New Kent County, Virginia Income Statistics
New Kent 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
New Kent County Around averageWealthier than 91% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | New Kent County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $123,257 | $93,527 | $80,455 |
| Median Personal Income | $70,294 | $68,139 | $60,758 |
| Average Yearly Income Growth | 6.4% | 4.3% | 4.8% |
| Six-Figure Earners | 18.8% | 18.3% | 13.9% |
| $200k+ Households | 17.4% | 17.7% | 13.2% |
The median household income in New Kent County is about 32% higher than in Virginia. Income has been growing faster in New Kent County (6.4%/yr) than in Virginia (4.3%/yr).
About 19% of adults in New Kent County earn six figures ($100,000 or more) a year, about the same as the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in New Kent County, Virginia grew by 75.7% from 2009 to 2024, reaching $123,257 in 2024. That's an average of about 6.4% per year.
Income Inequality and the Gender Pay Gap in New Kent County
| Metric | New Kent County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.544 | 0.552 |
| Male Median Income | $76,580 | $78,585 | $69,667 |
| Female Median Income | $68,653 | $62,626 | $56,850 |
| Gender Pay Gap | 10.4% | 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 New Kent County, it is 0.513, 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 12% more than women's income in New Kent County, Virginia. Over a 35-year career, a 12% wage gap accumulates to roughly $277,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New Kent County, Virginia has narrowed from about 27% to 10% in 2024. Over that period the gap was narrowest at 4% in 2020. In dollar terms, the gap has narrowed by $5,824 since 2009.
Employment
| Metric | New Kent County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 4.1% | 5.2% |
| Working from Home | 17.9% | 18.3% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 307 people are unemployed in New Kent County, Virginia.
The average commute time in New Kent County is 31 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New Kent County, Virginia has fallen from 7.7% to 2.2% in 2024. Over that period the rate peaked at 8.6% in 2012.
New Kent County, VA Wealth Compared With Nearby Counties
New Kent County, VA is the 2nd largest of the 5 counties compared here, 25,099 residents against a local median of 12,644. The measure that sets New Kent County, VA apart most is income growth: 6.4%/yr, 58% above the local median of 4.0%/yr. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $123,257 against a local median of $81,270, 52% above it. Every measure here with a clear better direction points the same way, so New Kent County, VA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves sit within 0.9%/yr of each other on income growth, a tighter band than the gap between any of them and New Kent County, VA, which makes it a genuine outlier here rather than one end of a wide local spread. New Kent County, VA has the highest income growth of the 5 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. |
|---|---|---|---|---|---|
| New Kent County, VA | 25,099 | $123,257 #1/5 | 6.4%/yr #1/5 | 2.2% #1/5 | 0.513 #4/5 |
| Charles City County, VA | 6,627 | $75,258 | 4.1%/yr | 3.9% | 0.504 |
| King William County, VA | 18,593 | $87,281 | 3.5%/yr | 2.3% | 0.489 |
| King and Queen County, VA | 6,696 | $67,967 | 4.4%/yr | 5.2% | 0.503 |
| James City County, VA | 81,013 | $109,376 | 3.9%/yr | 2.7% | 0.521 |
Conclusion
Considering all these factors, New Kent County, 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 New Kent County, Virginia.
How Rich Is New Kent County, Virginia?
New Kent 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 $123,257, about 32% higher than the Virginia average of $93,527.
Are incomes growing in New Kent County, Virginia?
Between 2009 and 2024, the median household income in New Kent County, Virginia rose 76%, from $70,134 to $123,257. Over the same years, income here outpaced Virginia as a whole: +76% against +55%.
What was the median household income in New Kent County in 2023?
In 2023, the median household income in New Kent County, Virginia was $117,725, up 5% from $111,743 in 2022. The Virginia median that year was $91,420.
What was the median household income in New Kent County in 2020?
In 2020, the median household income in New Kent County, Virginia was $96,947. By 2024 it had risen 27% to $123,257.
Is unemployment high in New Kent County, Virginia?
Unemployment in New Kent County, Virginia is only 2.2%, 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 New Kent County, Virginia?
The Gini coefficient in New Kent County is 0.513. 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 New Kent County, Virginia?
Since 2009, the income gap between men and women in New Kent County, Virginia has narrowed from about 27% to 10% in 2024. Over that period the gap was narrowest at 4% in 2020. In dollar terms, the gap has narrowed by $5,824 since 2009.
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