Alexandria, Virginia Income Statistics
Alexandria Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Alexandria Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Alexandria | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,677 | $93,527 | $80,455 |
| Median Personal Income | $95,969 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.3% | 4.8% |
| Six-Figure Earners | 35.3% | 18.3% | 13.9% |
| $200k+ Households | 25.3% | 17.7% | 13.2% |
The median household income in Alexandria is about 27% higher than in Virginia. Income has been growing slower in Alexandria (3.5%/yr) than in Virginia (4.3%/yr).
About 35% of adults in Alexandria 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 Alexandria, Virginia grew by 48.3% from 2009 to 2024, reaching $118,677 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Alexandria
| Metric | Alexandria | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.463 | 0.544 | 0.552 |
| Male Median Income | $102,607 | $78,585 | $69,667 |
| Female Median Income | $95,457 | $62,626 | $56,850 |
| Gender Pay Gap | 7.0% | 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 Alexandria, it is 0.463, 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 7% more than women's income in Alexandria, Virginia. Over a 35-year career, a 7% wage gap accumulates to roughly $250,250 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Alexandria, Virginia has narrowed from about 11% to 7% in 2024. Over that period the gap was widest at 14% in 2017, and was narrowest at 5% in 2022. In dollar terms, the gap has widened by $28 since 2009.
Employment
| Metric | Alexandria | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.1% | 5.2% |
| Working from Home | 28.9% | 18.3% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 3,277 people are unemployed in Alexandria, Virginia.
The average commute time in Alexandria is 27 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Alexandria, Virginia has fallen from 4.4% to 3.2% in 2024. Over that period the rate peaked at 4.9% in 2012 and fell as low as 3.0% in 2019.
Alexandria, VA Wealth Compared With Nearby Cities
How Alexandria, VA compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Alexandria, VA | 156,972 | $118,677 #2/3 | 3.5%/yr #3/3 | 3.2% #2/3 | 0.463 #1/3 |
| Rose Hill, VA | 22,696 | $181,518 | 4.7%/yr | 2.7% | 0.478 |
| Bailey's Crossroads, VA | 24,625 | $87,998 | 3.7%/yr | 7.4% | 0.558 |
Conclusion
Considering all these factors, Alexandria, Virginia has an overall wealth index grade of A+, making it notably better than Virginia, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Alexandria, Virginia.
How Wealthy Is Alexandria, Virginia?
Alexandria has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $118,677, about 27% higher than the Virginia average of $93,527.
Are incomes growing in Alexandria, Virginia?
Between 2009 and 2024, the median household income in Alexandria, Virginia rose 48%, from $80,015 to $118,677. Over the same years, income here lagged behind Virginia as a whole: +48% against +55%.
What was the median household income in Alexandria in 2023?
In 2023, the median household income in Alexandria, Virginia was $114,418, about the same as in 2022. The Virginia median that year was $91,420.
What was the median household income in Alexandria in 2020?
In 2020, the median household income in Alexandria, Virginia was $103,489. By 2024 it had risen 15% to $118,677.
Do many residents of Alexandria, Virginia earn over $100,000?
Yes. 35% of adults in Alexandria, Virginia earn $100,000 or more a year (about 1 in 3), against 18% (about 1 in 5) in Virginia. 25% of households have a combined income of $200,000 or more, compared with 18% in Virginia.
What is the Gini coefficient in Alexandria, Virginia?
The Gini coefficient in Alexandria is 0.463. 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 Alexandria, Virginia?
Since 2009, the income gap between men and women in Alexandria, Virginia has narrowed from about 11% to 7% in 2024. Over that period the gap was widest at 14% in 2017, and was narrowest at 5% in 2022. In dollar terms, the gap has widened by $28 since 2009.
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