Waynesboro, Virginia Income Statistics
Waynesboro 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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C
Waynesboro Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Waynesboro | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,068 | $93,527 | $80,455 |
| Median Personal Income | $46,795 | $68,139 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.3% | 4.8% |
| Six-Figure Earners | 6.0% | 18.3% | 13.9% |
| $200k+ Households | 4.5% | 17.7% | 13.2% |
The median household income in Waynesboro is about 36% lower than in Virginia. Income has been growing slower in Waynesboro (3.8%/yr) than in Virginia (4.3%/yr).
About 6% of adults in Waynesboro 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 Waynesboro, Virginia grew by 46.2% from 2009 to 2024, reaching $60,068 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Waynesboro
| Metric | Waynesboro | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.490 | 0.544 | 0.552 |
| Male Median Income | $52,760 | $78,585 | $69,667 |
| Female Median Income | $44,684 | $62,626 | $56,850 |
| Gender Pay Gap | 15.3% | 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 Waynesboro, it is 0.490, 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 18% more than women's income in Waynesboro, Virginia. Over a 35-year career, a 18% wage gap accumulates to roughly $282,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Waynesboro, Virginia has narrowed from about 21% to 15% in 2024. Over that period the gap was widest at 23% in 2019, and was narrowest at 9% in 2014. In dollar terms, the gap has widened by $341 since 2009.
Employment
| Metric | Waynesboro | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.1% | 5.2% |
| Working from Home | 10.3% | 18.3% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 588 people are unemployed in Waynesboro, Virginia.
The average commute time in Waynesboro is 18 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Waynesboro, Virginia has fallen from 9.8% to 5.1% in 2024. Over that period the rate fell as low as 3.8% in 2023.
Conclusion
Considering all these factors, Waynesboro, 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 Waynesboro, Virginia.
How Rich Is Waynesboro, Virginia?
Waynesboro 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 $60,068, about 36% lower than the Virginia average of $93,527.
How fast is household income rising in Waynesboro, Virginia?
Between 2009 and 2024, the median household income in Waynesboro, Virginia rose 46%, from $41,075 to $60,068. Over the same years, income here lagged behind Virginia as a whole: +46% against +55%.
What was the median household income in Waynesboro in 2023?
In 2023, the median household income in Waynesboro, Virginia was $57,012, up 8% from $52,841 in 2022. The Virginia median that year was $91,420.
What was the median household income in Waynesboro in 2020?
In 2020, the median household income in Waynesboro, Virginia was $43,651. By 2024 it had risen 38% to $60,068.
What is the Gini coefficient in Waynesboro, Virginia?
The Gini coefficient in Waynesboro is 0.490. 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 Waynesboro, Virginia?
Since 2009, the income gap between men and women in Waynesboro, Virginia has narrowed from about 21% to 15% in 2024. Over that period the gap was widest at 23% in 2019, and was narrowest at 9% in 2014. In dollar terms, the gap has widened by $341 since 2009.
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