Richest Cities In Virginia For 2020

We analyzed 62 places in Virginia to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Virginia.

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We're just going to leave this right here: if you're the 10th oldest state in the county, you better believe you house some crazy rich cities. And, yes, we're talking about you Virginia.

If you're looking for safe cities and neighborhoods, amazing schools, and high-end shopping, with a bank account to match, you can stop your search. There are cities in on our top ten tichest cities in Virginia that have these 5-star amenities, and then some. And, yes, they are mainly centralized around Washington D. C.

To create this list, we asked ourselves, what is important to rich people in Virginia? Besides the obvious: high paying jobs, affluent neighborhoods, crazy expensive Southern Colonial homes, Michelin rated restaurants, and more car services than Starbucks; the cities on our list had to cater to the 'one percent' on a different level. How does one get their hands on one of these shiny, Virginia pearls; where living your best life requires a boatload of money? Well, a couple of things have to fall into place for you. Well, you need to find a job that pays on average $90,000/year. Might we suggest a job in real estate in our number one richest city? The median home price in this city is over $700,000. You better have deep pockets if you want to live here, folks.

Wealthy people want to live in the best cities, so it's not lost on us that there are multiple cities on our ten Best Cities to Live in Virginia for 2020 that are also on our richest list. So, pull up a chair, put on your spectacles, and read on to learn about the wealthiest places in Virginia.

Did we mention that you either have to win the lottery or be a descendant of one of Virginia's many notables like Warren Beatty to live in one of the wealthiest cities in the Old Dominion for 2020?

In all seriousness, we narrowed down the richest cities in Virginia by looking at several factors: poverty rate, median household income, unemployment rate. The cities also had to have a population of at least 5,000.

Without further adieu, what's the one city in Virginia where the cobblestone streets are paved in gold? That would be Vienna, the richest city in Virginia for 2020.

To see how your city compared, or what cities made the top 10, take look below. And if you don't see your city there, head to the bottom.

Rich people not your cup of tea? Feel free to check out some more reading about Virginia:

The 10 Richest Cities In Virginia For 2020

Vienna, VA

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Population: 16,488
Rank Last Year: 1 (No Change)
Median Income: $155,490
Unemployment Rate: 3.3%
Poverty Rate: 2.4%
More on Vienna: Real Estate | Data | Photos

Vienna is a town in Fairfax County, Virginia, United States. As of the 2010 United States Census, it had a population of 15,687. Significantly more people live in ZIP codes with the Vienna postal addresses bordered approximately by Interstate 66 on the south, Interstate 495 on the east, Route 7 to the north, and Hunter Mill road to the west.

Review Of Vienna by HomeSnacks User

I have lived all over the country from the mid-west to up and down the coats and Vienna, VA has been our favorite place. Vienna is a Wonderful area where there is a bit of everything. Great place to raise kids in a small town environment while being just 20 minutes away from the nation's capital. Access to everything while being far away from the big city inconveniences that we all forget about.

It's a close knit community where neighbors know each other and take pride in their town. The community is involved in a lot of activity planning and involved deeply in keeping the town beautiful.

Leesburg, VA

Source: Public domain
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Population: 52,125
Rank Last Year: 3 (Up 1)
Median Income: $109,176
Unemployment Rate: 2.7%
Poverty Rate: 4.9%
More on Leesburg: Real Estate | Data | Photos

Leesburg is a historic town within and the county seat of Loudoun County, Virginia. Leesburg is 33 miles west-northwest of Washington, D.C. along the base of Catoctin Mountain and adjacent to the Potomac River. Its population according to the 2010 Census is 42,616. The town is also the northwestern terminus of the Dulles Greenway, a private toll road that connects to the Dulles Toll Road at Washington Dulles International Airport.

Review Of Leesburg by HomeSnacks User

I live in Leesburg and downtown Leesburg, Va is a historic district. Also we just had a bunch of crime due to the illegal hispanics who live in the cheap apartments. Shouldn't even be in the top 10 happiest places to live.

