Salary Overview for Virginia
The median individual income in Virginia is $42,350 per year, while the mean (average) individual income is $55,710. The median household income is $87,249.
Cost of Living Adjusted Salary
Virginia's cost of living index is 104 (national average = 100). This means the median salary of $42,350 in Virginia has the purchasing power of approximately $40,721 at the national average cost of living. Virginia is roughly in line with the national average cost of living.
Minimum Wage in Virginia
The current minimum wage in Virginia is $12.41/hour, which equals approximately $25,813 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Virginia minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Virginia
- Inova Health
- Amazon (HQ2)
- Booz Allen Hamilton
Major Industries in Virginia
- Federal Government
- Technology
- Defense
Tax Rates in Virginia
See the full tax breakdown including income tax, sales tax, property tax, and more on our Virginia tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Virginia after federal and state taxes.