Craig County, Virginia Income Statistics
Craig 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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B
Craig County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Craig County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,702 | $93,527 | $80,455 |
| Median Personal Income | $51,611 | $68,139 | $60,758 |
| Average Yearly Income Growth | 8.1% | 4.3% | 4.8% |
| Six-Figure Earners | 10.4% | 18.3% | 13.9% |
| $200k+ Households | 7.0% | 17.7% | 13.2% |
The median household income in Craig County is about 23% lower than in Virginia. Income has been growing faster in Craig County (8.1%/yr) than in Virginia (4.3%/yr).
About 10% of adults in Craig 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 Craig County, Virginia grew by 47.7% from 2009 to 2024, reaching $71,702 in 2024. That's an average of about 8.1% per year.
Income Inequality and the Gender Pay Gap in Craig County
| Metric | Craig County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.544 | 0.552 |
| Male Median Income | $53,537 | $78,585 | $69,667 |
| Female Median Income | $52,793 | $62,626 | $56,850 |
| Gender Pay Gap | 1.4% | 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 Craig County, it is 0.521, 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 1% more than women's income in Craig County, Virginia. Over a 35-year career, a 1% wage gap accumulates to roughly $26,040 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Craig County, Virginia has narrowed from about 19% to 1% in 2024. Over that period the gap was widest at 32% in 2017, and in 2021 women out-earned men by 7%. In dollar terms, the gap has narrowed by $5,954 since 2009.
Employment
| Metric | Craig County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 4.1% | 5.2% |
| Working from Home | 16.9% | 18.3% | 15.0% |
| Commute time (minutes) | 41 | 23 | 22 |
Approximately 44 people are unemployed in Craig County, Virginia.
The average commute time in Craig County is 41 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Craig County, Virginia has risen from 1.9% to 2.2% in 2024. Over that period the rate peaked at 6.6% in 2014 and fell as low as 1.4% in 2021.
Craig County, VA Wealth Compared With Nearby Counties
Craig County, VA is the smallest of the 4 counties compared here, 4,833 residents against a local median of 97,092. The measure that sets Craig County, VA apart most is income growth: 8.1%/yr, 73% above the local median of 4.7%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 2.2% against a local median of 2.9%, 26% below it. Every measure here with a clear better direction points the same way, so Craig County, VA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves sit within 1.5%/yr of each other on income growth, a tighter band than the gap between any of them and Craig County, VA, which makes it a genuine outlier here rather than one end of a wide local spread. Craig County, VA has the highest income growth of the 4 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. |
|---|---|---|---|---|---|
| Craig County, VA | 4,833 | $71,702 #2/4 | 8.1%/yr #1/4 | 2.2% #1/4 | 0.521 #2/4 |
| Roanoke County, VA | 97,092 | $83,514 | 4.2%/yr | 2.7% | 0.521 |
| Monroe County, WV | 12,386 | $56,106 | 5.7%/yr | 4.7% | 0.511 |
| Montgomery County, VA | 99,089 | $71,288 | 4.7%/yr | 2.9% | 0.623 |
Conclusion
Considering all these factors, Craig 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 Craig County, Virginia.
How Rich Is Craig County, Virginia?
Craig 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 $71,702, about 23% lower than the Virginia average of $93,527.
Are incomes growing in Craig County, Virginia?
Between 2009 and 2024, the median household income in Craig County, Virginia rose 48%, from $48,548 to $71,702. Over the same years, income here lagged behind Virginia as a whole: +48% against +55%.
What was the median household income in Craig County in 2023?
In 2023, the median household income in Craig County, Virginia was $64,212, down 4% from $66,847 in 2022. The Virginia median that year was $91,420.
What was the median household income in Craig County in 2020?
In 2020, the median household income in Craig County, Virginia was $55,122. By 2024 it had risen 30% to $71,702.
Is unemployment high in Craig County, Virginia?
Unemployment in Craig County, Virginia is only 2.2%, 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 Craig County, Virginia?
The Gini coefficient in Craig County is 0.521. 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 Craig County, Virginia?
Since 2009, the income gap between men and women in Craig County, Virginia has narrowed from about 19% to 1% in 2024. Over that period the gap was widest at 32% in 2017, and in 2021 women out-earned men by 7%. In dollar terms, the gap has narrowed by $5,954 since 2009.
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