dinwiddie County Prince George County Colonial Heights City Hopewell City Petersburg City RIPE MSA 6,051 6,171 5,499 5,278 5,585 6,305 6,362 7,695 8,420 6,887 6,391 Single Family Unit Construction in the RIPE MSA Source: U.S. Bureau of the Census, State/County Permit Authorized Construction in Permit Issuing Place Distribution of Single Family Unit Construction in the RIPE MSA in 2003 Goochland County 4% Hanover County 1 Henrico County 29% New Kent County 4% Chesterfield County Powhatan County 5% 33% City of Richmond 4% Dinwiddie County 3% Charles City County Prince George 1% County 3% City of Petersburg 0% City of Colonial City of Hopewell 1% Heights 1% 8
10 Multiple Unit Construction Residential Building Permits 2,000 1,800 1,600 1,400 1,200 1, Charles City County Chesterfield County Goochland County Hanover County Henrico County , , New Kent County Powhatan County City of Richmond Dinwiddie County Prince George County Colonial Heights City Hopewell City Petersburg City RIPE MSA ,866 1,013 1, ,750 1,763 1,559 Multi-Family Unit Construction in the RIPE MSA Chesterfield County 58% Distribution of Multi-Family Unit Construction in the RIPE MSA in 2003 City of Richmond 14% Hanover County 7% Henrico County 21% Source: U.S. Bureau of the Census, State/County Permit Authorized Construction in Permit Issuing Place 9
11 School Enrollment Projected School Enrollment ( ) K 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th Not graded Total Charles City County Chesterfield County 3,827 3,937 4,044 3,952 4,267 4,192 4,452 4,445 4,470 4,833 4,475 4,012 4, ,085 Goochland County ,187 Hanover County 1,469 1,521 1,506 1,644 1,508 1,492 1,528 1,546 1,541 1,697 1,406 1,501 1, ,728 Henrico County 3,270 3,528 3,694 3,721 3,682 3,512 3,668 3,750 3,668 4,061 3,582 3,313 3, ,829 New Kent County ,429 Powhatan County ,406 Richmond City 2,260 2,219 2,077 1,940 1,762 1,629 1,690 1,610 1,604 2,005 1,686 1,314 1, ,093 Dinwiddie County ,516 Prince George County ,157 Colonial Heights City ,745 Hopewell City ,787 Petersburg City ,861 RIPE MSA 13,242 13,582 13,701 13,564 13,625 13,101 13,824 13,867 13,947 15,613 13,704 12,491 12, ,669 Virginia 88,813 93,740 93,920 91,590 91,328 90,528 92,026 93,256 93, ,031 95,998 88,044 85, ,205,647 Source: Weldon Cooper Center for Public Service Goochland 1% Chesterfield 3 Distribution of Projected School Enrollment in RIPE MSA for Hanover 11% Henrico 27% Charles City 0% Petersburg C ity 3% Hopewell City New Kent 1% Powhatan Richmond C ity 13% Dinwiddie 3% Prince George 3% Colonial Heights City 10
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