Falls Church, VA

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Population: 14,067
Rank Last Year: 2 (Down 1)
Median Income: $124,796
Unemployment Rate: 3.9%
Poverty Rate: 2.7%
More on Falls Church: Real Estate | Data | Photos

Falls Church is an independent city in the U.S. state of Virginia. As of the 2010 census, the population was 12,332. The estimated population in 2015 was 13,892. Falls Church is included in the Washington metropolitan area. Falls Church has the lowest level of poverty of any independent city or county in the United States.

Purcellville, VA

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Population: 9,709
Rank Last Year: 10 (Up 6)
Median Income: $133,735
Unemployment Rate: 4.5%
Poverty Rate: 2.2%
More on Purcellville: Real Estate | Data | Photos

Purcellville is a town in Loudoun County, Virginia, United States. The population was 9,232 according to the United States Census 2015 Population Estimate. Purcellville is the major population center for western Loudoun and the Loudoun Valley. Today, many of the older structures remaining in Purcellville reflect the Victorian architecture popular during the early 20th century. Patrick Henry College is located in the town.

Fairfax, VA

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Population: 23,865
Rank Last Year: 5 (No Change)
Median Income: $111,574
Unemployment Rate: 4.0%
Poverty Rate: 8.7%
More on Fairfax: Real Estate | Data | Photos

Fairfax, colloquially Central Fairfax, Downtown Fairfax, Fairfax City, or the City of Fairfax, is an independent city in the Commonwealth of Virginia. As of the 2010 census the population was 22,565, which had risen to an estimated 24,013 as of 2015.

Herndon, VA

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Population: 24,520
Rank Last Year: 11 (Up 5)
Median Income: $112,835
Unemployment Rate: 4.8%
Poverty Rate: 6.7%
More on Herndon: Real Estate | Data | Photos

Herndon is a town in Fairfax County, Virginia, in the Washington, D.C. metropolitan area of the United States. The population was 23,292 at the 2010 census, which makes it the largest of three incorporated towns in the county.

Alexandria, VA

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Population: 156,505
Rank Last Year: 7 (No Change)
Median Income: $96,733
Unemployment Rate: 3.3%
Poverty Rate: 10.6%
More on Alexandria: Real Estate | Data | Photos

Alexandria is an independent city in the Commonwealth of Virginia in the United States. As of the 2010 census, the population was 139,966, and in 2016, the population was estimated to be 155,810. Located along the western bank of the Potomac River, Alexandria is approximately 7 miles south of downtown Washington, D.C.

Review Of Alexandria by HomeSnacks User

Alexandria is a wonderful place to live and is one of the best places to find a charming, suburban community so close to downtown washington DC. It is an expensive place to live but it has a strong community, many activities for families, and plenty of amenities.

The Del Ray neighborhood is a wonderful and quaint place to visit a farmer's market or get a delicious bite to eat. Old Town is vibrant and filled with excellent food and shopping options.

Bridgewater, VA

Source: Public domain
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Population: 5,983
Rank Last Year: 4 (Down 4)
Median Income: $58,250
Unemployment Rate: 2.9%
Poverty Rate: 6.5%
More on Bridgewater: Real Estate | Data | Photos

Bridgewater is an incorporated town in Rockingham County, Virginia, United States. The population was 5,644 at the 2010 census. It is included in the Harrisonburg, Virginia Metropolitan Statistical Area. Bridgewater is also home to Bridgewater College.

Warrenton, VA

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Population: 9,873
Rank Last Year: 6 (Down 3)
Median Income: $72,119
Unemployment Rate: 4.4%
Poverty Rate: 6.0%
More on Warrenton: Real Estate | Data | Photos

Warrenton is a town in Fauquier County, Virginia, United States. The population was 9,611 at the 2010 census, up from 6,670 at the 2000 census. The estimated population in 2015 was 9,897. Warrenton is the county seat of Fauquier County. It is at the junction of U.S. Route 15, U.S. Route 17, U.S. Route 29, and U.S. Route 211. The town is in the Piedmont region of Virginia, east of the Blue Ridge Mountains. The well-known Airlie Conference Center is 3 miles north of Warrenton, and the historic Vint Hill Farms military facility is 9 miles east. Fauquier Hospital is located in the town. Surrounded by Virginia wine and horse country, Warrenton is a popular destination outside Washington, D.C.

