Wealth Index
Wealthier than 87% of counties in Virginia
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.
Income Statistics Overview
| Metric | James City County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,206 | $91,409 | $78,145 |
| Median Personal Income | $69,303 | $68,517 | $61,726 |
| Average income growth | 4.3% | 4.6% | 5.1% |
| Six-Figure Earners | 19.2% | 17.6% | 13.2% |
The median household income in James City County is about 18% higher than in Virginia. Income has been growing slower in James City County (4.3%/yr) than in Virginia (4.6%/yr).
About 19% of adults in James City County earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in James City County, Virginia grew by 50.0% from 2009 to 2023, reaching $108,206 in 2023. That's an average of about 4.3% per year.
Economic Inequality in James City County | Gender Pay Gap | Gini Coefficient
| Metric | James City County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.565 | 0.570 |
| Male Median Income | $77,739 | $76,014 | $67,746 |
| Female Median Income | $59,884 | $60,748 | $54,793 |
| Gender Pay Gap | 23.0% | 20.1% | 19.1% |
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 James City County, it is 0.547, lower than Virginia's 0.565, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 30% more than women's income in James City County, Virginia. Over a 35-year career, a 30% wage gap accumulates to roughly $624,925 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in James City County, Virginia has narrowed from about 34% to 23% in 2023. In dollar terms, the gap has narrowed by $2,771 since 2009.
Employment
| Metric | James City County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.2% | 5.2% |
| Working from Home | 15.7% | 16.2% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 1,286 people are unemployed in James City County, Virginia.
The average commute time in James City County is 21 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in James City County, Virginia has fallen from 4.5% to 3.4% in 2023.
Conclusion
Considering all these factors, James City 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 James City County, Virginia.
How Rich Is James City County, Virginia?
James City 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 $108,206, about 18% higher than the Virginia average of $91,409.
What is the current median household income in James City County, Virginia?
As of 2023, the median household income in James City County, Virginia is $108,206.
What was the median household income in James City County in 2023?
In 2023, the median household income in James City County, Virginia was $108,206.
What was the median household income in James City County in 2020?
In 2020, the median household income in James City County, Virginia was $91,643.
What is the Gini coefficient in James City County, Virginia?
The Gini coefficient in James City County is 0.547. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in James City County, Virginia?
Since 2009, the income gap between men and women in James City County, Virginia has narrowed from about 34% to 23% in 2023. In dollar terms, the gap has narrowed by $2,771 since 2009.