Wealth Index
Wealthier than 94% 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 | Fauquier County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $128,190 | $91,409 | $78,145 |
| Median Personal Income | $79,630 | $68,517 | $61,726 |
| Average income growth | 4.7% | 4.6% | 5.1% |
| Six-Figure Earners | 22.4% | 17.6% | 13.2% |
The median household income in Fauquier County is about 40% higher than in Virginia. Income has been growing faster in Fauquier County (4.7%/yr) than in Virginia (4.6%/yr).
About 22% of adults in Fauquier County earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Fauquier County, Virginia grew by 51.0% from 2009 to 2023, reaching $128,190 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Fauquier County | Gender Pay Gap | Gini Coefficient
| Metric | Fauquier County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.565 | 0.570 |
| Male Median Income | $89,966 | $76,014 | $67,746 |
| Female Median Income | $68,202 | $60,748 | $54,793 |
| Gender Pay Gap | 24.2% | 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 Fauquier County, 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 32% more than women's income in Fauquier County, Virginia. Over a 35-year career, a 32% wage gap accumulates to roughly $761,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fauquier County, Virginia has narrowed from about 29% to 24% in 2023. In dollar terms, the gap has widened by $3,736 since 2009.
Employment
| Metric | Fauquier County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 4.2% | 5.2% |
| Working from Home | 15.0% | 16.2% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 939 people are unemployed in Fauquier County, Virginia.
The average commute time in Fauquier County is 32 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fauquier County, Virginia has fallen from 5.4% to 2.3% in 2023.
Conclusion
Considering all these factors, Fauquier County, Virginia has an overall wealth index grade of A, making it somewhat better than Virginia, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fauquier County, Virginia.
How Rich Is Fauquier County, Virginia?
Fauquier County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $128,190, about 40% higher than the Virginia average of $91,409.
What is the current median household income in Fauquier County, Virginia?
As of 2023, the median household income in Fauquier County, Virginia is $128,190.
What was the median household income in Fauquier County in 2023?
In 2023, the median household income in Fauquier County, Virginia was $128,190.
What was the median household income in Fauquier County in 2020?
In 2020, the median household income in Fauquier County, Virginia was $105,307.
What is the Gini coefficient in Fauquier County, Virginia?
The Gini coefficient in Fauquier County 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 Fauquier County, Virginia?
Since 2009, the income gap between men and women in Fauquier County, Virginia has narrowed from about 29% to 24% in 2023. In dollar terms, the gap has widened by $3,736 since 2009.