Fredericksburg is a medium-sized city located in the state of Virginia. With a population of 28,928 people and 44 associated neighborhoods, Fredericksburg is the 37th largest community in Virginia. Much of the housing stock in Fredericksburg was built relatively recently. The construction of new real estate can often be taken as an indication that the local Fredericksburg economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Fredericksburg, where the median household income is $85,368.00.

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.

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: 14.20% 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.

Fredericksburg is also a college town, where lots of students live while attending area colleges. Because of the high percentage of people living in Fredericksburg enrolled in college, Fredericksburg has a number of services, amenities and opportunities geared towards the needs and activities of students.

Fredericksburg, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the city.

Fredericksburg is one of the most well-educated cities in the nation. 46.79% of adults in Fredericksburg have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.

The per capita income in Fredericksburg in 2022 was $46,503, which is upper middle income relative to Virginia and the nation. This equates to an annual income of $186,012 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 12.36% 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.