Income

These Are the Richest Counties in Virginia

Lynchburg, Virginia, USA cityscape at Monument Terrace.
Sean Pavone / Shutterstock.com

No economy has generated as much wealth for as many people as that of the United States. According to the 2023 Global Wealth Report from the Swiss investment bank UBS, most adults worldwide have less than $10,000 in total wealth. Meanwhile, the typical American adult is worth nearly $108,000. The same report found that the U.S. is home to 38% of the world’s millionaires, many times more than any other country — and incomes in the U.S. are currently rising at a historic pace.

The latest data from the U.S. Census Bureau’s American Community Survey shows that the typical American household earned nearly $75,000 in 2022, up from about $69,700 in 2021. The 7.2% increase was the largest recorded year-over-year since at least the mid-1990s.

In Virginia, a state home to 24 Fortune 500 companies, the typical household earns $87,249 annually. And in some parts of the state, household incomes exceed that amount by tens of thousands of dollars.

Using five-year estimates from the U.S. Census Bureau’s 2022 American Community Survey, 24/7 Wall St. identified the 33 richest counties and county equivalents in Virginia. Counties and independent cities in the state are ranked on median household income. Supplemental data on population, unemployment, and median home values are also five-year estimates from the 2022 ACS.

Among the places on this list, median household incomes are as high as $83,200 above what the typical Virginia household earns. In many of these counties and independent cities, high incomes are underpinned by a strong job market. According to the ACS, the five-year average jobless rate in all but nine of Virginia’ richest counties and county equivalents is below the 4.3% statewide average.

Home values are often a reflection of what residents can afford, and high incomes in these places are often evidenced by the local real estate markets. In most counties and independent cities on this list, the typical home is worth more than the $339,800 median home value across the state.

These are the richest counties in Virginia.

33. Orange County

Public Domain / Wikimedia Commons
  • Median household income: $87,309
  • Median home value: $316,000
  • 5-yr. avg. unemployment rate: 4.4%
  • Population: 36,593

32. Virginia Beach (independent city)

  • Median household income: $87,544
  • Median home value: $343,700
  • 5-yr. avg. unemployment rate: 3.9%
  • Population: 457,900

31. Suffolk (independent city)

tmersh / Getty Images
  • Median household income: $87,758
  • Median home value: $314,400
  • 5-yr. avg. unemployment rate: 6.0%
  • Population: 94,856

30. Fluvanna County

Public Domain / Wikimedia Commons
  • Median household income: $90,766
  • Median home value: $270,900
  • 5-yr. avg. unemployment rate: 3.0%
  • Population: 27,442

29. Manassas Park (independent city)

By Billy Hathorn - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=16000300
  • Median household income: $91,673
  • Median home value: $370,700
  • 5-yr. avg. unemployment rate: 3.2%
  • Population: 17,123

28. Isle of Wight County

Public Domain / Wikimedia Commons
  • Median household income: $91,680
  • Median home value: $327,600
  • 5-yr. avg. unemployment rate: 5.3%
  • Population: 38,898

27. Culpeper County

Doug Kerr / Wikimedia Commons
  • Median household income: $92,359
  • Median home value: $369,600
  • 5-yr. avg. unemployment rate: 3.9%
  • Population: 52,822

26. Frederick County

  • Median household income: $92,443
  • Median home value: $333,600
  • 5-yr. avg. unemployment rate: 4.1%
  • Population: 92,007

25. Chesapeake (independent city)

  • Median household income: $92,703
  • Median home value: $339,500
  • 5-yr. avg. unemployment rate: 4.7%
  • Population: 249,377

24. Lexington (independent city)

traveler1116 / iStock Unreleased via Getty Images
  • Median household income: $93,651
  • Median home value: $224,700
  • 5-yr. avg. unemployment rate: 2.5%
  • Population: 7,346

23. Chesterfield County

  • Median household income: $95,757
  • Median home value: $306,500
  • 5-yr. avg. unemployment rate: 4.7%
  • Population: 366,019

22. Albemarle County

krblokhin / iStock via Getty Images
  • Median household income: $97,708
  • Median home value: $450,200
  • 5-yr. avg. unemployment rate: 3.1%
  • Population: 112,513

21. Rappahannock County

krblokhin / iStock Editorial via Getty Images
  • Median household income: $98,663
  • Median home value: $509,500
  • 5-yr. avg. unemployment rate: 6.5%
  • Population: 7,422

20. James City County

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  • Median household income: $100,711
  • Median home value: $396,800
  • 5-yr. avg. unemployment rate: 3.6%
  • Population: 78,818

19. King George County

  • Median household income: $103,264
  • Median home value: $372,300
  • 5-yr. avg. unemployment rate: 2.5%
  • Population: 26,985

18. Hanover County

JillLang / iStock via Getty Images
  • Median household income: $104,678
  • Median home value: $347,900
  • 5-yr. avg. unemployment rate: 2.9%
  • Population: 110,513

17. Spotsylvania County

CynthiaAnnF / iStock via Getty Images
  • Median household income: $105,068
  • Median home value: $349,900
  • 5-yr. avg. unemployment rate: 5.6%
  • Population: 141,097

