Wealth Index
Less wealthy than 95% 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 | Dickenson County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,466 | $91,409 | $78,145 |
| Median Personal Income | $46,223 | $68,517 | $61,726 |
| Average income growth | 5.2% | 4.6% | 5.1% |
| Six-Figure Earners | 4.5% | 17.6% | 13.2% |
The median household income in Dickenson County is about 52% lower than in Virginia. Income has been growing faster in Dickenson County (5.2%/yr) than in Virginia (4.6%/yr).
About 5% of adults in Dickenson 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 Dickenson County, Virginia grew by 57.2% from 2009 to 2023, reaching $43,466 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Dickenson County | Gender Pay Gap | Gini Coefficient
| Metric | Dickenson County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.565 | 0.570 |
| Male Median Income | $53,838 | $76,014 | $67,746 |
| Female Median Income | $40,744 | $60,748 | $54,793 |
| Gender Pay Gap | 24.3% | 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 Dickenson County, it is 0.574, higher than Virginia's 0.565, so income is less evenly distributed here than 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 32% more than women's income in Dickenson County, Virginia. Over a 35-year career, a 32% wage gap accumulates to roughly $458,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dickenson County, Virginia has narrowed from about 40% to 24% in 2023. In dollar terms, the gap has narrowed by $2,685 since 2009.
Employment
| Metric | Dickenson County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.2% | 5.2% |
| Working from Home | 6.8% | 16.2% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 129 people are unemployed in Dickenson County, Virginia.
The average commute time in Dickenson County is 25 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dickenson County, Virginia has fallen from 9.8% to 2.7% in 2023.
Conclusion
Considering all these factors, Dickenson County, Virginia has an overall wealth index grade of D, making it worse than Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dickenson County, Virginia.
How Rich Is Dickenson County, Virginia?
Dickenson 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 $43,466, about 52% lower than the Virginia average of $91,409.
What is the current median household income in Dickenson County, Virginia?
As of 2023, the median household income in Dickenson County, Virginia is $43,466.
What was the median household income in Dickenson County in 2023?
In 2023, the median household income in Dickenson County, Virginia was $43,466.
What was the median household income in Dickenson County in 2020?
In 2020, the median household income in Dickenson County, Virginia was $30,106.
What is the Gini coefficient in Dickenson County, Virginia?
The Gini coefficient in Dickenson County is 0.574. 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 Dickenson County, Virginia?
Since 2009, the income gap between men and women in Dickenson County, Virginia has narrowed from about 40% to 24% in 2023. In dollar terms, the gap has narrowed by $2,685 since 2009.