Radford city, Virginia Income Statistics
Radford city 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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F
Radford city Well below averageAmong the 3 least wealthy counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Radford city | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,097 | $93,527 | $80,455 |
| Median Personal Income | $48,263 | $68,139 | $60,758 |
| Average Yearly Income Growth | 7.6% | 4.3% | 4.8% |
| Six-Figure Earners | 5.7% | 18.3% | 13.9% |
| $200k+ Households | 6.1% | 17.7% | 13.2% |
The median household income in Radford city is about 41% lower than in Virginia. Income has been growing faster in Radford city (7.6%/yr) than in Virginia (4.3%/yr).
About 6% of adults in Radford city 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 Radford city, Virginia grew by 85.6% from 2009 to 2024, reaching $55,097 in 2024. That's an average of about 7.6% per year.
Income Inequality and the Gender Pay Gap in Radford city
| Metric | Radford city | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.635 | 0.544 | 0.552 |
| Male Median Income | $49,459 | $78,585 | $69,667 |
| Female Median Income | $44,139 | $62,626 | $56,850 |
| Gender Pay Gap | 10.8% | 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 Radford city, it is 0.635, 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 12% more than women's income in Radford city, Virginia. Over a 35-year career, a 12% wage gap accumulates to roughly $186,200 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Radford city, Virginia has narrowed from about 23% to 11% in 2024. Over that period the gap in 2013 women out-earned men by 11%. In dollar terms, the gap has narrowed by $3,560 since 2009.
Employment
| Metric | Radford city | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.0% | 4.1% | 5.2% |
| Working from Home | 5.3% | 18.3% | 15.0% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 728 people are unemployed in Radford city, Virginia.
The average commute time in Radford city is 17 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Radford city, Virginia has fallen from 9.8% to 8.0% in 2024. Over that period the rate peaked at 10.2% in 2012 and fell as low as 4.5% in 2019.
Radford city, VA Wealth Compared With Nearby Counties
Radford city, VA is the 4th largest of the 6 counties compared here, 16,726 residents against a local median of 29,157. Where Radford city, VA breaks from the counties next to it is unemployment, sitting 151% above the local median of 3.2% at 8.0%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 7.6%/yr against a local median of 4.4%/yr, 73% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Radford city, VA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 3.4% on unemployment, so Radford city, VA sits at one end of an already wide local range rather than apart from it. Radford city, VA has the 6th 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. |
|---|---|---|---|---|---|
| Radford city, VA | 16,726 | $55,097 #5/6 | 7.6%/yr #1/6 | 8.0% #6/6 | 0.635 #6/6 |
| Pulaski County, VA | 33,685 | $63,216 | 3.1%/yr | 3.2% | 0.522 |
| Montgomery County, VA | 99,089 | $71,288 | 4.7%/yr | 2.9% | 0.623 |
| Giles County, VA | 16,557 | $67,311 | 4.4%/yr | 2.1% | 0.498 |
| Floyd County, VA | 15,593 | $64,159 | 3.9%/yr | 3.6% | 0.527 |
| Carroll County, VA | 29,157 | $54,664 | 4.9%/yr | 5.5% | 0.519 |
Conclusion
Considering all these factors, Radford city, Virginia has an overall wealth index grade of F, making it worse than Virginia, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Radford city, Virginia.
How Rich Is Radford city, Virginia?
Radford city has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $55,097, about 41% lower than the Virginia average of $93,527.
How fast is household income rising in Radford city, Virginia?
Between 2009 and 2024, the median household income in Radford city, Virginia rose 86%, from $29,687 to $55,097. Over the same years, income here outpaced Virginia as a whole: +86% against +55%.
What was the median household income in Radford city in 2023?
In 2023, the median household income in Radford city, Virginia was $50,918, down 1% from $51,284 in 2022. The Virginia median that year was $91,420.
What was the median household income in Radford city in 2020?
In 2020, the median household income in Radford city, Virginia was $34,594. By 2024 it had risen 59% to $55,097.
Is it hard to find a job in Radford city, Virginia?
Unemployment in Radford city, Virginia is 8.0%, well above the Virginia rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Radford city, Virginia?
The Gini coefficient in Radford city is 0.635. 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 Radford city, Virginia?
Since 2009, the income gap between men and women in Radford city, Virginia has narrowed from about 23% to 11% in 2024. Over that period the gap in 2013 women out-earned men by 11%. In dollar terms, the gap has narrowed by $3,560 since 2009.
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