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#10

Virginia

β€œThe Old Dominion”

Admitted: June 25, 1788
Capital: Richmond
8.6M people
$668.5B GDP

What Makes Virginia Beautiful

Virginia is steeped in beauty and history, from Shenandoah Valley's misty blue ridges and Skyline Drive's mountain panoramas to the tidewater's colonial charm and Virginia Beach's Atlantic shores. The Natural Bridge towers as a limestone arch over Cedar Creek, while Chincoteague's wild ponies roam barrier island beaches.

Shenandoah National ParkNatural BridgeLuray CavernsChincoteague IslandBlue Ridge Parkway (VA section)

Key Metrics

8.6M

Population

$668.5B

GDP

+5.5%

GDP Growth (5yr)

$87.2K

Median Income

9.3%

Tax Burden

History

1607

Jamestown founded, the first permanent English settlement

1776

Virginia Declaration of Rights inspires the Bill of Rights

1788

Ratifies the Constitution as the 10th state

1865

Lee surrenders at Appomattox Court House, ending the Civil War

1926

Shenandoah National Park established along the Blue Ridge

Top Cities

#1

Virginia Beach

460K

Largest city; resort destination; military presence

#2

Norfolk

238K

World's largest naval station; port city

#3

Chesapeake

250K

Great Dismal Swamp; suburban community

#4

Richmond

230K

State capital; former Confederate capital; craft beer

#5

Arlington

238K

Pentagon; Arlington National Cemetery; D.C. suburb

Economy & Industry

Core Industries

Federal GovernmentDefenseTechnologyAgricultureTourismShipbuilding

Natural Resources

Crushed StoneSand and GravelCoalLime

Energy Portfolio

Natural Gas
52%
Nuclear
28%
Coal
3%
Wind
3%
Solar
8%
Other Renew.
6%

Budget & Fiscal Health

$72.8B

State Budget

$70.5B

State Revenue

$-2.3B

Fiscal Balance

Social Indicators

9.6%

Poverty Rate

40.5%

College Degree

6.5%

Uninsured

208/100K

Crime Rate

Where is Virginia Headed?

GDP Projections ($B)

Scenario1yr5yr10yr25yr50yr
Optimistic$678B$718B$770B$953B$1360B
Baseline$676B$706B$746B$879B$1155B
Pessimistic$673B$691B$714B$788B$929B

Political Landscape

D
R

D+2

Data timestamp: 2025-Q1 Β· Sources: U.S. Census Bureau, BEA, EIA, FBI UCR