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 | Page County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,311 | $91,409 | $78,145 |
| Median Personal Income | $48,048 | $68,517 | $61,726 |
| Average income growth | 4.1% | 4.6% | 5.1% |
| Six-Figure Earners | 5.1% | 17.6% | 13.2% |
The median household income in Page County is about 35% lower than in Virginia. Income has been growing slower in Page County (4.1%/yr) than in Virginia (4.6%/yr).
About 5% of adults in Page 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 Page County, Virginia grew by 40.6% from 2009 to 2023, reaching $59,311 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Page County | Gender Pay Gap | Gini Coefficient
| Metric | Page County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.565 | 0.570 |
| Male Median Income | $52,096 | $76,014 | $67,746 |
| Female Median Income | $41,762 | $60,748 | $54,793 |
| Gender Pay Gap | 19.8% | 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 Page County, it is 0.505, 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 25% more than women's income in Page County, Virginia. Over a 35-year career, a 25% wage gap accumulates to roughly $361,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Page County, Virginia has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has narrowed by $1,438 since 2009.
Employment
| Metric | Page County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.2% | 5.2% |
| Working from Home | 5.4% | 16.2% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 583 people are unemployed in Page County, Virginia.
The average commute time in Page County is 30 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Page County, Virginia has fallen from 9.8% to 5.0% in 2023.
Conclusion
Considering all these factors, Page 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 Page County, Virginia.
How Rich Is Page County, Virginia?
Page 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 $59,311, about 35% lower than the Virginia average of $91,409.
What is the current median household income in Page County, Virginia?
As of 2023, the median household income in Page County, Virginia is $59,311.
What was the median household income in Page County in 2023?
In 2023, the median household income in Page County, Virginia was $59,311.
What was the median household income in Page County in 2020?
In 2020, the median household income in Page County, Virginia was $51,950.
What is the Gini coefficient in Page County, Virginia?
The Gini coefficient in Page County is 0.505. 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 Page County, Virginia?
Since 2009, the income gap between men and women in Page County, Virginia has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has narrowed by $1,438 since 2009.