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Chesterfield County, VA

Migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
98
2% below the U.S. average
Median home value
$336,700
national $303,400
Home prices, 5 years
+55.7%
over the 5 years to 2023
Monthly rent
$1,542
national $1,348
Homeownership
77%
national 65%
Unemployment
2.7%
national 3.6%
Household income
$98,910
national $78,538
Median age
38.9 yrs
national 38.7

Cost of living is the metro-area price level for Richmond, VA.

The cost of living runs about 2% below the national average. The median home is valued at $336,700 (nominal). Home prices have risen about 56% over the five years to 2023. Median rent is about $1,542 a month. Unemployment averaged 2.7% in 2023 (national 3.6%). Median household income is $98,910. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Chesterfield County, VA saw a net gain of 575 tax-filing households and a net gain of 1,913 individuals. Against a population of about 383,876, that is a net inflow of about 5 per 1,000 residents. On net, the area gained $105.4M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 2,452 households, came from Richmond City; the largest outflow, about 2,108 households, went to Richmond City. In the prior (2022) filing year, the area saw a net gain of 5,121 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
+$105.4M
nominal dollars
Net households
+575
tax returns
Net people
+1,913
exemptions

+5.0 net people per 1,000 residents (population 383,876)

Income (AGI) in and out

Moved in$903M
Moved out$797.6M
Net +$105.4M (nominal)
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Chesterfield County within Virginia

Chesterfield County is outlined, with arrows tracing its largest moves to and from other Virginia counties. Hover any county for its figures; click to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
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Where movers came from

  1. 1Richmond City, VA2,452$145.6M
  2. 2Henrico County, VA1,870$142M
  3. 3Petersburg City, VA356$15.6M
  4. 4Fairfax County, VA247$30.8M
  5. 5Colonial Heights City, VA241$15M
  6. 6Hanover County, VA217$15.6M
  7. 7Powhatan County, VA213$24.9M
  8. 8Prince George County, VA187$10.2M
  9. 9Hopewell City, VA159$7.2M
  10. 10Dinwiddie County, VA136$6.5M
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Where movers went

  1. 1Richmond City, VA2,108$103.1M
  2. 2Henrico County, VA1,389$96.8M
  3. 3Petersburg City, VA399$16.2M
  4. 4Powhatan County, VA365$33.7M
  5. 5Hanover County, VA295$25.8M
  6. 6Colonial Heights City, VA255$12.6M
  7. 7Prince George County, VA223$14.8M
  8. 8Hopewell City, VA218$8.9M
  9. 9Dinwiddie County, VA201$10.7M
  10. 10Amelia County, VA162$11.3M
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Churn by county · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

Richmond City, VA2,4522,108+344+$42.4M
Henrico County, VA1,8701,389+481+$45.2M
Petersburg City, VA356399-43-$586K
Powhatan County, VA213365-152-$8.8M
Hanover County, VA217295-78-$10.2M
Colonial Heights City, VA241255-14+$2.4M
Prince George County, VA187223-36-$4.6M
Fairfax County, VA247132+115+$21.4M
Hopewell City, VA159218-59-$1.7M
Dinwiddie County, VA136201-65-$4.2M
Amelia County, VA88162-74-$6.8M
Goochland County, VA83147-64-$14M

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

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Net migration by year

Net 2012–2023: +$862.4M (+37,486 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012+$9.3M+880
2013+$36.8M+2,720
2014+$14M+2,069
2015-$4.5M+489
2016+$17M+2,642
2017+$73.2M+5,328
2018+$46.9M+3,008
2019+$104.4M+3,952
2020+$83.8M+4,526
2021+$150.5M+4,838
2022+$225.6M+5,121
2023+$105.4M+1,913
Migration in context

How big is this move, relative to the county?

In the 20222023 filing year, about 1,913 more people moved into Chesterfield County, VA than left (counting tax filers and their dependents) — a net gain of about $105.4M in income (nominal) — in a county of 385,138 people.

Population
385,138
Census 2023 estimate
Net migration rate
+5.0
net people per 1,000 residents
A town of 10,000 would net about +50 people.
Net income per resident
+$274
nominal dollars
+$105.4M total across 385,138 residents.

The rate lets you compare Chesterfield County, VA with a countyof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

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Components of population change · 2023 (Census)

Where the county’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+4,177
Deaths
-3,140
Net domestic migration
+3,542
Net international migration
+1,869
Total change
+6,399

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

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Income & cost of living

What a dollar is worth here

Prices around Chesterfield County, VA run about 2% below the national average. In plain terms: $100 spent here buys about what $102 buys in the average American community. The figures below apply that to income, each compared to the U.S. average of $70,002 per person.

Income per person
$66,398
what people here earn (BEA 2023, nominal)
5% below the U.S. average
Price level
98.3
100 = U.S. average prices (BEA price parity)
everyday costs about 1.7% lower than average
What that income buys
$67,521
local income restated at U.S.-average prices
4% below the U.S. average
Cheaper than U.S. avgU.S. average (100)Pricier

Cost of living shown for the Richmond, VA metro area (BEA publishes price parities by metro, not by county).

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Where the cost comes from · price parity by category

Index where 100 = U.S. average for that category. Housing is usually what separates one place from another.

Housing & rents101.0
Goods97.1
Utilities88.8
Other services98.9

Housing is measured from rents (including an estimated rental value for owner-occupied homes), so a run-up in purchase prices shows here only as it reaches rents. Source: U.S. Bureau of Economic Analysis. Covers all residents, a separate universe from the IRS filer income above. How the data works.

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Who lives here

The people of Chesterfield County, VA

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
38.9
years
Median household income
$98,910
per household (ACS 2019–2023, nominal)
26% above the U.S. median
College degree
43%
adults 25+ with a bachelor's or higher
Poverty rate
6.8%
residents below the poverty line
Average commute
26 min
mean travel time to work
Broadband at home
94%
households with any broadband
Race and ethnicity (share of residents)
White 57%Hispanic 11%Black 23%Asian 4%Other 5%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

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Housing · what it costs to live here (ACS 2019–2023)

Median home value
$336,700
owner-occupied homes
11% above the U.S. median
Median rent
$1,542
gross rent per month
14% above the U.S. median
Homeownership
77%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+10.0%
price change, 2022 to 2023
Past 5 years
+56%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

New home construction · building permits, 2023
3,194new housing units authorized in 2023
Single-family 54%Multifamily 46%

Units authorized by residential building permits (new supply), summed from counties for the state and U.S. Permits are authorizations, not completions. Source: U.S. Census Bureau, Building Permits Survey.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

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Local economy & risk

Jobs and natural hazards

Unemployment rate
2.7%
BLS 2023 annual average
Labor force
204,161
198,599 employed
Disaster declarations
major federal, 2023

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

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Unemployment now
3.3%
April 2026 · ▲ 0.4 points vs April 2025
January 2024April 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this county, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

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How Chesterfield County, VA has voted. Certified returns, popular vote only. This is a separate dataset from the migration figures on this page.

YearDemocraticRepublicanOtherMarginTotal
2024112,86994,0302,831D +9.0209,730
2020106,93593,3263,694D +6.7203,955
201681,07485,04510,342R +2.3176,461
201277,69490,9342,360R +7.7170,988
200874,31086,4131,365R +7.5162,088
200449,34683,745723R +25.7133,814
200038,63869,9242,389R +28.2110,951

Source: MIT Election Data and Science Lab county returns (CC0). Margins are the popular-vote gap as a share of all votes cast.

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