Alleghany County, Virginia Income Statistics
Alleghany 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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D
Alleghany County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Alleghany County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,586 | $93,527 | $80,455 |
| Median Personal Income | $48,643 | $68,139 | $60,758 |
| Average Yearly Income Growth | 2.5% | 4.3% | 4.8% |
| Six-Figure Earners | 6.8% | 18.3% | 13.9% |
| $200k+ Households | 3.6% | 17.7% | 13.2% |
The median household income in Alleghany County is about 41% lower than in Virginia. Income has been growing slower in Alleghany County (2.5%/yr) than in Virginia (4.3%/yr).
About 7% of adults in Alleghany County earn six figures ($100,000 or more) a year, lower than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Alleghany County, Virginia grew by 25.9% from 2009 to 2024, reaching $55,586 in 2024. That's an average of about 2.5% per year.
Income Inequality and the Gender Pay Gap in Alleghany County
| Metric | Alleghany County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.544 | 0.552 |
| Male Median Income | $61,952 | $78,585 | $69,667 |
| Female Median Income | $39,182 | $62,626 | $56,850 |
| Gender Pay Gap | 36.8% | 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 Alleghany 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 58% more than women's income in Alleghany County, Virginia. Over a 35-year career, a 58% wage gap accumulates to roughly $796,950 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Alleghany County, Virginia has widened from about 35% to 37% in 2024. Over that period the gap was widest at 42% in 2018, and was narrowest at 19% in 2012. In dollar terms, the gap has widened by $6,285 since 2009.
Sharply against the trend: the pay gap in Alleghany County widened by 2.2 points while Virginia's narrowed by 3.2 points.
Employment
| Metric | Alleghany County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 4.1% | 5.2% |
| Working from Home | 3.8% | 18.3% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 138 people are unemployed in Alleghany County, Virginia.
The average commute time in Alleghany County is 18 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Alleghany County, Virginia has fallen from 7.3% to 2.3% in 2024.
Alleghany County, VA Wealth Compared With Nearby Counties
Alleghany County, VA is the 3rd largest of the 5 counties compared here, 14,859 residents against a local median of 18,610. Where Alleghany County, VA breaks from the counties next to it is income growth, sitting 30% below the local median of 3.6%/yr at 2.5%/yr. That is the weaker end of the local range on this measure.
The counties themselves spread 5.7%/yr on income growth, so Alleghany County, VA sits at one end of an already wide local range rather than apart from it. Alleghany County, VA has the 4th highest income growth of the 5 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. |
|---|---|---|---|---|---|
| Alleghany County, VA | 14,859 | $55,586 #4/5 | 2.5%/yr #4/5 | 2.3% #3/5 | 0.533 #3/5 |
| Botetourt County, VA | 34,003 | $81,753 | 3.6%/yr | 2.4% | 0.515 |
| Craig County, VA | 4,833 | $71,702 | 8.1%/yr | 2.2% | 0.521 |
| Bath County, VA | 4,100 | $58,076 | 3.7%/yr | 1.3% | 0.564 |
| Greenbrier County, WV | 32,386 | $48,009 | 2.4%/yr | 4.2% | 0.545 |
Conclusion
Considering all these factors, Alleghany County, Virginia has an overall wealth index grade of D, making it somewhat worse than Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Alleghany County, Virginia.
How Wealthy Is Alleghany County, Virginia?
Alleghany County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $55,586, about 41% lower than the Virginia average of $93,527.
How fast is household income rising in Alleghany County, Virginia?
Between 2009 and 2024, the median household income in Alleghany County, Virginia rose 26%, from $44,162 to $55,586. Over the same years, income here lagged behind Virginia as a whole: +26% against +55%.
What was the median household income in Alleghany County in 2023?
In 2023, the median household income in Alleghany County, Virginia was $54,645, up 3% from $53,124 in 2022. The Virginia median that year was $91,420.
What was the median household income in Alleghany County in 2020?
In 2020, the median household income in Alleghany County, Virginia was $48,164. By 2024 it had risen 15% to $55,586.
Is it hard to find a job in Alleghany County, Virginia?
Unemployment in Alleghany County, Virginia is only 2.3%, well below the Virginia rate of 4.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Alleghany County, Virginia?
The Gini coefficient in Alleghany 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 Alleghany County, Virginia?
Since 2009, the income gap between men and women in Alleghany County, Virginia has widened from about 35% to 37% in 2024. Over that period the gap was widest at 42% in 2018, and was narrowest at 19% in 2012. In dollar terms, the gap has widened by $6,285 since 2009.
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