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Why Richmond, Virginia?

Richmond, Norfolk and Newport News all rank in the top 20 cities for millennial growth – making Virginia one of the most popular destinations in the U.S for young adults. 

Strategic Location

 

Located in central Virginia, Richmond, is approximately 100 miles south of Washington, D.C. The greater Richmond area has a population of nearly 1.3 million residents and is one of the strongest secondary real estate markets in the country. The city is home to the 4th Circuit Court of Appeals, the Fifth District Federal Reserve Bank, and multiple Federal offices, lending the city a secure business atmosphere. 

 

Strong Growth

The Richmond metro area has seen a population growth of approximately 39% since 2000, and according to NIA Global Richmond ranks 9thin projected absolute population growth from 2013 to 2030. 

There are many factors attracting people to Richmond and its surrounding areas. Richmond is home to 7 fortune 500 companies and the number of firms moving operations to the state of Virginia has been on the rise. In March 2019 Virginia boasted an unemployment rate of 2.9%, one of the lowest in the country according to The Bureau of Labor Statistics. In addition to its strong economic climate Richmond is considered a historical gem. A quiet city, where symbols of American history are ever-present and seamlessly mesh with state-of-the-art facilities and modern accommodations.

Public Appeal 

 

Despite its charm and appeal, strong population growth and corporate immigration into the area, Richmond continues to have a relatively lower cost of living compared to many similarly sized cities. Richmond is ranked as one of America’s healthiest cities, and has been hailed as one of the best cities for families, according to Parenting.com. Through its growth the city has transformed into a cultural hot spot, with a nationally recognized culinary scene, a thriving art scene as well as a vibrant night life with activities ranging from live music, to festivals and monthly public art exhibits. 

 

Richmond is a cosmopolitan city that boasts nationally ranked schools and universities, a low cost of living, a high quality of life with a unique mix of arts, entertainment, sports, and a mild climate with beaches to the East and mountains to the West.

No matter where you end up in the region, a three-hour drive will take you from the beaches of Virginia Beach near Hampton Roads and Norfolk, to the ski slopes of Massanutten near Harrisonburg and Charlottesville. 

 

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