Starting a Business in Petersburg city, VA

What does it cost to start a business in Petersburg city? Here are the numbers.

Avg Startup Cost

$35,198

Monthly Overhead

$1,623

Est. Break-Even

30 mo

Runway

22 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,623/mo
Median Household Income$46,930
Property Tax Rate1.0%

Population (market size)33,261

Market Context

Median Home Value$147,200
Homeownership Rate37.4%
Median Rent$1,082/mo

CountyPetersburg city

About Petersburg city, Virginia

Petersburg city in Virginia has a population of 33,261 and a median household income of $46,930. The moderate population offers opportunities for niche businesses with less competition.

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.

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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.