Pros and Cons of Living In Petersburg, Virginia. Is Petersburg, VA a Nice Place To Live or Retire?

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Petersburg, Virginia

Moving to Petersburg In Virginia ? Is Petersburg, VA a Nice Place To Live? Pros and Cons of Living in Petersburg, Virginia. Find out the best and worst about to live, raise a family or retire in Petersburg.

Petersburg is an independent city in the Commonwealth of Virginia in the United States. As of the 2020 census, the population was 33,458 with a majority black American. The Bureau of Economic Analysis combines Petersburg (along with the city of Colonial Heights) with Dinwiddie County for statistical purposes. The city is 21 miles (34 km) south of the commonwealth (state) capital city of Richmond.

It is located at the fall line (the head of navigation of rivers on the U.S. East Coast) of the Appomattox River (a tributary of the longer larger James River which flows east to meet the southern mouth of the Chesapeake Bay at the Hampton Roads harbor and the Atlantic Ocean). In 1645, the Virginia House of Burgesses ordered Fort Henry built, which...

DEMOGRAPHICS

Population
30791
Unemployment
12.6%
168% NAT AVG.
Poverty
22.6%
61% NAT AVG.
Cost Of Living
92
8% NAT AVG.

ECONOMICS

Median Home Cost
$111800
51% NAT AVG.
Median Income
$43029
36% NAT AVG.
Median Rent
$958
17% NAT AVG.
Overall Score
3

CRIME REPORT

Total Crime
1004
37% NAT. AVG.
93% STATE AVG.
Violent Crime
197
63% NAT. AVG.
203% STATE AVG.
Property Crime
807
32% NAT. AVG.
78% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 8
People Earning < $10,000
1 in 9
People Earning < $50,000
60.1%
People With Any Degree
1 in 3.6

ETHNICITY

Ethnicity Petersburg USA
White 15% 60.1%
African American 76.3% 12.2%
American Indian 0.4% 0.6%
Asian 1% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.2% 2.8%
Hispanic 4.9% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Petersburg USA
Less than $10,000 11.7% 5.8%
$10,000 to $14,999 6.2% 4.1%
$15,000 to $24,999 12.8% 8.5%
$25,000 to $34,999 9.6% 8.6%
$35,000 to $49,999 19.8% 12.0%
$50,000 to $74,999 18.4% 17.2%
$75,000 to $99,999 11.6% 12.8%
$100,000 to $149,999 7.6% 15.6%
$150,000 to $199,999 1.1% 7.1%

EDUCATION

Education Petersburg USA
< 9th Grade 6% 5.0%
9-12th Grade 10% 7.0%
High School or GED 35% 27.0%
Other College 21% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 13% 20.0%
Master's Degree 6% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
Petersburg is a city in Virginia state in USA with a population of 30791 residents.. The poverty rate of Petersburg is 22.6%, which is 61% higher than national average. The typical household in Petersburg earns $43029 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 60.1% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Petersburg are struggling financially. Nearly one in every 1 in every 8 workers in Petersburg is unemployed. The unemployment rate of Petersburg remained 12.6%, which is 168% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census.

Cost of living in Petersburg is 92, which is 8% lower than national average. In Petersburg, only 21% of adults have a bachelor's degree and 28% have some college but no degree. Median home value in Petersburg is $111800 , which is 51% lower than national average. While median income in Petersburg remained $43029, which is 36% lower than national average.
Petersburg Scorecard

Jobs40%

Housing60%

Affordability60%

Safety40%

Amenities85%

Diversity80%

Education60%

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