Henry County, Virginia Income Statistics
Henry 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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D
Henry County Well below averageLess wealthy than 79% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Henry County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $50,747 | $93,527 | $80,455 |
| Median Personal Income | $44,079 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.3% | 4.8% |
| Six-Figure Earners | 5.3% | 18.3% | 13.9% |
| $200k+ Households | 2.6% | 17.7% | 13.2% |
The median household income in Henry County is about 46% lower than in Virginia. Income has been growing faster in Henry County (4.8%/yr) than in Virginia (4.3%/yr).
About 5% of adults in Henry 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 Henry County, Virginia grew by 47.2% from 2009 to 2024, reaching $50,747 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Henry County
| Metric | Henry County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.544 | 0.552 |
| Male Median Income | $54,132 | $78,585 | $69,667 |
| Female Median Income | $41,338 | $62,626 | $56,850 |
| Gender Pay Gap | 23.6% | 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 Henry County, it is 0.517, 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 Henry County, Virginia. Over a 35-year career, a 31% wage gap accumulates to roughly $447,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Henry County, Virginia has widened from about 13% to 24% in 2024. Over that period the gap was widest at 24% in 2023. In dollar terms, the gap has widened by $8,710 since 2009.
Sharply against the trend: the pay gap in Henry County widened by 11.0 points while Virginia's narrowed by 3.2 points.
Employment
| Metric | Henry County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.1% | 5.2% |
| Working from Home | 8.1% | 18.3% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 871 people are unemployed in Henry County, Virginia.
The average commute time in Henry County is 21 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Henry County, Virginia has fallen from 12.3% to 4.0% in 2024. Over that period the rate peaked at 13.0% in 2013.
Henry County, VA Wealth Compared With Nearby Counties
Henry County, VA is typical in size for this group, 49,976 residents against a local median of 50,161, so the measures below are close to a like for like comparison. The measure that sets Henry County, VA apart most is unemployment: 4.0%, 43% above the local median of 2.8%. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $50,747 against a local median of $60,076, 16% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Henry County, VA reads weaker than its neighbours on all of them. The counties themselves spread 3.4% on unemployment, so Henry County, VA sits at one end of an already wide local range rather than apart from it. Henry County, VA has the 4th 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. |
|---|---|---|---|---|---|
| Henry County, VA | 49,976 | $50,747 #5/5 | 4.8%/yr #3/5 | 4.0% #4/5 | 0.517 #2/5 |
| Rockingham County, NC | 92,115 | $56,850 | 4.5%/yr | 5.8% | 0.529 |
| Franklin County, VA | 55,141 | $69,199 | 4.5%/yr | 2.3% | 0.537 |
| Patrick County, VA | 17,512 | $53,300 | 5.1%/yr | 2.5% | 0.528 |
| Stokes County, NC | 45,181 | $63,303 | 5.1%/yr | 3.1% | 0.511 |
Conclusion
Considering all these factors, Henry County, Virginia has an overall wealth index grade of D, making it somewhat worse than Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Henry County, Virginia.
How Rich Is Henry County, Virginia?
Henry County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $50,747, about 46% lower than the Virginia average of $93,527.
Are incomes growing in Henry County, Virginia?
Between 2009 and 2024, the median household income in Henry County, Virginia rose 47%, from $34,484 to $50,747. Over the same years, income here lagged behind Virginia as a whole: +47% against +55%.
What was the median household income in Henry County in 2023?
In 2023, the median household income in Henry County, Virginia was $48,632, up 11% from $43,811 in 2022. The Virginia median that year was $91,420.
What was the median household income in Henry County in 2020?
In 2020, the median household income in Henry County, Virginia was $38,436. By 2024 it had risen 32% to $50,747.
What is the Gini coefficient in Henry County, Virginia?
The Gini coefficient in Henry County is 0.517. 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 Henry County, Virginia?
Since 2009, the income gap between men and women in Henry County, Virginia has widened from about 13% to 24% in 2024. Over that period the gap was widest at 24% in 2023. In dollar terms, the gap has widened by $8,710 since 2009.
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