Fredericksburg is a medium-sized city located in the state of Virginia. With a population of 28,757 people and 44 associated neighborhoods, Fredericksburg is the 37th largest community in Virginia. There's nothing like the smell of a brand new house, and in Fredericksburg, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Fredericksburg, and putting down their money on brand new construction. Fredericksburg’s real estate is, on average, some of the newest in the nation. Fredericksburg does seem to be experiencing an influx of affluent people, because the median household income is $83,445.00. Fredericksburg home prices are not only among the most expensive in Virginia, but Fredericksburg real estate also consistently ranks among the most expensive in America.Fredericksburg is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Fredericksburg is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Fredericksburg who work in management occupations (12.32%), business and financial occupations (10.26%), and office and administrative support (9.89%). Also of interest is that Fredericksburg has more people living here who work in computers and math than 95% of the places in the US. Telecommuters are a relatively large percentage of the workforce: 11.95% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.Because there are quite a few people attending college in Fredericksburg, it is thought of as a college town. To the benefit of the many students in the area, Fredericksburg provides a number of services, amenities and opportunities geared towards their needs and activities. The education level of Fredericksburg ranks among the highest in the nation. Of the 25-and-older adult population in Fredericksburg, 43.48% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree. The per capita income in Fredericksburg in 2022 was $43,063, which is upper middle income relative to Virginia and the nation. This equates to an annual income of $172,252 for a family of four. However, Fredericksburg contains both very wealthy and poor people as well. Fredericksburg is an extremely ethnically-diverse city. The people who call Fredericksburg home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fredericksburg residents report their race to be White, followed by Black or African-American. Fredericksburg also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.71% of the city’s residents. Important ancestries of people in Fredericksburg include English, German, Irish, Italian, and European. The most common language spoken in Fredericksburg is English. Other important languages spoken here include Spanish and African languages.