16. York County

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  • Median household income: $105,154
  • Median home value: $387,200
  • 5-yr. avg. unemployment rate: 3.7%
  • Population: 70,238

15. Goochland County

Public Domain / Wikimedia Commons
  • Median household income: $105,600
  • Median home value: $433,600
  • 5-yr. avg. unemployment rate: 2.4%
  • Population: 24,906

14. Clarke County

JERRYE & ROY KLOTZ, M.D. / Wikimedia Commons
  • Median household income: $107,475
  • Median home value: $496,600
  • 5-yr. avg. unemployment rate: 3.5%
  • Population: 14,882

13. Powhatan County

Jmabran / Wikimedia Commons
  • Median household income: $108,089
  • Median home value: $356,500
  • 5-yr. avg. unemployment rate: 2.6%
  • Population: 30,503

12. Manassas (independent city)

Justin Smith / iStock via Getty Images
  • Median household income: $110,559
  • Median home value: $393,900
  • 5-yr. avg. unemployment rate: 3.3%
  • Population: 42,620

11. New Kent County

  • Median household income: $113,120
  • Median home value: $354,200
  • 5-yr. avg. unemployment rate: 3.0%
  • Population: 23,296

10. Alexandria (independent city)

  • Median household income: $113,179
  • Median home value: $655,700
  • 5-yr. avg. unemployment rate: 3.1%
  • Population: 157,594

9. Poquoson County

  • Median household income: $114,503
  • Median home value: $406,700
  • 5-yr. avg. unemployment rate: 1.4%
  • Population: 12,479

8. Fauquier County

cindygoff / iStock via Getty Images
  • Median household income: $122,785
  • Median home value: $501,200
  • 5-yr. avg. unemployment rate: 2.3%
  • Population: 73,290

7. Prince William County

DavidByronKeener / iStock via Getty Images
  • Median household income: $123,193
  • Median home value: $472,000
  • 5-yr. avg. unemployment rate: 4.6%
  • Population: 481,114

6. Stafford County

  • Median household income: $128,036
  • Median home value: $431,900
  • 5-yr. avg. unemployment rate: 3.7%
  • Population: 157,606

5. Fairfax (independent city)

  • Median household income: $128,708
  • Median home value: $649,600
  • 5-yr. avg. unemployment rate: 3.7%
  • Population: 24,242

4. Arlington County

SeanPavonePhoto / iStock via Getty Images
  • Median household income: $137,387
  • Median home value: $833,300
  • 5-yr. avg. unemployment rate: 2.7%
  • Population: 235,845

3. Fairfax County

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  • Median household income: $145,165
  • Median home value: $666,900
  • 5-yr. avg. unemployment rate: 4.0%
  • Population: 1,145,354

2. Falls Church (independent city)

krblokhin / iStock Editorial via Getty Images
  • Median household income: $164,536
  • Median home value: $938,500
  • 5-yr. avg. unemployment rate: 5.9%
  • Population: 14,576

1. Loudoun County

cindygoff / iStock via Getty Images
  • Median household income: $170,463
  • Median home value: $657,000
  • 5-yr. avg. unemployment rate: 3.2%
  • Population: 420,773
Rank County or independent city Median household income ($) Median home value ($) Unemployment rate (%)
1 Loudoun, Virginia 170,463 657,000 3.2
2 Falls Church, Virginia 164,536 938,500 5.9
3 Fairfax, Virginia 145,165 666,900 4.0
4 Arlington, Virginia 137,387 833,300 2.7
5 Fairfax, Virginia 128,708 649,600 3.7
6 Stafford, Virginia 128,036 431,900 3.7
7 Prince William, Virginia 123,193 472,000 4.6
8 Fauquier, Virginia 122,785 501,200 2.3
9 Poquoson, Virginia 114,503 406,700 1.4
10 Alexandria, Virginia 113,179 655,700 3.1
11 New Kent, Virginia 113,120 354,200 3.0
12 Manassas, Virginia 110,559 393,900 3.3
13 Powhatan, Virginia 108,089 356,500 2.6
14 Clarke, Virginia 107,475 496,600 3.5
15 Goochland, Virginia 105,600 433,600 2.4
16 York, Virginia 105,154 387,200 3.7
17 Spotsylvania, Virginia 105,068 349,900 5.6
18 Hanover, Virginia 104,678 347,900 2.9
19 King George, Virginia 103,264 372,300 2.5
20 James City, Virginia 100,711 396,800 3.6
21 Rappahannock, Virginia 98,663 509,500 6.5
22 Albemarle, Virginia 97,708 450,200 3.1
23 Chesterfield, Virginia 95,757 306,500 4.7
24 Lexington, Virginia 93,651 224,700 2.5
25 Chesapeake, Virginia 92,703 339,500 4.7
26 Frederick, Virginia 92,443 333,600 4.1
27 Culpeper, Virginia 92,359 369,600 3.9
28 Isle of Wight, Virginia 91,680 327,600 5.3
29 Manassas Park, Virginia 91,673 370,700 3.2
30 Fluvanna, Virginia 90,766 270,900 3.0
31 Suffolk, Virginia 87,758 314,400 6.0
32 Virginia Beach, Virginia 87,544 343,700 3.9
33 Orange, Virginia 87,309 316,000 4.4

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