Richmond
VA
Comprehensive business data, market statistics, and demographic insights for Richmond, VA. Census-backed market intelligence updated annually.
Market Signal Report
Curated Intelligence. We analyzed 566 local industries to isolate distinct economic patterns—from rapid acceleration to uncrowded markets.
These are not random picks. We filtered the census database to identify the strongest statistical match for distinct economic strategies.
- > High Momentum (Biz Count Growth)
- > Supply Gaps (Low Competition)
- > Market Anchors (High Volume)
Telecommunications Resellers
While the average sector grew flat, Telecommunications Resellers surged 3.3% from 2018 vs 2023. This is the fastest-moving opportunity in the market.
Fruit and Vegetable Retailers
Growing demand (2018 vs 2023) with surprisingly low competition level. A classic supply-gap opportunity with strong margins.
Other Financial Vehicles
Professional industry driven by high-value human capital. High barrier to entry due to specialized workforce requirements.
Clay and Ceramic and Refractory Minerals Mining
Dominated by a few key players. High consolidation often indicates mature market dynamics.
Full-Service Restaurants
Zero volatility. Growth matches population exactly. A proven, volume-based sector for long-term consistency.
View All Niches
See full table (566 Rows)
Richmond Market Intelligence
566 Industries Analyzed • 2018 vs 2023 Data
Richmond presents 566 market niches across diverse sectors. Competition is intense with 227 saturated sectors requiring differentiation strategies. Consider: Fruit and Vegetable Retailers, Telecommunications Resellers.
| Niche (NAICS) | Competition | Growth Rate | Businesses | Avg Team | Avg Salary |
|---|---|---|---|---|---|
Full-Service Restaurants#722511 | 1.04 | -2.2% | 1,105 | 20.5 | $26.1K |
Limited-Service Restaurants#722513 | 0.93 | +5.7% | 1,044 | 19.2 | $20.7K |
Religious Organizations#813110 | 1.34 | -3.8% | 976 | 10.7 | $32.7K |
Offices of Physicians (except Mental Health Specialists)#621111 | 0.86 | -9.1% | 742 | 19.1 | $123.4K |
Offices of Real Estate Agents and Brokers#531210 | 0.98 | +35.1% | 681 | 3.0 | $79.9K |
Offices of Lawyers#541110 | 0.84 | -7.7% | 586 | 9.9 | $125.7K |
Residential Remodelers#236118 | 1.03 | +12.7% | 578 | 3.8 | $51.5K |
Insurance Agencies and Brokerages#524210 | 1.03 | -9.5% | 559 | 6.3 | $98.6K |
Landscaping Services#561730 | 1.08 | +12.6% | 528 | 8.6 | $49.9K |
Plumbing, Heating, and Air-Conditioning Contractors#238220 | 1.02 | +2.2% | 465 | 18.6 | $72.9K |
Offices of Dentists#621210 | 0.81 | +10.0% | 463 | 10.0 | $70.3K |
Administrative Management and General Management Consulting Services#541611 | 1.01 | +33.5% | 446 | 7.1 | $108.5K |
Beauty Salons#812112 | 1.23 | +7.3% | 439 | 4.6 | $37.2K |
Gasoline Stations with Convenience Stores#447110 | 1.05 | -17.6% | 392 | 11.0 | $26.5K |
General Automotive Repair#811111 | 1.11 | -2.3% | 381 | 5.4 | $57.1K |
Electrical Contractors and Other Wiring Installation Contractors#238210 | 1.07 | +4.3% | 364 | 13.8 | $72.0K |
Commercial Banking#522110 | 1.06 | -13.3% | 340 | 28.9 | $92.2K |
Janitorial Services#561720 | 1.16 | -19.9% | 330 | 13.6 | $28.8K |
Child Care Services#624410 | 0.89 | +0.7% | 300 | 16.0 | $27.6K |
Computer Systems Design Services#541512 | 1.14 | -4.1% | 278 | 10.3 | $65.5K |
Offices of Mental Health Practitioners (except Physicians)#621330 | 1.38 | +72.2% | 272 | 6.6 | $44.1K |
Engineering Services#541330 | 1.01 | +3.9% | 266 | 23.5 | $94.4K |
Convenience Stores#445120 | 1.71 | +18.8% | 259 | 5.3 | $20.1K |
Hotels (except Casino Hotels) and Motels#721110 | 1.18 | +5.3% | 257 | 22.1 | $28.7K |
All Other Specialty Trade Contractors#238990 | 1.46 | +15.8% | 256 | 7.1 | $65.7K |
Understanding Your Data
How to read the numbers and what to do next.
We pull directly from official U.S. Census Bureau records (specifically County Business Patterns & Nonemployer Statistics). We don't use estimates or opinions—we simply clean and organize the government's raw data so you can actually use it.
VERIFIED
MARKET
DATA
We built this platform to provide the foundational data you need to navigate your market's landscape and competitive dynamics.
Straight from the Source
We pull raw numbers directly from the U.S. Census Bureau. You're looking at the same data used by banks and city planners, simplified for clarity.
Data-First Methodology
We focus exclusively on the numbers. Our rankings are driven by objective metrics like growth and density, ensuring you see the market exactly as the data reports it.
Transparent Logic
No secret formulas. We show you the raw metrics—Growth, Density, and Volume—so you can verify the math yourself.