Albemarle County, Virginia Income Statistics
Albemarle County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Albemarle County Around averageWealthier than 84% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Albemarle County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,612 | $93,527 | $80,455 |
| Median Personal Income | $72,613 | $68,139 | $60,758 |
| Average Yearly Income Growth | 5.2% | 4.3% | 4.8% |
| Six-Figure Earners | 21.2% | 18.3% | 13.9% |
| $200k+ Households | 20.0% | 17.7% | 13.2% |
The median household income in Albemarle County is about 12% higher than in Virginia. Income has been growing faster in Albemarle County (5.2%/yr) than in Virginia (4.3%/yr).
About 21% of adults in Albemarle County earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Albemarle County, Virginia grew by 62.2% from 2009 to 2024, reaching $104,612 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Albemarle County
| Metric | Albemarle County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.544 | 0.552 |
| Male Median Income | $88,127 | $78,585 | $69,667 |
| Female Median Income | $68,460 | $62,626 | $56,850 |
| Gender Pay Gap | 22.3% | 20.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Albemarle County, it is 0.533, lower than Virginia's 0.544, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Albemarle County, Virginia. Over a 35-year career, a 29% wage gap accumulates to roughly $688,345 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Albemarle County, Virginia has widened from about 21% to 22% in 2024. Over that period the gap was widest at 24% in 2016, and was narrowest at 18% in 2021. In dollar terms, the gap has widened by $8,372 since 2009.
Against the trend: the pay gap in Albemarle County widened by 1.0 points while Virginia's narrowed by 3.2 points.
Employment
| Metric | Albemarle County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.1% | 5.2% |
| Working from Home | 21.7% | 18.3% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 1,981 people are unemployed in Albemarle County, Virginia.
The average commute time in Albemarle County is 20 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Albemarle County, Virginia has fallen from 4.3% to 3.4% in 2024. Over that period the rate peaked at 4.5% in 2013 and fell as low as 2.5% in 2019.
Albemarle County, VA Wealth Compared With Nearby Counties
Albemarle County, VA is the largest of the 4 counties compared here, 114,898 residents against a local median of 21,143. Albemarle County, VA's median household income, at $104,612, runs 15% above the $90,893 typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread $22,763 on median household income, so Albemarle County, VA sits at one end of an already wide local range rather than apart from it. Albemarle County, VA has the highest median household income of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Albemarle County, VA | 114,898 | $104,612 #1/4 | 5.2%/yr #1/4 | 3.4% #3/4 | 0.533 #3/4 |
| Greene County, VA | 21,143 | $90,893 | 4.8%/yr | 1.8% | 0.518 |
| Fluvanna County, VA | 28,092 | $97,117 | 4.8%/yr | 4.2% | 0.539 |
| Nelson County, VA | 14,732 | $74,353 | 4.8%/yr | 3.3% | 0.531 |
Conclusion
Considering all these factors, Albemarle County, Virginia has an overall wealth index grade of B, making it somewhat better than Virginia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Albemarle County, Virginia.
How Wealthy Is Albemarle County, Virginia?
Albemarle County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $104,612, about 12% higher than the Virginia average of $93,527.
How has median household income changed in Albemarle County, Virginia?
Between 2009 and 2024, the median household income in Albemarle County, Virginia rose 62%, from $64,501 to $104,612. Over the same years, income here outpaced Virginia as a whole: +62% against +55%.
What was the median household income in Albemarle County in 2023?
In 2023, the median household income in Albemarle County, Virginia was $102,791, up 5% from $97,563 in 2022. The Virginia median that year was $91,420.
What was the median household income in Albemarle County in 2020?
In 2020, the median household income in Albemarle County, Virginia was $84,102. By 2024 it had risen 24% to $104,612.
What is the Gini coefficient in Albemarle County, Virginia?
The Gini coefficient in Albemarle County is 0.533. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Albemarle County, Virginia?
Since 2009, the income gap between men and women in Albemarle County, Virginia has widened from about 21% to 22% in 2024. Over that period the gap was widest at 24% in 2016, and was narrowest at 18% in 2021. In dollar terms, the gap has widened by $8,372 since 2009.
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