Caroline County, Virginia

Income Data

+15% vs. Virginia average
$86,267
Median Household Income
$38,847
Per Capita Income

At a Glance

Median Household Income
$86,267
+15% vs. state avg
Per Capita Income
$38,847
-2% vs. national
Income-to-Housing Ratio
30.5%
income as % of home value
Rank in Virginia
#36 / 133
by median household income

How Caroline County Compares

Caroline County$86,267
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$86,267
Median Household Income
$38,847
Per Capita Income
$283,100
Median Home Value
30.5%
Income-to-Housing Ratio

Data Story

About Household Income in Caroline County, Virginia

Caroline County outearns the nation

Caroline County's median household income of $86,267 exceeds the national median of $74,755 by 15%. The county ranks among higher-income communities nationwide, driven by proximity to Richmond's employment and a strong commercial corridor.

Above Virginia's average, strong performer

At $86,267, Caroline County earns $11,000 more than Virginia's median of $74,957, placing it in the upper tier of the state's counties. The per capita income of $38,847 approaches the state average of $39,155, suggesting relatively even income distribution.

Regional income leader

Caroline County's $86,267 median significantly outpaces all neighboring counties: Buckingham ($59,199), Campbell ($62,608), and Charles City ($70,339). It ranks as the clear economic leader in this central Virginia cluster.

Higher costs offset strong incomes

Caroline County's rent-to-income ratio of 16.7% remains manageable, though the median home value of $283,100 reflects appreciation tied to its economic strength. Higher incomes effectively cover the higher property costs characteristic of growing suburban areas.

Maximize wealth-building opportunities now

Caroline County's above-average income positions households well for aggressive savings and investment. Maximize retirement contributions, diversify investments, and consider real estate or small business opportunities to continue building intergenerational wealth.

Frequently Asked Questions

What is the median household income in Caroline County, Virginia?
The median household income in Caroline County, Virginia is $86,267, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Caroline County?
The per capita income in Caroline County is $38,847, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $86,267.
How does Caroline County compare to the Virginia average?
Caroline County's median household income of $86,267 is higher than the Virginia state average of $74,957. The per capita income is $38,847, compared to the state average of $39,155.
What is the per capita income in Caroline County, Virginia?
The per capita income in Caroline County, Virginia is $38,847, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Caroline County income higher than the Virginia average?
Caroline County's median household income of $86,267 is higher than the Virginia average of $74,957. This difference of $11,310 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Caroline County rank for income in Virginia?
Caroline County ranks #36 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $86,267 and per capita income of $38,847, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Caroline County

$
1.00x

Your income is above the Caroline County median

County median: $86,267 per year

vs. County Median

+0%

vs. State Average

+15%

vs. National Median

+15%

vs. Caroline County MedianAbout equal
vs. Virginia Average15% above
vs. National Median15% above

Income Adequacy

Monthly income covers median rent6.0x

Your monthly income ($7,189) vs. median rent ($1,201/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Caroline County, Virginia? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Virginia

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.