Richmond County, Virginia Income Statistics
Richmond 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
Richmond County Well below averageLess wealthy than 84% of counties in Virginia
Source: Map AI Methodology
Income Statistics Overview
| Metric | Richmond County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,824 | $93,527 | $80,455 |
| Median Personal Income | $51,200 | $68,139 | $60,758 |
| Average Yearly Income Growth | 5.8% | 4.3% | 4.8% |
| Six-Figure Earners | 4.0% | 18.3% | 13.9% |
| $200k+ Households | 2.9% | 17.7% | 13.2% |
The median household income in Richmond County is about 25% lower than in Virginia. Income has been growing faster in Richmond County (5.8%/yr) than in Virginia (4.3%/yr).
About 4% of adults in Richmond 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 Richmond County, Virginia grew by 66.3% from 2009 to 2024, reaching $69,824 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Richmond County
| Metric | Richmond County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.544 | 0.552 |
| Male Median Income | $54,243 | $78,585 | $69,667 |
| Female Median Income | $55,761 | $62,626 | $56,850 |
| Gender Pay Gap | -2.8% | 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 Richmond County, it is 0.537, 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.
Women's income is about 3% more than men's income in Richmond County, Virginia. Over a 35-year career, a 3% wage gap accumulates to roughly $53,130 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Richmond County, Virginia has narrowed from about 10% to -3% in 2024. Over that period the gap was widest at 22% in 2011, and in 2021 women out-earned men by 18%. In dollar terms, the gap has narrowed by $4,969 since 2009.
Employment
| Metric | Richmond County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.1% | 5.2% |
| Working from Home | 14.9% | 18.3% | 15.0% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 87 people are unemployed in Richmond County, Virginia.
The average commute time in Richmond County is 25 minutes, longer than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Richmond County, Virginia has fallen from 4.6% to 2.5% in 2024. Over that period the rate peaked at 10.8% in 2014 and fell as low as 1.9% in 2018.
Richmond County, VA Wealth Compared With Nearby Counties
Richmond County, VA is the 5th largest of the 6 counties compared here, 9,095 residents against a local median of 12,188. Richmond County, VA's income growth, at 5.8%/yr, runs 104% above the 2.8%/yr typical of the counties around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 2.5% against a local median of 3.9%, 36% below it. Every measure here with a clear better direction points the same way, so Richmond County, VA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 1.9%/yr on income growth, so Richmond County, VA sits at one end of an already wide local range rather than apart from it. Richmond County, VA has the highest income growth 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. |
|---|---|---|---|---|---|
| Richmond County, VA | 9,095 | $69,824 #2/6 | 5.8%/yr #1/6 | 2.5% #1/6 | 0.537 #4/6 |
| Westmoreland County, VA | 18,825 | $64,504 | 2.5%/yr | 7.2% | 0.538 |
| Essex County, VA | 10,620 | $57,819 | 2.8%/yr | 3.9% | 0.544 |
| King and Queen County, VA | 6,696 | $67,967 | 4.4%/yr | 5.2% | 0.503 |
| St. Mary's County, MD | 115,126 | $119,889 | 4.2%/yr | 3.4% | 0.525 |
| Northumberland County, VA | 12,188 | $66,900 | 2.7%/yr | 3.7% | 0.529 |
Conclusion
Considering all these factors, Richmond 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 Richmond County, Virginia.
How Rich Is Richmond County, Virginia?
Richmond 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 $69,824, about 25% lower than the Virginia average of $93,527.
How has median household income changed in Richmond County, Virginia?
Between 2009 and 2024, the median household income in Richmond County, Virginia rose 66%, from $41,998 to $69,824. Over the same years, income here outpaced Virginia as a whole: +66% against +55%.
What was the median household income in Richmond County in 2023?
In 2023, the median household income in Richmond County, Virginia was $68,235, up 2% from $67,058 in 2022. The Virginia median that year was $91,420.
What was the median household income in Richmond County in 2020?
In 2020, the median household income in Richmond County, Virginia was $54,983. By 2024 it had risen 27% to $69,824.
Is unemployment high in Richmond County, Virginia?
Unemployment in Richmond 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 Richmond County, Virginia?
The Gini coefficient in Richmond County is 0.537. 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 Richmond County, Virginia?
Since 2009, the income gap between men and women in Richmond County, Virginia has narrowed from about 10% to -3% in 2024. Over that period the gap was widest at 22% in 2011, and in 2021 women out-earned men by 18%. In dollar terms, the gap has narrowed by $4,969 since 2009.
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