From a thriving economy to top-tier education and a high quality of life, Virginia continues to shine as one of the best places to live in the U.S.

Virginia has once again proven its appeal as a great place to live, being named the 11th best state to live in by WalletHub in their 2024 rankings. The Commonwealth’s strong economy, educational opportunities, and high quality of life have consistently placed it among the top contenders in national rankings, and this year is no different.

Overview of WalletHub’s 2024 Rankings

WalletHub‘s annual “Best States to Live In” ranking compares all 50 states using 51 key indicators of livability. These factors include everything from housing affordability and economic strength to healthcare quality and safety. This year, WalletHub analyzed states based on five main categories: affordability, economy, education and health, quality of life, and safety. Virginia’s overall position at number 11 highlights its strong performance across several of these categories, cementing its status as a prime location for those seeking a balanced, fulfilling lifestyle.

Virginia’s Strengths in the Rankings

One of Virginia’s standout strengths is its economy, which continues to attract individuals and families alike. Home to major corporations, a thriving tech sector, and a resilient job market, Virginia offers diverse opportunities for career growth. The state also benefits from its proximity to Washington, D.C., making Northern Virginia an economic powerhouse with high-paying job opportunities in sectors like defense, technology, and government contracting.

Another key factor in Virginia’s ranking is its focus on education and health. Virginia is home to several top-tier universities, including the University of Virginia and Virginia Tech, both of which contribute to the state’s strong reputation for higher education. Additionally, Virginia’s healthcare system is widely regarded as accessible and high-quality, with numerous hospitals and healthcare providers consistently ranked among the best in the country.

In terms of quality of life, Virginia offers a rich blend of outdoor recreation, cultural heritage, and urban amenities. From the Blue Ridge Mountains and Shenandoah National Park to the vibrant city life in Richmond and Hampton Roads, Virginia provides something for everyone. The state’s commitment to preserving its natural beauty while promoting growth in its cities makes it an attractive place for both nature lovers and those seeking the conveniences of urban living.

Despite its strong showing, Virginia didn’t achieve a top 10 ranking, partly due to its performance in areas like affordability. While Virginia offers many economic opportunities, housing costs in parts of the state, particularly in Northern Virginia, are significantly higher than the national average. Affordability remains a challenge for residents in these areas, even though more affordable options can be found in regions like Richmond and Southwestern Virginia.

In addition, safety metrics also played a role in Virginia’s score. While Virginia is generally considered a safe state, crime rates in some urban areas could be improved. However, the state’s safety ranking still fares well compared to many others, and ongoing efforts are being made to address these concerns.

Comparisons to Neighboring States

Virginia’s ranking places it above several of its neighbors, including West Virginia and North Carolina, but slightly below Maryland, which ranked 9th. Virginia and Maryland share many similarities, such as strong economies and proximity to Washington, D.C., but Virginia’s slightly lower affordability in some areas may explain the difference in their rankings.

Compared to North Carolina, which ranked 14th, Virginia holds the edge due to its more robust economy and higher-quality healthcare and educational systems. This makes Virginia a particularly appealing option for individuals who prioritize career opportunities and access to top-tier education.

Virginia’s continued appeal stems from a combination of factors that make it ideal for a wide range of residents. Job growth, particularly in fields like technology, healthcare, and defense, offers ample employment opportunities. Additionally, Virginia’s top-ranked universities attract students from all over the country, many of whom decide to stay and contribute to the state’s workforce after graduation.

Regions like Northern Virginia and Hampton Roads are particularly attractive to young professionals, while areas like Richmond and Charlottesville offer a mix of small-town charm and urban sophistication. Virginia also boasts a rich historical legacy, with landmarks like Colonial Williamsburg and Monticello, which attract both tourists and residents who appreciate the state’s role in American history.

Virginia’s ranking as the 11th best state to live in by WalletHub is a testament to its enduring appeal. With a strong economy, excellent educational opportunities, and a high quality of life, the Commonwealth continues to draw people from across the country. While there are areas for improvement, Virginia’s overall livability and wide-ranging opportunities make it an exceptional place to call home.

Whether you’re looking to advance your career, raise a family, or enjoy the great outdoors, Virginia has much to offer. Explore what makes this state one of the best places to live in America.