Giles County, Virginia Income Statistics
Giles 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.
-
C
Giles County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Giles County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,311 | $93,527 | $80,455 |
| Median Personal Income | $52,218 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.3% | 4.8% |
| Six-Figure Earners | 6.6% | 18.3% | 13.9% |
| $200k+ Households | 4.3% | 17.7% | 13.2% |
The median household income in Giles County is about 28% lower than in Virginia. Income has been growing faster in Giles County (4.4%/yr) than in Virginia (4.3%/yr).
About 7% of adults in Giles 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 Giles County, Virginia grew by 68.4% from 2009 to 2024, reaching $67,311 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Giles County
| Metric | Giles County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.498 | 0.544 | 0.552 |
| Male Median Income | $62,180 | $78,585 | $69,667 |
| Female Median Income | $47,341 | $62,626 | $56,850 |
| Gender Pay Gap | 23.9% | 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 Giles County, it is 0.498, 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 31% more than women's income in Giles County, Virginia. Over a 35-year career, a 31% wage gap accumulates to roughly $519,365 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Giles County, Virginia has widened from about 14% to 24% in 2024. Over that period the gap was widest at 24% in 2020, and was narrowest at 10% in 2012. In dollar terms, the gap has widened by $9,441 since 2009.
Sharply against the trend: the pay gap in Giles County widened by 10.3 points while Virginia's narrowed by 3.2 points.
Employment
| Metric | Giles County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.1% | 4.1% | 5.2% |
| Working from Home | 2.5% | 18.3% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 165 people are unemployed in Giles County, Virginia.
The average commute time in Giles County is 26 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Giles County, Virginia has fallen from 7.6% to 2.1% in 2024. Over that period the rate fell as low as 2.0% in 2021.
Giles County, VA Wealth Compared With Nearby Counties
Giles County, VA is the 3rd largest of the 5 counties compared here, 16,557 residents against a local median of 23,035. The measure that sets Giles County, VA apart most is unemployment: 2.1%, 30% below the local median of 3.1%. That is the better end of the local range on this measure.
The counties themselves spread 2.5% on unemployment, so Giles County, VA sits at one end of an already wide local range rather than apart from it. Giles County, VA has the lowest unemployment of the 5 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. |
|---|---|---|---|---|---|
| Giles County, VA | 16,557 | $67,311 #2/5 | 4.4%/yr #3/5 | 2.1% #1/5 | 0.498 #1/5 |
| Pulaski County, VA | 33,685 | $63,216 | 3.1%/yr | 3.2% | 0.522 |
| 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 |
| Summers County, WV | 11,729 | $40,711 | 1.7%/yr | 2.2% | 0.548 |
Conclusion
Considering all these factors, Giles County, Virginia has an overall wealth index grade of C, making it somewhat worse than Virginia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Giles County, Virginia.
How Rich Is Giles County, Virginia?
Giles County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $67,311, about 28% lower than the Virginia average of $93,527.
Are incomes growing in Giles County, Virginia?
Between 2009 and 2024, the median household income in Giles County, Virginia rose 68%, from $39,980 to $67,311. Over the same years, income here outpaced Virginia as a whole: +68% against +55%.
What was the median household income in Giles County in 2023?
In 2023, the median household income in Giles County, Virginia was $64,945, up 4% from $62,196 in 2022. The Virginia median that year was $91,420.
What was the median household income in Giles County in 2020?
In 2020, the median household income in Giles County, Virginia was $56,864. By 2024 it had risen 18% to $67,311.
Is unemployment high in Giles County, Virginia?
Unemployment in Giles County, Virginia is only 2.1%, 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 Giles County, Virginia?
The Gini coefficient in Giles County is 0.498. 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 Giles County, Virginia?
Since 2009, the income gap between men and women in Giles County, Virginia has widened from about 14% to 24% in 2024. Over that period the gap was widest at 24% in 2020, and was narrowest at 10% in 2012. In dollar terms, the gap has widened by $9,441 since 2009.
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