Isle of Wight County, Virginia Income Statistics
Isle of Wight 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
Isle of Wight County Around averageWealthier than 85% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Isle of Wight County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $94,885 | $93,527 | $80,455 |
| Median Personal Income | $68,431 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.3% | 4.8% |
| Six-Figure Earners | 16.3% | 18.3% | 13.9% |
| $200k+ Households | 12.9% | 17.7% | 13.2% |
The median household income in Isle of Wight County is about 1% higher than in Virginia. Income has been growing slower in Isle of Wight County (4.3%/yr) than in Virginia (4.3%/yr).
About 16% of adults in Isle of Wight 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 Isle of Wight County, Virginia grew by 53.4% from 2009 to 2024, reaching $94,885 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Isle of Wight County
| Metric | Isle of Wight County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.544 | 0.552 |
| Male Median Income | $82,998 | $78,585 | $69,667 |
| Female Median Income | $60,378 | $62,626 | $56,850 |
| Gender Pay Gap | 27.3% | 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 Isle of Wight County, it is 0.527, 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 37% more than women's income in Isle of Wight County, Virginia. Over a 35-year career, a 37% wage gap accumulates to roughly $791,700 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Isle of Wight County, Virginia has narrowed from about 38% to 27% in 2024. Over that period the gap was narrowest at 23% in 2017. In dollar terms, the gap has widened by $855 since 2009.
Employment
| Metric | Isle of Wight County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.1% | 5.2% |
| Working from Home | 11.2% | 18.3% | 15.0% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 767 people are unemployed in Isle of Wight County, Virginia.
The average commute time in Isle of Wight County is 28 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Isle of Wight County, Virginia has fallen from 6.1% to 3.8% in 2024. Over that period the rate peaked at 8.2% in 2015.
Isle of Wight County, VA Wealth Compared With Nearby Counties
How Isle of Wight County, VA compares with the 1 counties closest to it.
| 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. |
|---|---|---|---|---|---|
| Isle of Wight County, VA | 39,974 | $94,885 #1/2 | 4.3%/yr #1/2 | 3.8% #1/2 | 0.527 #2/2 |
| Surry County, VA | 6,549 | $76,562 | 3.7%/yr | 5.0% | 0.523 |
Conclusion
Considering all these factors, Isle of Wight 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 Isle of Wight County, Virginia.
How Wealthy Is Isle of Wight County, Virginia?
Isle of Wight 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 $94,885, about 1% higher than the Virginia average of $93,527.
How fast is household income rising in Isle of Wight County, Virginia?
Between 2009 and 2024, the median household income in Isle of Wight County, Virginia rose 53%, from $61,839 to $94,885. Over the same years, income here lagged behind Virginia as a whole: +53% against +55%.
What was the median household income in Isle of Wight County in 2023?
In 2023, the median household income in Isle of Wight County, Virginia was $96,066, up 4% from $92,165 in 2022. The Virginia median that year was $91,420.
What was the median household income in Isle of Wight County in 2020?
In 2020, the median household income in Isle of Wight County, Virginia was $78,692. By 2024 it had risen 21% to $94,885.
What is the Gini coefficient in Isle of Wight County, Virginia?
The Gini coefficient in Isle of Wight County is 0.527. 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 Isle of Wight County, Virginia?
Since 2009, the income gap between men and women in Isle of Wight County, Virginia has narrowed from about 38% to 27% in 2024. Over that period the gap was narrowest at 23% in 2017. In dollar terms, the gap has widened by $855 since 2009.
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