Carroll County, Virginia Income Statistics
Carroll 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
Carroll County Well below averageLess wealthy than 71% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carroll County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,664 | $93,527 | $80,455 |
| Median Personal Income | $44,922 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.3% | 4.8% |
| Six-Figure Earners | 5.1% | 18.3% | 13.9% |
| $200k+ Households | 2.7% | 17.7% | 13.2% |
The median household income in Carroll County is about 42% lower than in Virginia. Income has been growing faster in Carroll County (4.9%/yr) than in Virginia (4.3%/yr).
About 5% of adults in Carroll 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 Carroll County, Virginia grew by 57.4% from 2009 to 2024, reaching $54,664 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Carroll County
| Metric | Carroll County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.544 | 0.552 |
| Male Median Income | $54,570 | $78,585 | $69,667 |
| Female Median Income | $45,526 | $62,626 | $56,850 |
| Gender Pay Gap | 16.6% | 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 Carroll County, it is 0.519, 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 20% more than women's income in Carroll County, Virginia. Over a 35-year career, a 20% wage gap accumulates to roughly $316,540 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carroll County, Virginia has widened from about 16% to 17% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 9% in 2021. In dollar terms, the gap has widened by $4,053 since 2009.
Employment
| Metric | Carroll County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.1% | 5.2% |
| Working from Home | 3.2% | 18.3% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 729 people are unemployed in Carroll County, Virginia.
The average commute time in Carroll County is 23 minutes, about the same as in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carroll County, Virginia has fallen from 8.5% to 5.5% in 2024. Over that period the rate peaked at 9.4% in 2012 and fell as low as 2.7% in 2019.
Carroll County, VA Wealth Compared With Nearby Counties
Carroll County, VA is typical in size for this group, 29,157 residents against a local median of 30,934, so the measures below are close to a like for like comparison. The measure that sets Carroll County, VA apart most is unemployment: 5.5%, 47% above the local median of 3.8%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 4.9%/yr against a local median of 3.9%/yr, 26% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Carroll County, VA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 1.2% on unemployment, so Carroll County, VA sits at one end of an already wide local range rather than apart from it. Carroll County, VA has the 5th lowest unemployment 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. |
|---|---|---|---|---|---|
| Carroll County, VA | 29,157 | $54,664 #5/5 | 4.9%/yr #2/5 | 5.5% #5/5 | 0.519 #1/5 |
| Surry County, NC | 71,374 | $55,025 | 5.0%/yr | 4.4% | 0.532 |
| Pulaski County, VA | 33,685 | $63,216 | 3.1%/yr | 3.2% | 0.522 |
| Wythe County, VA | 28,184 | $57,139 | 3.8%/yr | 4.0% | 0.537 |
| Floyd County, VA | 15,593 | $64,159 | 3.9%/yr | 3.6% | 0.527 |
Conclusion
Considering all these factors, Carroll 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 Carroll County, Virginia.
How Rich Is Carroll County, Virginia?
Carroll 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 $54,664, about 42% lower than the Virginia average of $93,527.
Are incomes growing in Carroll County, Virginia?
Between 2009 and 2024, the median household income in Carroll County, Virginia rose 57%, from $34,726 to $54,664. Over the same years, income here outpaced Virginia as a whole: +57% against +55%.
What was the median household income in Carroll County in 2023?
In 2023, the median household income in Carroll County, Virginia was $52,565, up 7% from $49,352 in 2022. The Virginia median that year was $91,420.
What was the median household income in Carroll County in 2020?
In 2020, the median household income in Carroll County, Virginia was $44,473. By 2024 it had risen 23% to $54,664.
How strong is the job market in Carroll County, Virginia?
Unemployment in Carroll County, Virginia is 5.5%, well above the Virginia rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Carroll County, Virginia?
The Gini coefficient in Carroll County is 0.519. 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 Carroll County, Virginia?
Since 2009, the income gap between men and women in Carroll County, Virginia has widened from about 16% to 17% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 9% in 2021. In dollar terms, the gap has widened by $4,053 since 2009.
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