Staunton, Virginia Income Statistics
Staunton 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.
-
C
Staunton Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Staunton | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,216 | $93,527 | $80,455 |
| Median Personal Income | $52,978 | $68,139 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.3% | 4.8% |
| Six-Figure Earners | 7.5% | 18.3% | 13.9% |
| $200k+ Households | 4.5% | 17.7% | 13.2% |
The median household income in Staunton is about 29% lower than in Virginia. Income has been growing faster in Staunton (5.5%/yr) than in Virginia (4.3%/yr).
About 8% of adults in Staunton 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 Staunton, Virginia grew by 54.9% from 2009 to 2024, reaching $66,216 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Staunton
| Metric | Staunton | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.511 | 0.544 | 0.552 |
| Male Median Income | $61,015 | $78,585 | $69,667 |
| Female Median Income | $53,876 | $62,626 | $56,850 |
| Gender Pay Gap | 11.7% | 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 Staunton, 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 13% more than women's income in Staunton, Virginia. Over a 35-year career, a 13% wage gap accumulates to roughly $249,865 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Staunton, Virginia has narrowed from about 24% to 12% in 2024. Over that period the gap was widest at 27% in 2011, and was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $2,542 since 2009.
Employment
| Metric | Staunton | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.1% | 5.2% |
| Working from Home | 8.8% | 18.3% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 672 people are unemployed in Staunton, Virginia.
The average commute time in Staunton is 18 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Staunton, Virginia has fallen from 5.8% to 5.2% in 2024. Over that period the rate peaked at 7.2% in 2013 and fell as low as 3.2% in 2018.
Conclusion
Considering all these factors, Staunton, Virginia has an overall wealth index grade of C, making it somewhat worse than Virginia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Staunton, Virginia.
How Rich Is Staunton, Virginia?
Staunton has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $66,216, about 29% lower than the Virginia average of $93,527.
Are incomes growing in Staunton, Virginia?
Between 2009 and 2024, the median household income in Staunton, Virginia rose 55%, from $42,736 to $66,216. Over the same years, income here kept pace with Virginia as a whole: +55% against +55%.
What was the median household income in Staunton in 2023?
In 2023, the median household income in Staunton, Virginia was $61,860, up 3% from $59,775 in 2022. The Virginia median that year was $91,420.
What was the median household income in Staunton in 2020?
In 2020, the median household income in Staunton, Virginia was $53,069. By 2024 it had risen 25% to $66,216.
Is it hard to find a job in Staunton, Virginia?
Unemployment in Staunton, Virginia is 5.2%, well above the Virginia rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Staunton, Virginia?
The Gini coefficient in Staunton 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 Staunton, Virginia?
Since 2009, the income gap between men and women in Staunton, Virginia has narrowed from about 24% to 12% in 2024. Over that period the gap was widest at 27% in 2011, and was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $2,542 since 2009.
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