Wealth Index
Wealthier than 86% 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 | Clarke County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $110,481 | $91,409 | $78,145 |
| Median Personal Income | $72,103 | $68,517 | $61,726 |
| Average income growth | 6.5% | 4.6% | 5.1% |
| Six-Figure Earners | 17.3% | 17.6% | 13.2% |
The median household income in Clarke County is about 21% higher than in Virginia. Income has been growing faster in Clarke County (6.5%/yr) than in Virginia (4.6%/yr).
About 17% of adults in Clarke County earn six figures ($100,000 or more) a year, about the same as the Virginia average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Clarke County, Virginia grew by 57.2% from 2009 to 2023, reaching $110,481 in 2023. That's an average of about 6.5% per year.
Economic Inequality in Clarke County | Gender Pay Gap | Gini Coefficient
| Metric | Clarke County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.565 | 0.570 |
| Male Median Income | $83,456 | $76,014 | $67,746 |
| Female Median Income | $61,653 | $60,748 | $54,793 |
| Gender Pay Gap | 26.1% | 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 Clarke County, it is 0.567, about the same as Virginia's 0.565, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 35% more than women's income in Clarke County, Virginia. Over a 35-year career, a 35% wage gap accumulates to roughly $763,105 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clarke County, Virginia has widened from about 17% to 26% in 2023. In dollar terms, the gap has widened by $12,486 since 2009.
Employment
| Metric | Clarke County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 4.2% | 5.2% |
| Working from Home | 16.9% | 16.2% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 268 people are unemployed in Clarke County, Virginia.
The average commute time in Clarke County is 30 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clarke County, Virginia has fallen from 4.8% to 3.5% in 2023.
Conclusion
Considering all these factors, Clarke 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 Clarke County, Virginia.
How Rich Is Clarke County, Virginia?
Clarke 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 $110,481, about 21% higher than the Virginia average of $91,409.
What is the current median household income in Clarke County, Virginia?
As of 2023, the median household income in Clarke County, Virginia is $110,481.
What was the median household income in Clarke County in 2023?
In 2023, the median household income in Clarke County, Virginia was $110,481.
What was the median household income in Clarke County in 2020?
In 2020, the median household income in Clarke County, Virginia was $90,317.
What is the Gini coefficient in Clarke County, Virginia?
The Gini coefficient in Clarke County is 0.567. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Clarke County, Virginia?
Since 2009, the income gap between men and women in Clarke County, Virginia has widened from about 17% to 26% in 2023. In dollar terms, the gap has widened by $12,486 since 2009.