Wealth Index
Wealthier than 95% of counties in Virginia
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 | Prince William County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $128,667 | $91,409 | $78,145 |
| Median Personal Income | $79,275 | $68,517 | $61,726 |
| Average income growth | 3.8% | 4.6% | 5.1% |
| Six-Figure Earners | 22.4% | 17.6% | 13.2% |
The median household income in Prince William County is about 41% higher than in Virginia. Income has been growing slower in Prince William County (3.8%/yr) than in Virginia (4.6%/yr).
About 22% of adults in Prince William County earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Prince William County, Virginia grew by 44.5% from 2009 to 2023, reaching $128,667 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Prince William County | Gender Pay Gap | Gini Coefficient
| Metric | Prince William County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.564 | 0.565 | 0.570 |
| Male Median Income | $87,671 | $76,014 | $67,746 |
| Female Median Income | $70,443 | $60,748 | $54,793 |
| Gender Pay Gap | 19.7% | 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 Prince William County, it is 0.564, about the same as Virginia's 0.565, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Prince William County, Virginia. Over a 35-year career, a 24% wage gap accumulates to roughly $602,980 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 William County, Virginia has narrowed from about 23% to 20% in 2023. In dollar terms, the gap has widened by $2,443 since 2009.
Employment
| Metric | Prince William County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.2% | 5.2% |
| Working from Home | 17.5% | 16.2% | 13.4% |
| Commute time (minutes) | 33 | 23 | 22 |
Approximately 11,638 people are unemployed in Prince William County, Virginia.
The average commute time in Prince William County is 33 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Prince William County, Virginia has fallen from 5.2% to 4.4% in 2023.
Conclusion
Considering all these factors, Prince William County, Virginia has an overall wealth index grade of A, making it somewhat better than Virginia, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Prince William County, Virginia.
How Rich Is Prince William County, Virginia?
Prince William County 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 residents are much better off than the U.S. average. The median household income is $128,667, about 41% higher than the Virginia average of $91,409.
What is the current median household income in Prince William County, Virginia?
As of 2023, the median household income in Prince William County, Virginia is $128,667.
What was the median household income in Prince William County in 2023?
In 2023, the median household income in Prince William County, Virginia was $128,667.
What was the median household income in Prince William County in 2020?
In 2020, the median household income in Prince William County, Virginia was $108,350.
What is the Gini coefficient in Prince William County, Virginia?
The Gini coefficient in Prince William County is 0.564. 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 Prince William County, Virginia?
Since 2009, the income gap between men and women in Prince William County, Virginia has narrowed from about 23% to 20% in 2023. In dollar terms, the gap has widened by $2,443 since 2009.