Craig County, Virginia
Income Data
At a Glance
How Craig County Compares
Detailed Income Statistics
Data Story
About Household Income in Craig County, Virginia
Craig County lags national income levels
Craig County's median household income of $67,778 falls 9% below the national median of $74,755, representing a $6,977 disadvantage. The county's rural economy generates incomes below the U.S. benchmark.
Below-average earners in Virginia
Craig County's $67,778 median household income ranks below Virginia's state average of $74,957 by $7,179, placing it in the lower income tier statewide. Rural composition and limited employment diversity contribute to this gap.
Moderate income in rural context
Craig County's $67,778 median income exceeds Cumberland ($57,057) and Covington ($42,724) but trails Clarke ($114,185), Culpeper ($96,098), and Chesterfield ($98,910). Median home values of $210,500 reflect an affordable rural market.
Excellent housing affordability despite lower wages
Craig County's rent-to-income ratio of 12.9% is the second-lowest in Virginia, meaning residents dedicate minimal income to housing despite modest earnings. Median home values of $210,500 are highly accessible to the median household.
Maximize savings in affordable county
Craig County's per capita income of $34,122 and exceptionally low housing costs create opportunity to save and invest beyond survival expenses. Focus on maximizing retirement contributions, building emergency reserves, and exploring side income streams to accelerate wealth growth.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Craig County median
County median: $67,778 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 ($5,648) vs. median rent ($728/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.