A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) January 2006
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1 A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) January 2006 Richmond Regional Planning District Commission 2104 West Laburnum Avenue, Suite 101 Richmond, Virginia Phone: (804) Fax: (804)
2 Population Population in the RIPE MSA * Charles City County 6,282 6,926 7,057 7,118 7,120 7,900 Chesterfield County 209, , , , , ,004 Goochland County 14,163 16,863 17,689 18,138 18,753 22,003 Hanover County** 63,306 86,320 91,814 94,081 96, ,000 Henrico County 217, , , , , ,003 New Kent County 10,445 13,462 14,255 14,843 15,552 16,497 Powhatan County 15,328 22,377 24,252 24,649 25,866 31,004 Richmond City 202, , , , , ,008 Dinwiddie County 22,319 24,533 24,642 24,853 25,173 26,804 Prince George County 27,394 33,047 34,031 34,305 34,313 34,504 Colonial Heights City 16,064 16,897 17,153 17,286 17,511 17,400 Hopewell City 23,101 22,354 22,423 22,391 22,369 21,801 Petersburg City 37,027 33,740 33,117 33,091 32,757 31,502 RIPE MSA 865, ,512 1,023,661 1,035,410 1,047,366 1,095,430 Virginia Total 6,189,197 7,078,515 7,287,829 7,386,330 7,459,827 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 by Jurisdiction Henrico County 27% Chesterfield County 28% Charles City CountyNew Kent County 1% 1% Colonial Heights City 2% Goochland County 2% Hopewell City 2% Dinwiddie County 2% Powhatan County 2% Petersburg City 3% Source: U.S. Bureau of the Census Virginia Employment Commission Richmond City 18% Prince George County 3% Hanover County** 9%
3 Unemployment Rates Unemployment Rates Charles City County 7.0% 5.8% 4.9% 4.7% 3.3% 2.8% 2.7% 6.1% 5.5% 5.6% 4.9% Chesterfield County 3.9% 3.1% 3.0% 2.8% 2.2% 2.0% 1.6% 2.5% 3.0% 3.2% 3.2% Goochland County 4.0% 2.9% 2.5% 2.6% 2.1% 1.6% 1.3% 2.2% 3.2% 3.3% 3.3% Hanover County 3.0% 2.2% 2.2% 2.5% 1.8% 1.6% 1.3% 2.4% 2.7% 2.7% 2.9% Henrico County 3.5% 2.9% 3.0% 2.8% 2.1% 1.9% 1.7% 3.3% 3.5% 3.7% 3.4% New Kent County 4.5% 3.2% 3.3% 3.0% 2.7% 2.0% 1.6% 3.4% 3.5% 3.8% 3.3% Powhatan County 3.6% 2.7% 2.5% 2.9% 1.8% 1.7% 1.3% 2.1% 2.6% 2.7% 2.9% Richmond City 6.0% 5.2% 5.3% 4.8% 3.8% 3.3% 3.0% 5.0% 6.2% 6.5% 5.6% Dinwiddie County 6.4% 4.1% 4.2% 4.1% 2.7% 2.6% 2.0% 2.9% 4.0% 4.2% 3.8% Prince George County 4.5% 4.6% 3.8% 3.4% 2.9% 2.7% 2.2% 3.4% 3.4% 4.0% 4.2% Colonial Heights City 4.7% 4.5% 4.0% 3.9% 2.8% 2.4% 2.5% 3.5% 4.4% 4.8% 3.9% Hopewell City 6.5% 5.5% 6.0% 5.5% 4.4% 4.1% 3.2% 5.4% 6.6% 7.2% 5.5% Petersburg City 9.4% 7.0% 8.1% 7.5% 5.9% 5.2% 3.9% 6.4% 8.2% 10.3% 7.6% RIPE MSA 4.8% 4.5% 3.7% 3.7% 3.5% 2.6% 2.4% 3.4% 4.0% 4.3% 3.9% Virginia 5.0% 4.9% 4.5% 4.4% 4.0% 2.9% 2.8% 3.5% 4.1% 4.1% 3.7% United States 6.8% 6.1% 5.6% 5.4% 4.9% 4.6% 4.2% 4.8% 5.8% 6.0% 5.5% Percent Unemployed 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% Unemployment Rates 1.00% 0.00% RIPE MSA Virginia United States Source: Virginia Employment Commission, Estimated Labor Force Components
4 Non-Agricultural Employment by Sector (in thousands) Construction and Mining Manufacturing Transportation & Public Utilities Trade Wholesale Retail Unemployment Rates Finance, Ins. & Real Estate Services Government Federal State Local Total Non-Agricultural Employment Source: Virginia Employment Commission Monthly Report on Employment, Hours & Earnings Non-Agricultural Employment by Sector 19% 7% 8% 3% 17% Construction and Mining Manufacturing Transportation & Public Utilities Trade Finance, Ins. & Real Estate Services Source: Virginia Employment Commission 38% 8% Government
