Wealth Index
Among the 3 least wealthy 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 | Emporia city | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,749 | $91,409 | $78,145 |
| Median Personal Income | $52,370 | $68,517 | $61,726 |
| Average income growth | 9.2% | 4.6% | 5.1% |
| Six-Figure Earners | 6.0% | 17.6% | 13.2% |
The median household income in Emporia city is about 47% lower than in Virginia. Income has been growing faster in Emporia city (9.2%/yr) than in Virginia (4.6%/yr).
About 6% of adults in Emporia city 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 Emporia city, Virginia grew by 46.1% from 2009 to 2023, reaching $48,749 in 2023. That's an average of about 9.2% per year.
Economic Inequality in Emporia city | Gender Pay Gap | Gini Coefficient
| Metric | Emporia city | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.565 | 0.570 |
| Male Median Income | $56,232 | $76,014 | $67,746 |
| Female Median Income | $41,412 | $60,748 | $54,793 |
| Gender Pay Gap | 26.4% | 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 Emporia city, it is 0.545, lower than Virginia's 0.565, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in Emporia city, Virginia. Over a 35-year career, a 36% wage gap accumulates to roughly $518,700 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Emporia city, Virginia has widened from about 9% to 26% in 2023. In dollar terms, the gap has widened by $11,907 since 2009.
Employment
| Metric | Emporia city | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.2% | 5.2% |
| Working from Home | 6.0% | 16.2% | 13.4% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 76 people are unemployed in Emporia city, Virginia.
The average commute time in Emporia city is 20 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Emporia city, Virginia has fallen from 14.1% to 3.4% in 2023.
Conclusion
Considering all these factors, Emporia city, Virginia has an overall wealth index grade of F, making it worse than Virginia, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Emporia city, Virginia.
How Wealthy Is Emporia city, Virginia?
Emporia city has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $48,749, about 47% lower than the Virginia average of $91,409.
What is the current median household income in Emporia city, Virginia?
As of 2023, the median household income in Emporia city, Virginia is $48,749.
What was the median household income in Emporia city in 2023?
In 2023, the median household income in Emporia city, Virginia was $48,749.
What was the median household income in Emporia city in 2020?
In 2020, the median household income in Emporia city, Virginia was $30,026.
What is the Gini coefficient in Emporia city, Virginia?
The Gini coefficient in Emporia city is 0.545. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Emporia city, Virginia?
Since 2009, the income gap between men and women in Emporia city, Virginia has widened from about 9% to 26% in 2023. In dollar terms, the gap has widened by $11,907 since 2009.