Lake Ridge, Virginia Income Statistics
Lake Ridge 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.
-
A
Lake Ridge Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lake Ridge | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $128,574 | $93,527 | $80,455 |
| Median Personal Income | $81,143 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.3% | 4.8% |
| Six-Figure Earners | 23.7% | 18.3% | 13.9% |
| $200k+ Households | 26.0% | 17.7% | 13.2% |
The median household income in Lake Ridge is about 37% higher than in Virginia. Income has been growing slower in Lake Ridge (3.8%/yr) than in Virginia (4.3%/yr).
About 24% of adults in Lake Ridge earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lake Ridge, Virginia grew by 39.6% from 2009 to 2024, reaching $128,574 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Lake Ridge
| Metric | Lake Ridge | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.544 | 0.552 |
| Male Median Income | $93,584 | $78,585 | $69,667 |
| Female Median Income | $75,347 | $62,626 | $56,850 |
| Gender Pay Gap | 19.5% | 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 Lake Ridge, it is 0.530, 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 24% more than women's income in Lake Ridge, Virginia. Over a 35-year career, a 24% wage gap accumulates to roughly $638,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lake Ridge, Virginia has narrowed from about 30% to 19% in 2024. Over that period the gap was widest at 31% in 2010, and was narrowest at 14% in 2015. In dollar terms, the gap has narrowed by $4,114 since 2009.
Employment
| Metric | Lake Ridge | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.1% | 5.2% |
| Working from Home | 20.5% | 18.3% | 15.0% |
| Commute time (minutes) | 33 | 23 | 22 |
Approximately 877 people are unemployed in Lake Ridge, Virginia.
The average commute time in Lake Ridge is 33 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lake Ridge, Virginia has fallen from 4.3% to 4.0% in 2024. Over that period the rate peaked at 5.4% in 2013 and fell as low as 3.9% in 2023.
Lake Ridge, VA Wealth Compared With Nearby Cities
How Lake Ridge, VA compares with the 1 cities 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. |
|---|---|---|---|---|---|
| Lake Ridge, VA | 40,143 | $128,574 #1/2 | 3.8%/yr #1/2 | 4.0% #1/2 | 0.530 #1/2 |
| Dale City, VA | 67,951 | $112,930 | 3.3%/yr | 4.9% | 0.549 |
Conclusion
Considering all these factors, Lake Ridge, Virginia has an overall wealth index grade of A, making it somewhat better than Virginia, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lake Ridge, Virginia.
How Rich Is Lake Ridge, Virginia?
Lake Ridge has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $128,574, about 37% higher than the Virginia average of $93,527.
How has median household income changed in Lake Ridge, Virginia?
Between 2009 and 2024, the median household income in Lake Ridge, Virginia rose 40%, from $92,120 to $128,574. Over the same years, income here lagged behind Virginia as a whole: +40% against +55%.
What was the median household income in Lake Ridge in 2023?
In 2023, the median household income in Lake Ridge, Virginia was $120,396, up 2% from $118,432 in 2022. The Virginia median that year was $91,420.
What was the median household income in Lake Ridge in 2020?
In 2020, the median household income in Lake Ridge, Virginia was $106,819. By 2024 it had risen 20% to $128,574.
What is the Gini coefficient in Lake Ridge, Virginia?
The Gini coefficient in Lake Ridge is 0.530. 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 Lake Ridge, Virginia?
Since 2009, the income gap between men and women in Lake Ridge, Virginia has narrowed from about 30% to 19% in 2024. Over that period the gap was widest at 31% in 2010, and was narrowest at 14% in 2015. In dollar terms, the gap has narrowed by $4,114 since 2009.
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