Winchester, Virginia Income Statistics
Winchester 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
Winchester Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Winchester | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,631 | $93,527 | $80,455 |
| Median Personal Income | $52,326 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.3% | 4.8% |
| Six-Figure Earners | 8.7% | 18.3% | 13.9% |
| $200k+ Households | 8.6% | 17.7% | 13.2% |
The median household income in Winchester is about 31% lower than in Virginia. Income has been growing slower in Winchester (4.1%/yr) than in Virginia (4.3%/yr).
About 9% of adults in Winchester 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 Winchester, Virginia grew by 44.5% from 2009 to 2024, reaching $64,631 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Winchester
| Metric | Winchester | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.544 | 0.552 |
| Male Median Income | $57,967 | $78,585 | $69,667 |
| Female Median Income | $52,057 | $62,626 | $56,850 |
| Gender Pay Gap | 10.2% | 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 Winchester, it is 0.542, about the same as Virginia's 0.544, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Winchester, Virginia. Over a 35-year career, a 11% wage gap accumulates to roughly $206,850 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Winchester, Virginia has narrowed from about 16% to 10% in 2024. Over that period the gap was widest at 20% in 2013, and was narrowest at 1% in 2018. In dollar terms, the gap has narrowed by $1,119 since 2009.
Employment
| Metric | Winchester | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 4.1% | 5.2% |
| Working from Home | 14.0% | 18.3% | 15.0% |
| Commute time (minutes) | 15 | 23 | 22 |
Approximately 927 people are unemployed in Winchester, Virginia.
The average commute time in Winchester is 15 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Winchester, Virginia has fallen from 8.7% to 6.4% in 2024. Over that period the rate fell as low as 3.2% in 2019.
Conclusion
Considering all these factors, Winchester, 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 Winchester, Virginia.
How Rich Is Winchester, Virginia?
Winchester 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 $64,631, about 31% lower than the Virginia average of $93,527.
How has median household income changed in Winchester, Virginia?
Between 2009 and 2024, the median household income in Winchester, Virginia rose 44%, from $44,728 to $64,631. Over the same years, income here lagged behind Virginia as a whole: +44% against +55%.
What was the median household income in Winchester in 2023?
In 2023, the median household income in Winchester, Virginia was $66,352, up 5% from $63,282 in 2022. The Virginia median that year was $91,420.
What was the median household income in Winchester in 2020?
In 2020, the median household income in Winchester, Virginia was $60,899. By 2024 it had risen 6% to $64,631.
Is it hard to find a job in Winchester, Virginia?
Unemployment in Winchester, Virginia is 6.4%, well above the Virginia rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Winchester, Virginia?
The Gini coefficient in Winchester is 0.542. 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 Winchester, Virginia?
Since 2009, the income gap between men and women in Winchester, Virginia has narrowed from about 16% to 10% in 2024. Over that period the gap was widest at 20% in 2013, and was narrowest at 1% in 2018. In dollar terms, the gap has narrowed by $1,119 since 2009.
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