5 Top 50 Private Employers in the Richmond Region 2004 (Full-Time Employment) Top Employers 1. Capital One Financial Corp. 26. Lowe's Cos. Inc. 2. HCA Inc. 27. Alcoa Inc. 3. VCU Health System 28. BB&T Corp. 4. Phillip Morris USA 29. Southside Regional Medical Center 5. Wal-Mart Stores Inc. 30. The Kroger Co. 6. Wachovia Corp. 31. Overnite Transportation Co. 7. Dominion Resources Inc. 32. J.C. Penney Co. Inc. 8. Bon Secours Richmond Health System 33. CarMax 9. Ukrop's Super Markets Inc. 34. Smurfit-Stone Container Corp. 10. SunTrust Banks Inc. 35. The Home Depot Inc. 11. DuPont Eleven Inc. 12. Bank of America Corp. 37. Tyson Foods Inc. 13. WellPoint Inc. (was Anthem Inc.) 38. LandAmerica Financial 14. Verizon Virginia Inc. 39. Target Corp. 15. Circuit City Stores Inc. 40. Hecht's 16. Infineon Technologies Richmond 41. Markel Corp. 17. Delhaize America (Food Lion) 42. Cadmus Communications Corp. 18. Honeywell International Inc. 43. Unistaff Inc. 19. Wyeth 44. Church & Dwight 20. Genworth Financial 45. McGuireWoods 21. University of Richmond 46. Comcast Corp. 22. Media General Inc. 47. McKesson Corp. 23. Federal Reserve Bank of Richmond Inc. 48. Kraft Foods Inc. 24. Supervalu Inc., Eastern Region 49. Alstom Power Inc. 25. United Parcel Service Inc. 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, 2004
6 Median Household Income 2002 Virginia RIPE MSA Richmond Petersburg Hopewell Colonial Heights Prince George Powhatan New Kent Henrico Hanover Goochland Dinwiddie Chesterfield Charles City 1999 $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, $42,697 $61,689 $40,467 $60,251 $63,578 $50,731 $56,712 $57,210 $48,499 $43,027 $33,958 $28,557 $31,196 $47,582 $48,224 Median Household Income by Jurisdiction $70,000 $60,000 $50,000 Virginia=$48,224 $40,000 $30,000 $20,000 Median Income $10,000 $0 RIPE MSA Hopewell Petersburg Richmond Powhatan Prince George Colonial Heights Hanover Henrico New Kent Chesterfield Dinwiddie Goochland Charles City Median Income Source: U.S. Census Bureau Estimates
7 Average Annual Wage per Job for RIPE MSA Wages Charles City $18,503 $19,521 $20,799 $21,430 $22,494 $23,162 $24,499 $26,096 $25,845 Chesterfield $24,539 $25,587 $26,301 $27,522 $29,151 $30,482 $31,582 $32,616 $33,324 Goochland $20,905 $22,028 $22,977 $24,298 $28,039 $32,759 $31,042 $31,590 $32,206 Hanover $22,695 $23,464 $24,719 $25,743 $26,715 $28,088 $28,951 $29,656 $30,097 Henrico $26,556 $27,510 $28,788 $30,170 $31,739 $34,063 $36,072 $37,621 $38,365 New Kent $19,092 $20,061 $19,301 $18,573 $18,648 $21,212 $21,947 $23,222 $24,118 Powhatan $20,714 $21,526 $22,563 $23,299 $23,692 $24,746 $25,650 $27,156 $27,429 Richmond $28,993 $30,194 $31,484 $33,024 $34,603 $35,916 $37,875 $39,324 $40,653 Prince George, Hopewell $27,230 $28,162 $29,054 $30,139 $31,181 $31,371 $32,246 $33,126 $33,851 Dinwiddie, Colonial Heights, Petersburg $19,409 $20,030 $20,813 $21,409 $22,599 $24,012 $24,793 $25,909 $26,861 RIPE MSA $26,283 $27,241 $28,321 $29,595 $31,048 $32,587 $34,122 $35,404 $3,5905 Virginia $26,067 $26,832 $27,923 $29,269 $30,991 $32,620 $34,656 $36,160 $36,750 Average Annual Wage by Jurisdiction $50,000 $40,000 Virginia=$36,750 $30,000 $20,000 $10,000 $0 Charles City Chesterfield Goochland Hanover Henrico New Kent Pow hatan Richmond Prince George, Hopew ell Source: U.S. Department of Commerce, Bureau of Economic Analysis Weldon Cooper Center for Public Service Petersburg, Dinw iddie, Colonial Heights RIPE MSA
