Wealth Index
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 | Middlesex County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,921 | $91,409 | $78,145 |
| Median Personal Income | $54,085 | $68,517 | $61,726 |
| Average income growth | 5.1% | 4.6% | 5.1% |
| Six-Figure Earners | 11.3% | 17.6% | 13.2% |
The median household income in Middlesex County is about 19% lower than in Virginia. Income has been growing faster in Middlesex County (5.1%/yr) than in Virginia (4.6%/yr).
About 11% of adults in Middlesex County earn six figures ($100,000 or more) a year, lower than the Virginia average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Middlesex County, Virginia grew by 47.0% from 2009 to 2023, reaching $73,921 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Middlesex County | Gender Pay Gap | Gini Coefficient
| Metric | Middlesex County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.565 | 0.570 |
| Male Median Income | $59,824 | $76,014 | $67,746 |
| Female Median Income | $49,465 | $60,748 | $54,793 |
| Gender Pay Gap | 17.3% | 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 Middlesex County, it is 0.541, 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 21% more than women's income in Middlesex County, Virginia. Over a 35-year career, a 21% wage gap accumulates to roughly $362,565 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Middlesex County, Virginia has narrowed from about 32% to 17% in 2023. In dollar terms, the gap has narrowed by $3,424 since 2009.
Employment
| Metric | Middlesex County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.2% | 5.2% |
| Working from Home | 20.3% | 16.2% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 204 people are unemployed in Middlesex County, Virginia.
The average commute time in Middlesex County is 26 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Middlesex County, Virginia has risen from 4.1% to 4.4% in 2023.
Conclusion
Considering all these factors, Middlesex County, Virginia has an overall wealth index grade of C, making it somewhat worse than Virginia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Middlesex County, Virginia.
How Rich Is Middlesex County, Virginia?
Middlesex 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 $73,921, about 19% lower than the Virginia average of $91,409.
What is the current median household income in Middlesex County, Virginia?
As of 2023, the median household income in Middlesex County, Virginia is $73,921.
What was the median household income in Middlesex County in 2023?
In 2023, the median household income in Middlesex County, Virginia was $73,921.
What was the median household income in Middlesex County in 2020?
In 2020, the median household income in Middlesex County, Virginia was $56,448.
What is the Gini coefficient in Middlesex County, Virginia?
The Gini coefficient in Middlesex County is 0.541. 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 Middlesex County, Virginia?
Since 2009, the income gap between men and women in Middlesex County, Virginia has narrowed from about 32% to 17% in 2023. In dollar terms, the gap has narrowed by $3,424 since 2009.