Virginia

• Income premium: Households earn well above the national median, supporting strong consumer markets statewide.
• Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 6.5 pts, supports knowledge-economy positioning.

• Largest private-sector industry: Health Care and Social Assistance employs 514,780 workers (17.9% of the tracked sectors), at an average wage of $67,922. Every industry figure on this page is private sector; government employs a further 744,440 and is counted separately.
• Economic scale: State GDP of $761.7B (2024).
• Wage stratification: Professional, Scientific, and Technical Services averages $139,617 while Accommodation and Food Services averages $28,875, a 4.8x spread in the same economy, with implications for workforce development and talent strategy.

• Top specialization: concentrates at 3.70x the national norm, strong concentration that anchors the local economy.
• Cluster depth: 5 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base across the state.
• Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment.

• In line with national: Home value to income ratio of 4.1x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
• Affordable rent tiers: 1 of 5 HUD Fair Market Rent bedroom sizes sit below what a household on the median renter income of $60,343 can pay without cost burden (~$1,509/mo), and 45.3% of renter households are measured as cost-burdened.

• Healthy participation: 67.5% of the population aged 18+ is in the labor force, reflecting a steady, available workforce statewide.

Virginia shows meaningful potential for attraction, with a 3.70x concentration and 21,609 jobs in this sub-sector.

Cluster depth across , professional, scientific, and technical services, and computing infrastructure providers and data processing creates supply-chain attraction leverage, a structural advantage for industrial recruitment.