8 Racial Composition of the RIPE MSA 2004 Total Population White Black or African American American Indian & Alaska Native Asian Native Hawaiian & Other Pacific Islander Two or More Races Total Hispanic (of any race) Demographics Charles City County 7,120 3,151 3, Chesterfield County 282, ,493 57,971 1,061 7, ,456 23,912 Goochland County 18,753 14,148 4, Hanover County 96,054 84,737 9, , ,317 Henrico County 276, ,638 74,204 1,064 13, ,396 16,136 New Kent County 15,552 12,861 2, Powhatan County 25,866 21,573 4, Richmond City 192,494 77, , , ,211 12,994 Dinwiddie County 25,173 16,545 8, Prince George County 34,313 21,500 11, ,717 Colonial Heights City 17,511 15,135 1, Hopewell City 22,369 13,543 8, ,643 Petersburg City 32,757 6,242 25, ,285 RIPE MSA 1,047, , ,851 4,048 26, ,148 65, Racial Compostion of the RIPE MSA in White Black or African American Native American Asian Hawaiian/ Pacific Islander Two or More Races Total Hispanic (of any race) Source: U.S. Bureau of the Census, July 2004
9 Single Family Unit Construction Residential Building Permits Charles City County Chesterfield County 2,004 1,675 1,471 1,566 1,799 2,028 1,920 2,417 2,503 2,024 2,040 Goochland County Hanover County 1, ,091 1, Henrico County 1,845 1,678 1,666 1,755 2,067 1,999 1,566 1,638 1,886 1,841 1,811 New Kent County Powhatan County Richmond City Dinwiddie County Prince George County Colonial Heights City Hopewell City Petersburg City RIPE MSA 6,171 5,499 5,278 5,585 6,305 6,362 7,695 8,420 6,887 6,391 6,217 Number of Units Constructed 10,000 8,000 6,000 4,000 2,000 Single Family Unit Construction for the RIPE MSA Single Family Unit Construction by Jurisdiction in 2004 Chesterfield County 32.8% Charles City County 0.7% Colonial Heights Petersburg City 0.3% City 0.7% Hopewell City 0.8% Prince George County 2.6% Dinwiddie County 3.7% New Kent County 4.4% Goochland County 5.0% 0 Year Source: U.S. Bureau of the Census Henrico County 29.1% Richmond City 5.1% Powhatan County Hanover County 5.6% 9.1%
10 Multiple Unit Construction Residential Building Permits Charles City County Chesterfield County ,098 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 1,358 Number of Units Constructed Multiple Unit Construction for the RIPE MSA Chesterf ield County 80% Multipe Unit Construction by Jurisdiction in 2004 Petersburg City 3% City of Richmond 6% 0 Year Henrico County 11% Source: U.S. Bureau of the Census
11 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 School Enrollment 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 Total Projected School Enrollment for by Jurisdiction Hanover County 11.2% Goochland County 1.2% Henrico County 26.5% Chesterfield County 31.2% New Kent County 1.4% Pow hatan County 2.5% Richmond City 13.1% Charles City County 0.5% Dinw iddie County 2.6% Prince George County 3.5% Colonial Heights City 1.6% Hopew ell City 2.1% Petersburg City 2.8%
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