Virginia Beach, Virginia Income Statistics
Virginia Beach 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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B
Virginia Beach Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Virginia Beach | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,171 | $93,527 | $80,455 |
| Median Personal Income | $62,246 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.3% | 4.8% |
| Six-Figure Earners | 16.1% | 18.3% | 13.9% |
| $200k+ Households | 14.1% | 17.7% | 13.2% |
The median household income in Virginia Beach is about the same as in Virginia. Income has been growing slower in Virginia Beach (4.0%/yr) than in Virginia (4.3%/yr).
About 16% of adults in Virginia Beach 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 Virginia Beach, Virginia grew by 47.1% from 2009 to 2024, reaching $93,171 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Virginia Beach
| Metric | Virginia Beach | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.544 | 0.552 |
| Male Median Income | $73,331 | $78,585 | $69,667 |
| Female Median Income | $59,672 | $62,626 | $56,850 |
| Gender Pay Gap | 18.6% | 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 Virginia Beach, it is 0.521, 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 23% more than women's income in Virginia Beach, Virginia. Over a 35-year career, a 23% wage gap accumulates to roughly $478,065 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Virginia Beach, Virginia has narrowed from about 26% to 19% in 2024. Over that period the gap was narrowest at 16% in 2023. In dollar terms, the gap has widened by $1,174 since 2009.
Employment
| Metric | Virginia Beach | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.1% | 5.2% |
| Working from Home | 14.3% | 18.3% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 9,110 people are unemployed in Virginia Beach, Virginia.
The average commute time in Virginia Beach is 21 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Virginia Beach, Virginia has fallen from 5.2% to 3.6% in 2024. Over that period the rate peaked at 5.9% in 2013.
Virginia Beach, VA Wealth Compared With Nearby Cities
Virginia Beach, VA is the largest of the 5 cities compared here, 456,072 residents against a local median of 185,422. Virginia Beach, VA's median household income, at $93,171, runs 37% above the $68,042 typical of the cities around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.6% against a local median of 5.2%, 31% below it. Every measure here with a clear better direction points the same way, so Virginia Beach, VA is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread $35,301 on median household income, so Virginia Beach, VA sits at one end of an already wide local range rather than apart from it. Virginia Beach, VA has the 2nd highest median household income of the 5 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. |
|---|---|---|---|---|---|
| Virginia Beach, VA | 456,072 | $93,171 #2/5 | 4.0%/yr #4/5 | 3.6% #1/5 | 0.521 #1/5 |
| Norfolk, VA | 233,287 | $66,067 | 4.8%/yr | 4.7% | 0.528 |
| Chesapeake, VA | 252,549 | $95,849 | 4.0%/yr | 4.6% | 0.537 |
| Portsmouth, VA | 97,157 | $60,549 | 3.2%/yr | 6.0% | 0.529 |
| Hampton, VA | 137,557 | $70,017 | 4.4%/yr | 5.8% | 0.524 |
Conclusion
Considering all these factors, Virginia Beach, Virginia has an overall wealth index grade of B, making it somewhat better than Virginia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Virginia Beach, Virginia.
How Rich Is Virginia Beach, Virginia?
Virginia Beach has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $93,171, close to the Virginia average of $93,527.
How has median household income changed in Virginia Beach, Virginia?
Between 2009 and 2024, the median household income in Virginia Beach, Virginia rose 47%, from $63,344 to $93,171. Over the same years, income here lagged behind Virginia as a whole: +47% against +55%.
What was the median household income in Virginia Beach in 2023?
In 2023, the median household income in Virginia Beach, Virginia was $90,742, up 3% from $88,177 in 2022. The Virginia median that year was $91,420.
What was the median household income in Virginia Beach in 2020?
In 2020, the median household income in Virginia Beach, Virginia was $78,469. By 2024 it had risen 19% to $93,171.
What is the Gini coefficient in Virginia Beach, Virginia?
The Gini coefficient in Virginia Beach is 0.521. 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 Virginia Beach, Virginia?
Since 2009, the income gap between men and women in Virginia Beach, Virginia has narrowed from about 26% to 19% in 2024. Over that period the gap was narrowest at 16% in 2023. In dollar terms, the gap has widened by $1,174 since 2009.
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