Poquoson, VA

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Population: 12,039
Rank Last Year: 8 (Down 2)
Median Income: $96,831
Unemployment Rate: 5.3%
Poverty Rate: 4.5%
More on Poquoson: Real Estate | Data | Photos

Poquoson is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 12,150. The Bureau of Economic Analysis combines the city of Poquoson with surrounding York County for statistical purposes.

How We Determined The Richest Places In Virginia For 2020

Map Of The Richest Places To Live In Virginia
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 61 places with more than 5,000 people in Virginia, we ranked each place from 1 to 61 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Vienna, crowned the "Richest City In Virginia For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 61 places.

There You Have It - The Wealthiest Places In Virginia For 2020

Like we said earlier, when we set out to identify the richest places in Virginia, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Virginia.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Virginia, according to data:

Poorest: Emporia
2nd Poorest: Petersburg
3rd Poorest: Martinsville

For more Virginia reading, check out:

Detailed List Of The Richest Cities In Virginia

Rank City RichScore Median Income
1 Vienna 3.33 $155,490
2 Leesburg 4.33 $109,176
3 Falls Church 5.33 $124,796
4 Purcellville 6.67 $133,735
5 Fairfax 9.33 $111,574
6 Herndon 10.0 $112,835
7 Alexandria 10.0 $96,733
8 Bridgewater 10.33 $58,250
9 Warrenton 11.0 $72,119
10 Poquoson 12.0 $96,831
11 Christiansburg 12.33 $58,971
12 Virginia Beach 13.33 $74,186
13 Chesapeake 15.67 $75,790
14 Manassas 16.67 $78,462
15 Culpeper 19.33 $60,724
16 Winchester 19.33 $53,797
17 Manassas Park 19.67 $80,667
18 Salem 20.0 $57,185
19 Staunton 20.33 $48,049
20 Fredericksburg 21.67 $63,274
21 Suffolk 22.0 $70,664
22 Strasburg 22.67 $50,625
23 Ashland 23.0 $52,216
24 Dumfries 27.0 $60,076
25 Charlottesville 28.0 $58,933
26 Waynesboro 28.33 $45,738
27 Vinton 30.67 $48,186
28 Covington 31.0 $39,432
29 Newport News 31.33 $51,884
30 Hampton 31.67 $54,550
31 Buena Vista 31.67 $34,273
32 Smithfield 32.67 $67,247
33 Front Royal 33.67 $52,717
34 Colonial Heights 34.0 $53,716
35 Lexington 35.67 $36,466
36 South Boston 36.33 $39,683
37 Harrisonburg 37.33 $43,893
38 Williamsburg 38.0 $56,163
39 Abingdon 38.0 $42,716
40 Lynchburg 38.67 $43,374
41 Portsmouth 39.67 $50,224
42 Norfolk 39.67 $49,146
43 Roanoke 40.33 $43,028
44 Bristol 41.67 $37,904
45 Wytheville 42.0 $47,809
46 Pulaski 44.33 $46,312
47 Franklin 45.0 $40,375
48 Richmond 45.33 $45,117
49 Hopewell 45.33 $40,497
50 Blacksburg 46.0 $37,151
51 Big Stone Gap 46.33 $44,013
52 Radford 47.67 $36,743
53 Marion 49.33 $33,138
54 Galax 50.0 $31,938
55 Farmville 50.67 $37,722
56 Woodstock 51.0 $36,659
57 Danville 51.33 $36,301
58 Richlands 53.0 $30,149
59 Martinsville 53.67 $33,224
60 Petersburg 56.67 $36,135
61 Emporia 59.67 $30,857

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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