Hopewell City County · Virginia · South · 23k residents
Hopewell, VA: economy, jobs & business costs
The site-selection read on Hopewell: labor costs, talent, corporate tax, energy, and business activity, with the Virginia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,325/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Hopewell side by side
Avg. weekly wage
$1,325/wk
Corporate income tax
6%
Bachelor's degree or higher
13.7%
Commercial electricity
8.7¢/kWh
Economic momentum
How fast Hopewell's economy is moving, ranked against the US cities we track.
57/100
Steady
Ranks Hopewell's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $181,600 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $922/mo |
| 2-bedroom rent | $1,058/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,325/wk |
| Bachelor's degree or higher | 13.7% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | 23.5/1k |
| Wage: Software developer | $136,460 |
| Wage: Registered nurse | $93,600 |
| Wage: General manager | $122,080 |
| Wage: Customer service | $42,730 |
| Wage: Warehouse worker | $36,380 |
| Wage: Heavy truck driver | $56,860 |
| Wage: Electrician | $62,900 |
| Wage: Retail salesperson | $34,240 |
| Cost of living index | 85 |
| Groceries index | 100 |
| Utilities | $175/mo |
| Transit pass | $70/mo |
| Gas price | $3.15/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,250/mo |
| Median household income | $54,729 |
| Unemployment rate | 2.9% |
| Population | 23k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | 17/100 |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 90°F |
| January low | 31°F |
| Annual snowfall | 4 in |
| Home price YoY | +2.4% |
| Home price MoM | -0.3% |
| Rent YoY | -0.1% |
| Rent MoM | -1.6% |
| Employment (jobs) YoY | +1.2% |
| Building permits YoY | -26.2% |
| Ocean coast | 79 mi |
| Big lake | 62 mi |
| Mountains | 104 mi |
| Major airport | 15 mi |
| Ski resort | 98 mi |
Popular comparisons
Nearby
- Colonial Heights, VA · 18k
- Chester, VA · 24k
- Petersburg, VA · 34k
- Meadowbrook, VA · 21k
- Richmond, VA · 229k
Similar size
- Waynesboro, VA · 23k
- Christiansburg, VA · 23k
- McNair, VA · 23k
- West Springfield, VA · 23k
- Montclair, VA · 22k
Real listings in Hopewell
LoopNet ↗Crexi ↗CommercialCafe ↗
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- Is Hopewell a good place to run a business?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,325/wk; commercial electricity averages 8.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Hopewell, VA?
- Hopewell indexes at 85 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,058/mo and a acs median home value of $181,600.
- How much does a house cost in Hopewell?
- The acs median home value in Hopewell is $181,600 (Census ACS estimate; individual listings vary).
- How much is rent in Hopewell?
- A two-bedroom in Hopewell rents for about $1,058/mo.