Oakton, Virginia Income Statistics
Oakton 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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A+
Oakton Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oakton | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $161,629 | $93,527 | $80,455 |
| Median Personal Income | $112,109 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.3% | 4.8% |
| Six-Figure Earners | 36.3% | 18.3% | 13.9% |
| $200k+ Households | 38.9% | 17.7% | 13.2% |
The median household income in Oakton is about 73% higher than in Virginia. Income has been growing slower in Oakton (3.6%/yr) than in Virginia (4.3%/yr).
About 36% of adults in Oakton 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 Oakton, Virginia grew by 41.1% from 2009 to 2024, reaching $161,629 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Oakton
| Metric | Oakton | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.493 | 0.544 | 0.552 |
| Male Median Income | $120,379 | $78,585 | $69,667 |
| Female Median Income | $104,645 | $62,626 | $56,850 |
| Gender Pay Gap | 13.1% | 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 Oakton, it is 0.493, 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 15% more than women's income in Oakton, Virginia. Over a 35-year career, a 15% wage gap accumulates to roughly $550,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oakton, Virginia has narrowed from about 27% to 13% in 2024. Over that period the gap was widest at 37% in 2012. In dollar terms, the gap has narrowed by $9,339 since 2009.
Employment
| Metric | Oakton | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 4.1% | 5.2% |
| Working from Home | 34.0% | 18.3% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 414 people are unemployed in Oakton, Virginia.
The average commute time in Oakton is 27 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oakton, Virginia has fallen from 3.9% to 1.9% in 2024. Over that period the rate peaked at 4.5% in 2014.
Oakton, VA Wealth Compared With Nearby Cities
How Oakton, 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. |
|---|---|---|---|---|---|
| Oakton, VA | 37,572 | $161,629 #1/2 | 3.6%/yr #1/2 | 1.9% #1/2 | 0.493 #1/2 |
| Fairfax, VA | 25,027 | $133,457 | 3.2%/yr | 3.3% | 0.530 |
Conclusion
Considering all these factors, Oakton, Virginia has an overall wealth index grade of A+, making it notably better than Virginia, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oakton, Virginia.
How Wealthy Is Oakton, Virginia?
Oakton 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 it is one of the most prosperous areas in the country. The median household income is $161,629, about 73% higher than the Virginia average of $93,527.
Are incomes growing in Oakton, Virginia?
Between 2009 and 2024, the median household income in Oakton, Virginia rose 41%, from $114,515 to $161,629. Over the same years, income here lagged behind Virginia as a whole: +41% against +55%.
What was the median household income in Oakton in 2023?
In 2023, the median household income in Oakton, Virginia was $163,412, up 5% from $156,307 in 2022. The Virginia median that year was $91,420.
What was the median household income in Oakton in 2020?
In 2020, the median household income in Oakton, Virginia was $136,457. By 2024 it had risen 18% to $161,629.
Do many residents of Oakton, Virginia earn over $100,000?
Yes. 36% of adults in Oakton, Virginia earn $100,000 or more a year (about 1 in 3), against 18% (about 1 in 5) in Virginia. 39% of households have a combined income of $200,000 or more, compared with 18% in Virginia.
Is it hard to find a job in Oakton, Virginia?
Unemployment in Oakton, 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 Oakton, Virginia?
The Gini coefficient in Oakton is 0.493. 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 Oakton, Virginia?
Since 2009, the income gap between men and women in Oakton, Virginia has narrowed from about 27% to 13% in 2024. Over that period the gap was widest at 37% in 2012. In dollar terms, the gap has narrowed by $9,339 since 2009.
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