Albemarle County, Virginia
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Albemarle County Compares
Detailed Income Statistics
Income Advisory: Albemarle County
Income Verdict
Albemarle County has a median household income of $102,617 and per capita income of $57,490 — a gap of $45,127, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $1,623/month and a median household income of $102,617, rent consumes approximately 19.0% of monthly income — well within affordable thresholds.
Economic Context
The median household income of $102,617 places Albemarle County in a high-earning tier, supporting strong purchasing power and above-average consumer spending. Per capita income of $57,490 reflects a relatively affluent population with substantial individual earning capacity.
Neighbor Context
Albemarle County earns approximately 36.9% above the Virginia state median household income of $74,957, positioning it favorably within the state.
Data Story
About Household Income in Albemarle County, Virginia
Albemarle's incomes rank well nationally
Albemarle County's median household income of $102,617 exceeds the national median of $74,755 by about 37%, placing it in the upper-income tier across the United States. Households here earn roughly $27,862 more annually than the typical American family.
Top earners in Virginia
Albemarle ranks among Virginia's highest-income counties, with median household income 37% above the state average of $74,957. The county's per capita income of $57,490 is 47% higher than Virginia's state average of $39,155.
Albemarle leads the central Virginia income race
Albemarle's $102,617 median income significantly outpaces neighboring central Virginia counties like Amherst ($67,298) and Amelia ($66,339). This income advantage reflects the county's stronger employment base and proximity to the University of Virginia's economic influence.
Strong income supports rising housing costs
Albemarle's rent-to-income ratio of 19.0% indicates housing is comfortably affordable at current income levels. With a median home value of $471,000, the county's higher prices are offset by substantially higher household earnings.
Leverage higher income for long-term wealth building
Albemarle households are positioned to maximize retirement contributions, diversify investments, and build significant wealth. Working with a financial advisor on tax-efficient strategies—such as 529 college savings plans or taxable investment accounts—can help multiply your income advantage over decades.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Albemarle County median
County median: $102,617 per year
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($8,551) vs. median rent ($1,623/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.