King William County, Virginia Income Statistics
King William 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
King William County Around averageWealthier than 76% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | King William County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,281 | $93,527 | $80,455 |
| Median Personal Income | $58,321 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.3% | 4.8% |
| Six-Figure Earners | 10.4% | 18.3% | 13.9% |
| $200k+ Households | 9.6% | 17.7% | 13.2% |
The median household income in King William County is about 7% lower than in Virginia. Income has been growing slower in King William County (3.5%/yr) than in Virginia (4.3%/yr).
About 10% of adults in King William 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 King William County, Virginia grew by 34.7% from 2009 to 2024, reaching $87,281 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in King William County
| Metric | King William County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.544 | 0.552 |
| Male Median Income | $64,985 | $78,585 | $69,667 |
| Female Median Income | $54,074 | $62,626 | $56,850 |
| Gender Pay Gap | 16.8% | 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 King William County, it is 0.489, 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 20% more than women's income in King William County, Virginia. Over a 35-year career, a 20% wage gap accumulates to roughly $381,885 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in King William County, Virginia has narrowed from about 24% to 17% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 12% in 2016. In dollar terms, the gap has narrowed by $1,091 since 2009.
Employment
| Metric | King William County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 4.1% | 5.2% |
| Working from Home | 10.9% | 18.3% | 15.0% |
| Commute time (minutes) | 33 | 23 | 22 |
Approximately 232 people are unemployed in King William County, Virginia.
The average commute time in King William County is 33 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in King William County, Virginia has fallen from 6.6% to 2.3% in 2024.
King William County, VA Wealth Compared With Nearby Counties
King William County, VA is the 3rd largest of the 6 counties compared here, 18,593 residents against a local median of 10,620. The measure that sets King William County, VA apart most is unemployment: 2.3%, 41% below the local median of 3.9%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $87,281 against a local median of $75,258, 16% above it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so King William County, VA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 2.9% on unemployment, so King William County, VA sits at one end of an already wide local range rather than apart from it. King William County, VA has the 2nd 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. |
|---|---|---|---|---|---|
| King William County, VA | 18,593 | $87,281 #3/6 | 3.5%/yr #5/6 | 2.3% #2/6 | 0.489 #1/6 |
| King and Queen County, VA | 6,696 | $67,967 | 4.4%/yr | 5.2% | 0.503 |
| New Kent County, VA | 25,099 | $123,257 | 6.4%/yr | 2.2% | 0.513 |
| Essex County, VA | 10,620 | $57,819 | 2.8%/yr | 3.9% | 0.544 |
| Charles City County, VA | 6,627 | $75,258 | 4.1%/yr | 3.9% | 0.504 |
| Henrico County, VA | 335,485 | $89,133 | 4.2%/yr | 3.9% | 0.524 |
Conclusion
Considering all these factors, King William County, Virginia has an overall wealth index grade of B, making it about on par with Virginia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in King William County, Virginia.
How Rich Is King William County, Virginia?
King William 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 $87,281, about 7% lower than the Virginia average of $93,527.
Are incomes growing in King William County, Virginia?
Between 2009 and 2024, the median household income in King William County, Virginia rose 35%, from $64,799 to $87,281. Over the same years, income here lagged behind Virginia as a whole: +35% against +55%.
What was the median household income in King William County in 2023?
In 2023, the median household income in King William County, Virginia was $85,778, up 9% from $78,500 in 2022. The Virginia median that year was $91,420.
What was the median household income in King William County in 2020?
In 2020, the median household income in King William County, Virginia was $73,028. By 2024 it had risen 20% to $87,281.
Is it hard to find a job in King William County, Virginia?
Unemployment in King William County, Virginia is only 2.3%, 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 King William County, Virginia?
The Gini coefficient in King William County is 0.489. 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 King William County, Virginia?
Since 2009, the income gap between men and women in King William County, Virginia has narrowed from about 24% to 17% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 12% in 2016. In dollar terms, the gap has narrowed by $1,091 since 2009.
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