Starting a Business in Henrico County, VA

What does it cost to start a business in Henrico County? Here are the numbers.

Avg Startup Cost

$61,818

Monthly Overhead

$2,070

Est. Break-Even

30 mo

Runway

30 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$2,070/mo
Median Household Income$82,424
Property Tax Rate0.7%

Population (market size)333,120

Market Context

Median Home Value$309,700
Homeownership Rate64.6%
Median Rent$1,380/mo

CountyHenrico County

About Henrico County, Virginia

Henrico County in Virginia has a population of 333,120 and a median household income of $82,424. The larger population base provides a strong potential customer pool for new businesses.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Henrico County

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.