Goochland County, Virginia Income Statistics
Goochland 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
Goochland County Around averageWealthier than 89% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Goochland County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $117,817 | $93,527 | $80,455 |
| Median Personal Income | $73,015 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.3% | 4.8% |
| Six-Figure Earners | 21.8% | 18.3% | 13.9% |
| $200k+ Households | 25.4% | 17.7% | 13.2% |
The median household income in Goochland County is about 26% higher than in Virginia. Income has been growing faster in Goochland County (4.5%/yr) than in Virginia (4.3%/yr).
About 22% of adults in Goochland County earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Goochland County, Virginia grew by 55.8% from 2009 to 2024, reaching $117,817 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Goochland County
| Metric | Goochland County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.544 | 0.552 |
| Male Median Income | $94,404 | $78,585 | $69,667 |
| Female Median Income | $66,025 | $62,626 | $56,850 |
| Gender Pay Gap | 30.1% | 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 Goochland County, it is 0.535, 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 43% more than women's income in Goochland County, Virginia. Over a 35-year career, a 43% wage gap accumulates to roughly $993,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Goochland County, Virginia has widened from about 28% to 30% in 2024. Over that period the gap was widest at 35% in 2014, and was narrowest at 23% in 2019. In dollar terms, the gap has widened by $12,361 since 2009.
Sharply against the trend: the pay gap in Goochland County widened by 2.0 points while Virginia's narrowed by 3.2 points.
Employment
| Metric | Goochland County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.7% | 4.1% | 5.2% |
| Working from Home | 19.1% | 18.3% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 216 people are unemployed in Goochland County, Virginia.
The average commute time in Goochland County is 30 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Goochland County, Virginia has fallen from 4.2% to 1.7% in 2024. Over that period the rate peaked at 5.6% in 2013.
Goochland County, VA Wealth Compared With Nearby Counties
Goochland County, VA is typical in size for this group, 26,549 residents against a local median of 28,092, so the measures below are close to a like for like comparison. The measure that sets Goochland County, VA apart most is unemployment: 1.7%, 56% below the local median of 3.8%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $117,817 against a local median of $86,822, 36% above it. Every measure here with a clear better direction points the same way, so Goochland County, VA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 2.5% on unemployment, so Goochland County, VA sits at one end of an already wide local range rather than apart from it. Goochland County, VA has the lowest unemployment of the 6 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. |
|---|---|---|---|---|---|
| Goochland County, VA | 26,549 | $117,817 #1/6 | 4.5%/yr #4/6 | 1.7% #1/6 | 0.535 #5/6 |
| Powhatan County, VA | 31,555 | $109,252 | 4.2%/yr | 3.6% | 0.527 |
| Louisa County, VA | 40,041 | $86,822 | 5.8%/yr | 5.8% | 0.519 |
| Fluvanna County, VA | 28,092 | $97,117 | 4.8%/yr | 4.2% | 0.539 |
| Cumberland County, VA | 9,818 | $56,187 | 5.2%/yr | 3.3% | 0.521 |
| Amelia County, VA | 13,462 | $76,429 | 3.7%/yr | 3.8% | 0.505 |
Conclusion
Considering all these factors, Goochland County, Virginia has an overall wealth index grade of B, making it somewhat better than Virginia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Goochland County, Virginia.
How Rich Is Goochland County, Virginia?
Goochland 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 $117,817, about 26% higher than the Virginia average of $93,527.
Are incomes growing in Goochland County, Virginia?
Between 2009 and 2024, the median household income in Goochland County, Virginia rose 56%, from $75,625 to $117,817. Over the same years, income here kept pace with Virginia as a whole: +56% against +55%.
What was the median household income in Goochland County in 2023?
In 2023, the median household income in Goochland County, Virginia was $118,236, up 12% from $105,912 in 2022. The Virginia median that year was $91,420.
What was the median household income in Goochland County in 2020?
In 2020, the median household income in Goochland County, Virginia was $98,399. By 2024 it had risen 20% to $117,817.
Is unemployment high in Goochland County, Virginia?
Unemployment in Goochland County, Virginia is only 1.7%, 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 Goochland County, Virginia?
The Gini coefficient in Goochland County is 0.535. 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 Goochland County, Virginia?
Since 2009, the income gap between men and women in Goochland County, Virginia has widened from about 28% to 30% in 2024. Over that period the gap was widest at 35% in 2014, and was narrowest at 23% in 2019. In dollar terms, the gap has widened by $12,361 since 2009.
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