Wealth Index
Wealthier than 89% of counties in Virginia
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.
Income Statistics Overview
| Metric | Amelia County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,396 | $91,409 | $78,145 |
| Median Personal Income | $52,761 | $68,517 | $61,726 |
| Average income growth | 2.8% | 4.6% | 5.1% |
| Six-Figure Earners | 4.1% | 17.6% | 13.2% |
The median household income in Amelia County is about 26% lower than in Virginia. Income has been growing slower in Amelia County (2.8%/yr) than in Virginia (4.6%/yr).
About 4% of adults in Amelia County earn six figures ($100,000 or more) a year, lower than the Virginia average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Amelia County, Virginia grew by 38.4% from 2009 to 2023, reaching $67,396 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Amelia County | Gender Pay Gap | Gini Coefficient
| Metric | Amelia County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.565 | 0.570 |
| Male Median Income | $60,558 | $76,014 | $67,746 |
| Female Median Income | $47,566 | $60,748 | $54,793 |
| Gender Pay Gap | 21.5% | 20.1% | 19.1% |
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 Amelia County, it is 0.528, lower than Virginia's 0.565, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 27% more than women's income in Amelia County, Virginia. Over a 35-year career, a 27% wage gap accumulates to roughly $454,720 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Amelia County, Virginia has narrowed from about 24% to 21% in 2023. In dollar terms, the gap has widened by $2,798 since 2009.
Employment
| Metric | Amelia County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.2% | 5.2% |
| Working from Home | 9.4% | 16.2% | 13.4% |
| Commute time (minutes) | 40 | 23 | 22 |
Approximately 337 people are unemployed in Amelia County, Virginia.
The average commute time in Amelia County is 40 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Amelia County, Virginia has fallen from 7.6% to 5.3% in 2023.
Conclusion
Considering all these factors, Amelia 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 Amelia County, Virginia.
How Wealthy Is Amelia County, Virginia?
Amelia 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 $67,396, about 26% lower than the Virginia average of $91,409.
What is the current median household income in Amelia County, Virginia?
As of 2023, the median household income in Amelia County, Virginia is $67,396.
What was the median household income in Amelia County in 2023?
In 2023, the median household income in Amelia County, Virginia was $67,396.
What was the median household income in Amelia County in 2020?
In 2020, the median household income in Amelia County, Virginia was $63,737.
What is the Gini coefficient in Amelia County, Virginia?
The Gini coefficient in Amelia County is 0.528. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Amelia County, Virginia?
Since 2009, the income gap between men and women in Amelia County, Virginia has narrowed from about 24% to 21% in 2023. In dollar terms, the gap has widened by $2,798 since 2009.