Mechanicsville, Virginia Income Statistics
Mechanicsville 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.
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B
Mechanicsville Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mechanicsville | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,513 | $93,527 | $80,455 |
| Median Personal Income | $66,661 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.3% | 4.8% |
| Six-Figure Earners | 14.9% | 18.3% | 13.9% |
| $200k+ Households | 13.1% | 17.7% | 13.2% |
The median household income in Mechanicsville is about 5% higher than in Virginia. Income has been growing slower in Mechanicsville (4.2%/yr) than in Virginia (4.3%/yr).
About 15% of adults in Mechanicsville 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 Mechanicsville, Virginia grew by 41.5% from 2009 to 2024, reaching $98,513 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Mechanicsville
| Metric | Mechanicsville | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.495 | 0.544 | 0.552 |
| Male Median Income | $73,783 | $78,585 | $69,667 |
| Female Median Income | $61,875 | $62,626 | $56,850 |
| Gender Pay Gap | 16.1% | 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 Mechanicsville, it is 0.495, 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 19% more than women's income in Mechanicsville, Virginia. Over a 35-year career, a 19% wage gap accumulates to roughly $416,780 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mechanicsville, Virginia has narrowed from about 20% to 16% in 2024. Over that period the gap was narrowest at 11% in 2017. In dollar terms, the gap has widened by $1,161 since 2009.
Employment
| Metric | Mechanicsville | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 4.1% | 5.2% |
| Working from Home | 17.7% | 18.3% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 303 people are unemployed in Mechanicsville, Virginia.
The average commute time in Mechanicsville is 23 minutes, about the same as in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mechanicsville, Virginia has fallen from 4.1% to 1.9% in 2024. Over that period the rate peaked at 5.6% in 2014.
Conclusion
Considering all these factors, Mechanicsville, 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 Mechanicsville, Virginia.
How Rich Is Mechanicsville, Virginia?
Mechanicsville 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 $98,513, about 5% higher than the Virginia average of $93,527.
Are incomes growing in Mechanicsville, Virginia?
Between 2009 and 2024, the median household income in Mechanicsville, Virginia rose 42%, from $69,611 to $98,513. Over the same years, income here lagged behind Virginia as a whole: +42% against +55%.
What was the median household income in Mechanicsville in 2023?
In 2023, the median household income in Mechanicsville, Virginia was $97,895, up 5% from $92,953 in 2022. The Virginia median that year was $91,420.
What was the median household income in Mechanicsville in 2020?
In 2020, the median household income in Mechanicsville, Virginia was $79,636. By 2024 it had risen 24% to $98,513.
How strong is the job market in Mechanicsville, Virginia?
Unemployment in Mechanicsville, Virginia is only 1.9%, 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 Mechanicsville, Virginia?
The Gini coefficient in Mechanicsville is 0.495. 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 Mechanicsville, Virginia?
Since 2009, the income gap between men and women in Mechanicsville, Virginia has narrowed from about 20% to 16% in 2024. Over that period the gap was narrowest at 11% in 2017. In dollar terms, the gap has widened by $1,161 since 2009.
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