Powhatan County, Virginia Income Statistics
Powhatan 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
Powhatan County Around averageWealthier than 83% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Powhatan County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $109,252 | $93,527 | $80,455 |
| Median Personal Income | $70,617 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.3% | 4.8% |
| Six-Figure Earners | 16.2% | 18.3% | 13.9% |
| $200k+ Households | 18.3% | 17.7% | 13.2% |
The median household income in Powhatan County is about 17% higher than in Virginia. Income has been growing slower in Powhatan County (4.2%/yr) than in Virginia (4.3%/yr).
About 16% of adults in Powhatan 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 Powhatan County, Virginia grew by 45.4% from 2009 to 2024, reaching $109,252 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Powhatan County
| Metric | Powhatan County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.544 | 0.552 |
| Male Median Income | $80,427 | $78,585 | $69,667 |
| Female Median Income | $61,856 | $62,626 | $56,850 |
| Gender Pay Gap | 23.1% | 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 Powhatan County, it is 0.527, 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 30% more than women's income in Powhatan County, Virginia. Over a 35-year career, a 30% wage gap accumulates to roughly $649,985 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Powhatan County, Virginia has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 29% in 2011, and was narrowest at 19% in 2021. In dollar terms, the gap has widened by $2,072 since 2009.
Employment
| Metric | Powhatan County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.1% | 5.2% |
| Working from Home | 23.1% | 18.3% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 601 people are unemployed in Powhatan County, Virginia.
The average commute time in Powhatan County is 31 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Powhatan County, Virginia has fallen from 4.2% to 3.6% in 2024. Over that period the rate peaked at 6.4% in 2013 and fell as low as 1.4% in 2020.
Powhatan County, VA Wealth Compared With Nearby Counties
Powhatan County, VA is the 2nd largest of the 6 counties compared here, 31,555 residents against a local median of 15,597. Powhatan County, VA's median household income, at $109,252, runs 43% above the $76,429 typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread $61,630 on median household income, so Powhatan County, VA sits at one end of an already wide local range rather than apart from it. Powhatan County, VA has the 2nd highest median household income of the 6 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. |
|---|---|---|---|---|---|
| Powhatan County, VA | 31,555 | $109,252 #2/6 | 4.2%/yr #5/6 | 3.6% #4/6 | 0.527 #4/6 |
| Goochland County, VA | 26,549 | $117,817 | 4.5%/yr | 1.7% | 0.535 |
| Amelia County, VA | 13,462 | $76,429 | 3.7%/yr | 3.8% | 0.505 |
| Cumberland County, VA | 9,818 | $56,187 | 5.2%/yr | 3.3% | 0.521 |
| Chesterfield County, VA | 377,744 | $102,256 | 4.2%/yr | 4.6% | 0.522 |
| Nottoway County, VA | 15,597 | $63,094 | 6.8%/yr | 2.8% | 0.587 |
Conclusion
Considering all these factors, Powhatan 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 Powhatan County, Virginia.
How Rich Is Powhatan County, Virginia?
Powhatan 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 $109,252, about 17% higher than the Virginia average of $93,527.
How has median household income changed in Powhatan County, Virginia?
Between 2009 and 2024, the median household income in Powhatan County, Virginia rose 45%, from $75,151 to $109,252. Over the same years, income here lagged behind Virginia as a whole: +45% against +55%.
What was the median household income in Powhatan County in 2023?
In 2023, the median household income in Powhatan County, Virginia was $110,759, up 1% from $109,632 in 2022. The Virginia median that year was $91,420.
What was the median household income in Powhatan County in 2020?
In 2020, the median household income in Powhatan County, Virginia was $94,720. By 2024 it had risen 15% to $109,252.
What is the Gini coefficient in Powhatan County, Virginia?
The Gini coefficient in Powhatan County is 0.527. 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 Powhatan County, Virginia?
Since 2009, the income gap between men and women in Powhatan County, Virginia has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 29% in 2011, and was narrowest at 19% in 2021. In dollar terms, the gap has widened by $2,072 since 2009.
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