Prince Edward County, Virginia Income Statistics
Prince Edward 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
Prince Edward County Well below averageLess wealthy than 95% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Prince Edward County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,516 | $93,527 | $80,455 |
| Median Personal Income | $48,109 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.3% | 4.8% |
| Six-Figure Earners | 6.1% | 18.3% | 13.9% |
| $200k+ Households | 7.2% | 17.7% | 13.2% |
The median household income in Prince Edward County is about 41% lower than in Virginia. Income has been growing slower in Prince Edward County (3.7%/yr) than in Virginia (4.3%/yr).
About 6% of adults in Prince Edward 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 Prince Edward County, Virginia grew by 53.4% from 2009 to 2024, reaching $55,516 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Prince Edward County
| Metric | Prince Edward County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.639 | 0.544 | 0.552 |
| Male Median Income | $53,179 | $78,585 | $69,667 |
| Female Median Income | $50,000 | $62,626 | $56,850 |
| Gender Pay Gap | 6.0% | 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 Prince Edward County, it is 0.639, higher than Virginia's 0.544, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 6% more than women's income in Prince Edward County, Virginia. Over a 35-year career, a 6% wage gap accumulates to roughly $111,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Prince Edward County, Virginia has narrowed from about 23% to 6% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has narrowed by $5,110 since 2009.
Employment
| Metric | Prince Edward County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.5% | 4.1% | 5.2% |
| Working from Home | 7.3% | 18.3% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 138 people are unemployed in Prince Edward County, Virginia.
The average commute time in Prince Edward County is 18 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Prince Edward County, Virginia has fallen from 7.6% to 1.5% in 2024. Over that period the rate peaked at 10.0% in 2012.
Prince Edward County, VA Wealth Compared With Nearby Counties
Prince Edward County, VA is the largest of the 6 counties compared here, 21,996 residents against a local median of 12,016. Prince Edward County, VA's unemployment, at 1.5%, runs 53% below the 3.3% typical of the counties around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 3.7%/yr against a local median of 5.2%/yr, 28% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Prince Edward County, VA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 2.3% on unemployment, so Prince Edward County, VA sits at one end of an already wide local range rather than apart from it. Prince Edward County, VA has the lowest unemployment 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. |
|---|---|---|---|---|---|
| Prince Edward County, VA | 21,996 | $55,516 #6/6 | 3.7%/yr #6/6 | 1.5% #1/6 | 0.639 #6/6 |
| Charlotte County, VA | 11,422 | $58,610 | 7.3%/yr | 2.4% | 0.521 |
| Lunenburg County, VA | 12,016 | $57,608 | 4.8%/yr | 3.6% | 0.573 |
| Cumberland County, VA | 9,818 | $56,187 | 5.2%/yr | 3.3% | 0.521 |
| Buckingham County, VA | 16,972 | $61,152 | 4.5%/yr | 4.7% | 0.582 |
| Nottoway County, VA | 15,597 | $63,094 | 6.8%/yr | 2.8% | 0.587 |
Conclusion
Considering all these factors, Prince Edward County, Virginia has an overall wealth index grade of D, making it worse than Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Prince Edward County, Virginia.
How Rich Is Prince Edward County, Virginia?
Prince Edward 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 $55,516, about 41% lower than the Virginia average of $93,527.
How has median household income changed in Prince Edward County, Virginia?
Between 2009 and 2024, the median household income in Prince Edward County, Virginia rose 53%, from $36,189 to $55,516. Over the same years, income here lagged behind Virginia as a whole: +53% against +55%.
What was the median household income in Prince Edward County in 2023?
In 2023, the median household income in Prince Edward County, Virginia was $54,695, down 3% from $56,221 in 2022. The Virginia median that year was $91,420.
What was the median household income in Prince Edward County in 2020?
In 2020, the median household income in Prince Edward County, Virginia was $44,683. By 2024 it had risen 24% to $55,516.
Is it hard to find a job in Prince Edward County, Virginia?
Unemployment in Prince Edward County, Virginia is only 1.5%, 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 Prince Edward County, Virginia?
The Gini coefficient in Prince Edward County is 0.639. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Prince Edward County, Virginia?
Since 2009, the income gap between men and women in Prince Edward County, Virginia has narrowed from about 23% to 6% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has narrowed by $5,110 since 2009.
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