Floyd County, Virginia

Income Data

-18% vs. Virginia average
$61,401
Median Household Income
$36,681
Per Capita Income

At a Glance

Median Household Income
$61,401
-18% vs. state avg
Per Capita Income
$36,681
-7% vs. national
Income-to-Housing Ratio
28.5%
income as % of home value
Rank in Virginia
#86 / 133
by median household income

How Floyd County Compares

Floyd County$61,401
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$61,401
Median Household Income
$36,681
Per Capita Income
$215,500
Median Home Value
28.5%
Income-to-Housing Ratio

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

What is the median household income in Floyd County, Virginia?
The median household income in Floyd County, Virginia is $61,401, 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 Floyd County?
The per capita income in Floyd County is $36,681, 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 $61,401.
How does Floyd County compare to the Virginia average?
Floyd County's median household income of $61,401 is lower than the Virginia state average of $74,957. The per capita income is $36,681, compared to the state average of $39,155.
What is the per capita income in Floyd County, Virginia?
The per capita income in Floyd County, Virginia is $36,681, 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.
Is Floyd County a low-income area in Virginia?
Floyd County's median household income of $61,401 is below the Virginia average of $74,957. The per capita income of $36,681 is also lower than the state average of $39,155. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Floyd County rank for income in Virginia?
Floyd County ranks #86 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $61,401 and per capita income of $36,681, it falls in the middle third of counties statewide.

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

-18%

vs. Floyd County MedianAbout equal
vs. Virginia Average18% below
vs. National Median18% below

Income Adequacy

Monthly income covers median rent6.2x

Your monthly income ($5,117) vs. median rent ($826/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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