American Financial Services Association - Virginia
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American Financial Services Association

Virginia

Virginia

Virginia (VA)


Capital: Richmond

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State Code

Facts & Statistics

STATE STATISTICS
Population 2023 8,715,698
Population 2022
8,683,619
Population 2021 8,657,365
Population 2020
8,590,563
Population 2019 8,556,642
Population 2018
8,517,685
Population 2017 8,465,207
Population 2016 8,410,946
Below Poverty 2022 10.6
Below Poverty 2021 10.2
Below Poverty 2020 10
Below Poverty 2019 9.9
Below Poverty 2018 9.8
Below Poverty 2017 10.6
Below Poverty 2016 11
Employment – Population Ratio 2022
60.8
Employment – Population Ratio 2021 60.1
Employment – Population Ratio 2020 64.6
Employment – Population Ratio 2019 64.3
Employment – Population Ratio 2018
63.2
Employment – Population Ratio 2017 62.9
Employment – Population Ratio 2016 62.1
Unemployed 2022 3.3
Unemployed 2021 4.8
Unemployed 2020 4.9
Unemployed 2019 2.9
Unemployed 2018 3
Unemployed 2017 3.7
Unemployed 2016 4.1
Foreclosure Rate 2024 1 in 2,067
Forelcosure Rate 2021 1 in 1,212
Foreclosure Rate 2018 1 of 2,613
Median Household Income 2021 80,268
Median Individual Income 2022 67,918
High School Graduation Rate 2022 92.1
High School Graduation Rate 2021 93
High School Graduation Rate 2020 92.3
High School Graduation Rate 2019 91.5
High School Graduation Rate 2018 91.6
Median Mortgage Payment 2021 1,818
GDP 2023 590.80 Billion
GDP 2022 576.96 Billion
GDP 2021 562.89 Billion
GDP 2020 533.83 Billion
GDP 2019 541.07 Billion
GDP 2018 527.77 Billion
STATE FACTS
Jamestown was the first English settlement in the U.S. It was also the first capital of Virginia.
Six Presidents’ wives were born in Virginia: Martha Washington, Martha Jefferson, Rachel Jackson, Letitia Tyler, Ellen Arthur, Edith Wilson.
The College of William and Mary in Williamsburg is the second oldest in the United States, it was founded in 1693.

 

Government

ELECTED OFFICIALS
 Governor
 Glenn Youngkin (R)
 Lieutenant Governor   Winsome Sears (R)
 Attorney General Jason Miyares (R)
 Secretary of the Commonwealth (Appointed) Kelly Gee (R)
 State Senate Control D – 21; R – 19
 State House Control D – 51; R – 49

 

 

Legislative Process

LEGISLATIVE DATES AND DEADLINES
Convenes January 8, 2025
Sine Die Adjournment February 22, 2025
Committee Action Deadlines N/A
Crossover Deadline February 4, 2025
Carryover from Previous Session No
Governor’s Signing Deadline (in session) Seven days
Governor’s Signing Deadline (after adjournment) 30 days from adjournment
Veto Override 2/3 majority
Legislation Effective Date July 1 following adjournment

 

 

Notable Laws & Legislation

SAFE Act
Security Breach Notification Law

AFSA Comment Letters

Enforcement

No Recent AG Enforcement

Regulatory Actions

Regulatory Guidelines
  • No Regulatory Guidelines

 

Advocacy, Initiatives & Reports

Advocacy

Trade Associations

  • Virginia Financial Services Association

 

Political Geography


Map of Legislative Districts
(Click to Enlarge)

County Map
(Click to Enlarge)