Short Pump, Virginia Income Statistics
Short Pump Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Short Pump Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Short Pump | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $143,408 | $93,527 | $80,455 |
| Median Personal Income | $108,824 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.3% | 4.8% |
| Six-Figure Earners | 32.4% | 18.3% | 13.9% |
| $200k+ Households | 34.3% | 17.7% | 13.2% |
The median household income in Short Pump is about 53% higher than in Virginia. Income has been growing slower in Short Pump (3.5%/yr) than in Virginia (4.3%/yr).
About 32% of adults in Short Pump earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Short Pump, Virginia grew by 47.1% from 2009 to 2024, reaching $143,408 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Short Pump
| Metric | Short Pump | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.511 | 0.544 | 0.552 |
| Male Median Income | $125,163 | $78,585 | $69,667 |
| Female Median Income | $93,100 | $62,626 | $56,850 |
| Gender Pay Gap | 25.6% | 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 Short Pump, it is 0.511, 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 34% more than women's income in Short Pump, Virginia. Over a 35-year career, a 34% wage gap accumulates to roughly $1,122,205 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Short Pump, Virginia has narrowed from about 35% to 26% in 2024. Over that period the gap was widest at 40% in 2014. In dollar terms, the gap has widened by $2,975 since 2009.
Employment
| Metric | Short Pump | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 4.1% | 5.2% |
| Working from Home | 29.5% | 18.3% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 305 people are unemployed in Short Pump, Virginia.
The average commute time in Short Pump is 20 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Short Pump, Virginia has fallen from 4.0% to 1.9% in 2024. Over that period the rate peaked at 4.5% in 2012.
Short Pump, VA Wealth Compared With Nearby Cities
How Short Pump, VA compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Short Pump, VA | 29,225 | $143,408 #1/2 | 3.5%/yr #2/2 | 1.9% #1/2 | 0.511 #1/2 |
| Tuckahoe, VA | 49,193 | $100,869 | 4.6%/yr | 4.1% | 0.535 |
Conclusion
Considering all these factors, Short Pump, Virginia has an overall wealth index grade of A+, making it notably better than Virginia, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Short Pump, Virginia.
How Rich Is Short Pump, Virginia?
Short Pump 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 it is one of the most prosperous areas in the country. The median household income is $143,408, about 53% higher than the Virginia average of $93,527.
How has median household income changed in Short Pump, Virginia?
Between 2009 and 2024, the median household income in Short Pump, Virginia rose 47%, from $97,498 to $143,408. Over the same years, income here lagged behind Virginia as a whole: +47% against +55%.
What was the median household income in Short Pump in 2023?
In 2023, the median household income in Short Pump, Virginia was $137,403, up 1% from $136,040 in 2022. The Virginia median that year was $91,420.
What was the median household income in Short Pump in 2020?
In 2020, the median household income in Short Pump, Virginia was $110,291. By 2024 it had risen 30% to $143,408.
Is Short Pump, Virginia a high-income area?
Yes. 32% of adults in Short Pump, Virginia earn $100,000 or more a year (about 1 in 3), against 18% (about 1 in 5) in Virginia. 34% of households have a combined income of $200,000 or more, compared with 18% in Virginia.
Is unemployment high in Short Pump, Virginia?
Unemployment in Short Pump, Virginia is only 1.9%, 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 Short Pump, Virginia?
The Gini coefficient in Short Pump is 0.511. 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 Short Pump, Virginia?
Since 2009, the income gap between men and women in Short Pump, Virginia has narrowed from about 35% to 26% in 2024. Over that period the gap was widest at 40% in 2014. In dollar terms, the gap has widened by $2,975 since 2009.
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