Patrick County, Virginia Income Statistics
Patrick 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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D
Patrick County Well below averageLess wealthy than 70% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Patrick County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,300 | $93,527 | $80,455 |
| Median Personal Income | $46,881 | $68,139 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.3% | 4.8% |
| Six-Figure Earners | 7.5% | 18.3% | 13.9% |
| $200k+ Households | 4.7% | 17.7% | 13.2% |
The median household income in Patrick County is about 43% lower than in Virginia. Income has been growing faster in Patrick County (5.1%/yr) than in Virginia (4.3%/yr).
About 8% of adults in Patrick County 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 Patrick County, Virginia grew by 48.6% from 2009 to 2024, reaching $53,300 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Patrick County
| Metric | Patrick County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.544 | 0.552 |
| Male Median Income | $52,667 | $78,585 | $69,667 |
| Female Median Income | $45,000 | $62,626 | $56,850 |
| Gender Pay Gap | 14.6% | 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 Patrick County, it is 0.528, 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 17% more than women's income in Patrick County, Virginia. Over a 35-year career, a 17% wage gap accumulates to roughly $268,345 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Patrick County, Virginia has narrowed from about 16% to 15% in 2024. Over that period the gap was widest at 27% in 2010, and was narrowest at 8% in 2016. In dollar terms, the gap has widened by $2,576 since 2009.
Employment
| Metric | Patrick County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.1% | 5.2% |
| Working from Home | 12.9% | 18.3% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 190 people are unemployed in Patrick County, Virginia.
The average commute time in Patrick County is 27 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Patrick County, Virginia has fallen from 11.4% to 2.5% in 2024. Over that period the rate peaked at 11.5% in 2012 and fell as low as 2.0% in 2023.
Patrick County, VA Wealth Compared With Nearby Counties
Patrick County, VA is the 4th largest of the 5 counties compared here, 17,512 residents against a local median of 37,169. Where Patrick County, VA breaks from the counties next to it is unemployment, sitting 34% below the local median of 3.8% at 2.5%. That is the better end of the local range on this measure.
The counties themselves spread 2.4% on unemployment, so Patrick County, VA sits at one end of an already wide local range rather than apart from it. Patrick County, VA has the lowest unemployment 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. |
|---|---|---|---|---|---|
| Patrick County, VA | 17,512 | $53,300 #4/5 | 5.1%/yr #2/5 | 2.5% #1/5 | 0.528 #5/5 |
| Floyd County, VA | 15,593 | $64,159 | 3.9%/yr | 3.6% | 0.527 |
| Stokes County, NC | 45,181 | $63,303 | 5.1%/yr | 3.1% | 0.511 |
| Henry County, VA | 49,976 | $50,747 | 4.8%/yr | 4.0% | 0.517 |
| Carroll County, VA | 29,157 | $54,664 | 4.9%/yr | 5.5% | 0.519 |
Conclusion
Considering all these factors, Patrick County, Virginia has an overall wealth index grade of D, making it somewhat worse than Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Patrick County, Virginia.
How Rich Is Patrick County, Virginia?
Patrick County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,300, about 43% lower than the Virginia average of $93,527.
How fast is household income rising in Patrick County, Virginia?
Between 2009 and 2024, the median household income in Patrick County, Virginia rose 49%, from $35,865 to $53,300. Over the same years, income here lagged behind Virginia as a whole: +49% against +55%.
What was the median household income in Patrick County in 2023?
In 2023, the median household income in Patrick County, Virginia was $51,323, up 4% from $49,430 in 2022. The Virginia median that year was $91,420.
What was the median household income in Patrick County in 2020?
In 2020, the median household income in Patrick County, Virginia was $47,283. By 2024 it had risen 13% to $53,300.
How strong is the job market in Patrick County, Virginia?
Unemployment in Patrick County, Virginia is only 2.5%, 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 Patrick County, Virginia?
The Gini coefficient in Patrick County is 0.528. 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 Patrick County, Virginia?
Since 2009, the income gap between men and women in Patrick County, Virginia has narrowed from about 16% to 15% in 2024. Over that period the gap was widest at 27% in 2010, and was narrowest at 8% in 2016. In dollar terms, the gap has widened by $2,576 since 2009.
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