With an area of 42,772.2 square miles, the state of Virginia is ranked 35th in the nation. With a population of 8,326,289 as it was estimated at 2014, the state is ranked 12th in the nation. Its capital city is Richmond and the landmarks of the state are “Busch Gardens Williamsburg”, “Shenandoah National Park” and “Virginia Beach Oceanfront”.
The educational system in Virginia ranks in the top ten out of the 50 states. 176 colleges and universities are located here, such as: the University of Virginia, the college of William and Mary, Virginia Tech, etc.
The state’s unemployment rate is among the lowest in the nation with 4.8% as it was estimated in December 2014. The gross domestic product of the state was estimated to be $452 billion back in 2013. Virginia has the 7th largest number of millionaires per capita in the United States with a rate of 6.64%. With the fourth highest number of technology workers, after California, Texas and New York and with its computer chips, the state of Virginia became the highest-grossing export in 2006. Four years in a row the state of Virginia is considered as the best state in the nation for business, by the Forbes magazine. Tourism is a major sector in the state’s economy and generated $21.2 billion in 2012 and supported 210,000 jobs. About 32% of the land in Virginia is occupied with agriculture and in 2012 it was estimated that around 357,000 Virginians were occupied in this sector.
The personal income tax in Virginia is ranging from 3.0% to 5,75% and the state sales and use tax rate is 4.3%. Also, the food tax rate in the state is 1.5%. Virginia’s cost of living is 108.30, which means that the cost of living is more expensive than the average state in the country.