Madison County, Virginia Income Statistics
Madison 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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C
Madison County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,762 | $93,527 | $80,455 |
| Median Personal Income | $56,004 | $68,139 | $60,758 |
| Average Yearly Income Growth | 7.5% | 4.3% | 4.8% |
| Six-Figure Earners | 11.9% | 18.3% | 13.9% |
| $200k+ Households | 11.7% | 17.7% | 13.2% |
The median household income in Madison County is about 8% lower than in Virginia. Income has been growing faster in Madison County (7.5%/yr) than in Virginia (4.3%/yr).
About 12% of adults in Madison 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 Madison County, Virginia grew by 64.2% from 2009 to 2024, reaching $85,762 in 2024. That's an average of about 7.5% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.544 | 0.552 |
| Male Median Income | $58,729 | $78,585 | $69,667 |
| Female Median Income | $60,358 | $62,626 | $56,850 |
| Gender Pay Gap | -2.8% | 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 Madison County, it is 0.540, about the same as Virginia's 0.544, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Women's income is about 3% more than men's income in Madison County, Virginia. Over a 35-year career, a 3% wage gap accumulates to roughly $57,015 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Virginia has narrowed from about 19% to -3% in 2024. Over that period the gap was widest at 33% in 2018, and in 2022 women out-earned men by 4%. In dollar terms, the gap has narrowed by $9,376 since 2009.
Employment
| Metric | Madison County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.1% | 5.2% |
| Working from Home | 11.7% | 18.3% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 308 people are unemployed in Madison County, Virginia.
The average commute time in Madison County is 23 minutes, about the same as in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Virginia has fallen from 5.9% to 4.3% in 2024. Over that period the rate peaked at 7.7% in 2012 and fell as low as 3.7% in 2022.
Madison County, VA Wealth Compared With Nearby Counties
Madison County, VA is the 5th largest of the 6 counties compared here, 14,044 residents against a local median of 23,667. The measure that sets Madison County, VA apart most is income growth: 7.5%/yr, 59% above the local median of 4.8%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 4.3% against a local median of 3.3%, 30% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Madison County, VA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves sit within 2.0%/yr of each other on income growth, a tighter band than the gap between any of them and Madison County, VA, which makes it a genuine outlier here rather than one end of a wide local spread. Madison County, VA has the highest income growth 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. |
|---|---|---|---|---|---|
| Madison County, VA | 14,044 | $85,762 #4/6 | 7.5%/yr #1/6 | 4.3% #4/6 | 0.540 #6/6 |
| Greene County, VA | 21,143 | $90,893 | 4.8%/yr | 1.8% | 0.518 |
| Page County, VA | 23,667 | $57,694 | 3.2%/yr | 5.5% | 0.516 |
| Rappahannock County, VA | 7,424 | $83,056 | 5.1%/yr | 9.2% | 0.526 |
| Orange County, VA | 37,817 | $95,690 | 4.7%/yr | 3.3% | 0.504 |
| Culpeper County, VA | 54,397 | $100,052 | 5.2%/yr | 2.6% | 0.539 |
Conclusion
Considering all these factors, Madison County, Virginia has an overall wealth index grade of C, making it about on par with Virginia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Madison County, Virginia.
How Rich Is Madison County, Virginia?
Madison County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $85,762, about 8% lower than the Virginia average of $93,527.
Are incomes growing in Madison County, Virginia?
Between 2009 and 2024, the median household income in Madison County, Virginia rose 64%, from $52,227 to $85,762. Over the same years, income here outpaced Virginia as a whole: +64% against +55%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Virginia was $85,811, up 16% from $74,119 in 2022. The Virginia median that year was $91,420.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Virginia was $62,894. By 2024 it had risen 36% to $85,762.
What is the Gini coefficient in Madison County, Virginia?
The Gini coefficient in Madison County is 0.540. 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 Madison County, Virginia?
Since 2009, the income gap between men and women in Madison County, Virginia has narrowed from about 19% to -3% in 2024. Over that period the gap was widest at 33% in 2018, and in 2022 women out-earned men by 4%. In dollar terms, the gap has narrowed by $9,376 since 2009.
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