Hampton, Virginia Income Statistics
Hampton Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Hampton Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hampton | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,017 | $93,527 | $80,455 |
| Median Personal Income | $55,673 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.3% | 4.8% |
| Six-Figure Earners | 9.8% | 18.3% | 13.9% |
| $200k+ Households | 6.3% | 17.7% | 13.2% |
The median household income in Hampton is about 25% lower than in Virginia. Income has been growing faster in Hampton (4.4%/yr) than in Virginia (4.3%/yr).
About 10% of adults in Hampton 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 Hampton, Virginia grew by 45.8% from 2009 to 2024, reaching $70,017 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Hampton
| Metric | Hampton | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.544 | 0.552 |
| Male Median Income | $63,977 | $78,585 | $69,667 |
| Female Median Income | $52,202 | $62,626 | $56,850 |
| Gender Pay Gap | 18.4% | 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 Hampton, it is 0.524, 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 23% more than women's income in Hampton, Virginia. Over a 35-year career, a 23% wage gap accumulates to roughly $412,125 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hampton, Virginia has narrowed from about 20% to 18% in 2024. Over that period the gap was widest at 24% in 2022, and was narrowest at 17% in 2016. In dollar terms, the gap has widened by $3,497 since 2009.
Employment
| Metric | Hampton | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.1% | 5.2% |
| Working from Home | 10.4% | 18.3% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 4,216 people are unemployed in Hampton, Virginia.
The average commute time in Hampton is 18 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hampton, Virginia has fallen from 7.7% to 5.8% in 2024. Over that period the rate peaked at 10.0% in 2013 and fell as low as 5.5% in 2021.
Hampton, VA Wealth Compared With Nearby Cities
Hampton, VA is the 3rd largest of the 4 cities compared here, 137,557 residents against a local median of 184,065. Nothing separates Hampton, VA sharply from the cities around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is unemployment, 10% above the local median at 5.8% against 5.3%. Hampton, VA has the 3rd lowest unemployment of the 4 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. |
|---|---|---|---|---|---|
| Hampton, VA | 137,557 | $70,017 #1/4 | 4.4%/yr #2/4 | 5.8% #3/4 | 0.524 #2/4 |
| Norfolk, VA | 233,287 | $66,067 | 4.8%/yr | 4.7% | 0.528 |
| Portsmouth, VA | 97,157 | $60,549 | 3.2%/yr | 6.0% | 0.529 |
| Newport News, VA | 184,065 | $69,337 | 4.2%/yr | 5.3% | 0.523 |
Conclusion
Considering all these factors, Hampton, 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 Hampton, Virginia.
How Rich Is Hampton, Virginia?
Hampton 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 $70,017, about 25% lower than the Virginia average of $93,527.
How has median household income changed in Hampton, Virginia?
Between 2009 and 2024, the median household income in Hampton, Virginia rose 46%, from $48,019 to $70,017. Over the same years, income here lagged behind Virginia as a whole: +46% against +55%.
What was the median household income in Hampton in 2023?
In 2023, the median household income in Hampton, Virginia was $68,400, up 6% from $64,409 in 2022. The Virginia median that year was $91,420.
What was the median household income in Hampton in 2020?
In 2020, the median household income in Hampton, Virginia was $57,107. By 2024 it had risen 23% to $70,017.
How strong is the job market in Hampton, Virginia?
Unemployment in Hampton, Virginia is 5.8%, well above the Virginia rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Hampton, Virginia?
The Gini coefficient in Hampton is 0.524. 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 Hampton, Virginia?
Since 2009, the income gap between men and women in Hampton, Virginia has narrowed from about 20% to 18% in 2024. Over that period the gap was widest at 24% in 2022, and was narrowest at 17% in 2016. In dollar terms, the gap has widened by $3,497 since 2009.
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