Wealth Index
Wealthier than 91% of counties in Virginia
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | York County | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,129 | $91,409 | $78,145 |
| Median Personal Income | $73,677 | $68,517 | $61,726 |
| Average income growth | 4.1% | 4.6% | 5.1% |
| Six-Figure Earners | 19.6% | 17.6% | 13.2% |
The median household income in York County is about 22% higher than in Virginia. Income has been growing slower in York County (4.1%/yr) than in Virginia (4.6%/yr).
About 20% of adults in York County earn six figures ($100,000 or more) a year, higher than the Virginia average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in York County, Virginia grew by 41.6% from 2009 to 2023, reaching $111,129 in 2023. That's an average of about 4.1% per year.
Economic Inequality in York County | Gender Pay Gap | Gini Coefficient
| Metric | York County | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.565 | 0.570 |
| Male Median Income | $83,149 | $76,014 | $67,746 |
| Female Median Income | $61,888 | $60,748 | $54,793 |
| Gender Pay Gap | 25.6% | 20.1% | 19.1% |
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 York County, it is 0.552, lower than Virginia's 0.565, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 34% more than women's income in York County, Virginia. Over a 35-year career, a 34% wage gap accumulates to roughly $744,135 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in York County, Virginia has narrowed from about 34% to 26% in 2023. In dollar terms, the gap has narrowed by $147 since 2009.
Employment
| Metric | York County | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.2% | 5.2% |
| Working from Home | 12.8% | 16.2% | 13.4% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 1,423 people are unemployed in York County, Virginia.
The average commute time in York County is 20 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in York County, Virginia has fallen from 4.0% to 3.8% in 2023.
Conclusion
Considering all these factors, York County, 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 York County, Virginia.
How Rich Is York County, Virginia?
York County 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 $111,129, about 22% higher than the Virginia average of $91,409.
What is the current median household income in York County, Virginia?
As of 2023, the median household income in York County, Virginia is $111,129.
What was the median household income in York County in 2023?
In 2023, the median household income in York County, Virginia was $111,129.
What was the median household income in York County in 2020?
In 2020, the median household income in York County, Virginia was $93,198.
What is the Gini coefficient in York County, Virginia?
The Gini coefficient in York County is 0.552. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in York County, Virginia?
Since 2009, the income gap between men and women in York County, Virginia has narrowed from about 34% to 26% in 2023. In dollar terms, the gap has narrowed by $147 since 2009.