Local Economy

Chesterfield has a $22.4 billion local economy characterized by a strong industrial base and a diversified economic structure.

There are more than 10,300 companies operating in Chesterfield. Forty-five internationally-owned companies, representing fourteen countries, have facilities in the county.

Over the past six years, announced investment for new commercial and industrial projects has surpassed $8.37 billion.

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Select Economic Indicators for Chesterfield County, Virginia

  • Civilian labor force (April 2024): 200,645

  • Unemployment rate (April 2024): 2.3%

  • Real Gross Domestic Product (2023): $22.4 billion

  • Taxable retail sales (2023): $5.809 billion
  • Median household income (2023): $119,712
  • Per capita income (2023): $45,997
  • Total number of jobs in the county (June 2024): 147,160
  • Total number of businesses in the county (June 2024): 10,329
  • Total number of new startup firms in the county (2023): 467

Businesses, Jobs and Wages in Chesterfield County

Economic Development Announcements Totals by Year

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