Floyd County, Virginia
Income Data
At a Glance
How Floyd County Compares
Detailed Income Statistics
Data Story
About Household Income in Floyd County, Virginia
Floyd earns below national average
Floyd County's median household income of $61,401 falls 18% short of the national median of $74,755. The county ranks below the national midpoint, reflecting its rural Appalachian character and limited access to high-wage employment centers.
Floyd ranks in lower third statewide
Floyd's median household income of $61,401 is 18% below Virginia's state average of $74,957, placing it among the lower-earning counties in the state. Per capita income of $36,681 trails the state average by 6%.
Floyd earns less than surrounding areas
Floyd County households earn $30,558 less annually than Fluvanna County ($91,959) and $27,202 less than Frederick County ($95,603). Despite its lower income profile, the county offers significantly lower housing costs, with homes valued at $215,500.
Rent consumes growing share of income
Floyd's rent-to-income ratio of 16.1% remains below the 30% affordability threshold, though it's trending upward relative to the county's moderate income levels. Rising housing costs could strain budgets without corresponding income growth.
Build savings despite modest income
Floyd residents earning $61,401 annually can prioritize emergency savings and employer retirement benefits to establish financial stability. Even small, consistent contributions to savings accounts and IRAs compound over time to build long-term security.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $61,401 per year
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vs. State Average
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vs. National Median
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Income Adequacy
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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.