Botetourt County, Virginia Income Statistics
Botetourt 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.
-
B
Botetourt County Around averageWealthier than 77% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Botetourt County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,753 | $93,527 | $80,455 |
| Median Personal Income | $57,589 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.3% | 4.8% |
| Six-Figure Earners | 11.3% | 18.3% | 13.9% |
| $200k+ Households | 8.9% | 17.7% | 13.2% |
The median household income in Botetourt County is about 13% lower than in Virginia. Income has been growing slower in Botetourt County (3.6%/yr) than in Virginia (4.3%/yr).
About 11% of adults in Botetourt 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 Botetourt County, Virginia grew by 36.6% from 2009 to 2024, reaching $81,753 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Botetourt County
| Metric | Botetourt County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.544 | 0.552 |
| Male Median Income | $67,555 | $78,585 | $69,667 |
| Female Median Income | $51,651 | $62,626 | $56,850 |
| Gender Pay Gap | 23.5% | 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 Botetourt County, it is 0.515, 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 31% more than women's income in Botetourt County, Virginia. Over a 35-year career, a 31% wage gap accumulates to roughly $556,640 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Botetourt County, Virginia has widened from about 23% to 24% in 2024. Over that period the gap was widest at 30% in 2014, and was narrowest at 17% in 2019. In dollar terms, the gap has widened by $5,310 since 2009.
Against the trend: the pay gap in Botetourt County widened by 1.0 points while Virginia's narrowed by 3.2 points.
Employment
| Metric | Botetourt County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.4% | 4.1% | 5.2% |
| Working from Home | 12.6% | 18.3% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 389 people are unemployed in Botetourt County, Virginia.
The average commute time in Botetourt County is 22 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Botetourt County, Virginia has fallen from 4.4% to 2.4% in 2024. Over that period the rate peaked at 5.5% in 2013.
Botetourt County, VA Wealth Compared With Nearby Counties
How Botetourt County, VA compares with the 2 counties 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. |
|---|---|---|---|---|---|
| Botetourt County, VA | 34,003 | $81,753 #1/3 | 3.6%/yr #2/3 | 2.4% #2/3 | 0.515 #1/3 |
| Alleghany County, VA | 14,859 | $55,586 | 2.5%/yr | 2.3% | 0.533 |
| Bedford County, VA | 81,013 | $78,883 | 4.1%/yr | 3.1% | 0.532 |
Conclusion
Considering all these factors, Botetourt County, Virginia has an overall wealth index grade of B, making it about on par with Virginia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Botetourt County, Virginia.
How Rich Is Botetourt County, Virginia?
Botetourt 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 $81,753, about 13% lower than the Virginia average of $93,527.
How has median household income changed in Botetourt County, Virginia?
Between 2009 and 2024, the median household income in Botetourt County, Virginia rose 37%, from $59,847 to $81,753. Over the same years, income here lagged behind Virginia as a whole: +37% against +55%.
What was the median household income in Botetourt County in 2023?
In 2023, the median household income in Botetourt County, Virginia was $79,629, up 3% from $77,145 in 2022. The Virginia median that year was $91,420.
What was the median household income in Botetourt County in 2020?
In 2020, the median household income in Botetourt County, Virginia was $72,082. By 2024 it had risen 13% to $81,753.
Is it hard to find a job in Botetourt County, Virginia?
Unemployment in Botetourt County, Virginia is only 2.4%, 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 Botetourt County, Virginia?
The Gini coefficient in Botetourt County is 0.515. 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 Botetourt County, Virginia?
Since 2009, the income gap between men and women in Botetourt County, Virginia has widened from about 23% to 24% in 2024. Over that period the gap was widest at 30% in 2014, and was narrowest at 17% in 2019. In dollar terms, the gap has widened by $5,310 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →