Amherst County, Virginia
Income Data
At a Glance
How Amherst County Compares
Detailed Income Statistics
Data Story
About Household Income in Amherst County, Virginia
Amherst's incomes approach the national average
Amherst County's median household income of $67,298 runs about 10% below the national median of $74,755, placing the county slightly below the U.S. average. Households here earn roughly $7,457 less annually than the typical American family.
Slightly below Virginia's income mean
Amherst's median household income of $67,298 is about 10% below Virginia's state average of $74,957. The county's per capita income of $36,275 is close to the state average of $39,155, indicating fairly distributed earnings.
Amherst compares solidly to surrounding counties
Amherst's $67,298 median income is comparable to nearby rural Virginia counties and slightly above the lowest-earning Appalachian peers. This middle-tier position reflects a mix of agricultural, manufacturing, and service-sector employment.
Strong affordability for housing
Amherst's rent-to-income ratio of 15.0% is among the best in the state, indicating housing costs consume just 15% of median income. The median home value of $197,200 is highly accessible, making Amherst an affordable place to build home equity.
Capitalize on housing savings to invest wisely
Amherst's exceptional housing affordability frees up income for long-term investing and retirement savings. Consider setting up automatic transfers to an IRA or 401(k), exploring employer matches, and consulting a financial advisor about strategies that align with your timeline and goals.
Frequently Asked Questions
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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.