Goochland County, Virginia

Income Data

+58% vs. Virginia average
$118,695
Median Household Income
$68,258
Per Capita Income

At a Glance

Median Household Income
$118,695
+58% vs. state avg
Per Capita Income
$68,258
+73% vs. national
Income-to-Housing Ratio
24.5%
income as % of home value
Rank in Virginia
#11 / 133
by median household income

How Goochland County Compares

Goochland County$118,695
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$118,695
Median Household Income
$68,258
Per Capita Income
$483,700
Median Home Value
24.5%
Income-to-Housing Ratio

Data Story

About Household Income in Goochland County, Virginia

Goochland ranks among nation's wealthiest

Goochland County's median household income of $118,695 is 59% above the national median of $74,755, placing it squarely in the nation's top income tier. Per capita income of $68,258 is exceptionally high, indicating substantial earning potential across the community. Goochland ranks among the most affluent counties in America.

Virginia's wealthiest county stands apart

Goochland County's median household income of $118,695 towers over Virginia's state average of $74,957 by a stunning $43,738—nearly 58% higher. Per capita income of $68,258 dwarfs the state average of $39,155, reflecting an exceptionally wealthy community. Goochland is unmistakably the state's premier income performer.

Dramatically outpaces every nearby county

Goochland's $118,695 median income exceeds neighboring Gloucester County ($83,689) by $35,000 and Greene County ($85,268) by $33,000, creating a stark wealth gap. Compared to struggling rural neighbors, the differential is even more dramatic: Grayson County's $42,864 is less than 36% of Goochland's income. Goochland is fundamentally wealthier than all surrounding counties.

High incomes support premium housing

Despite a rent-to-income ratio of 15.8%, Goochland's median home value of $483,700 reflects a truly affluent housing market accessible primarily to top earners. The high absolute incomes make even expensive housing manageable relative to earnings. This is a community of significant wealth concentration.

Optimize wealth with sophisticated strategies

Goochland's highest earners should prioritize comprehensive tax strategies, including maxing retirement contributions, charitable giving, and investment diversification. With six-figure household incomes, there's substantial capacity for real estate investment, private equity, and alternative assets. Consulting a fee-only financial advisor is prudent at this income level to structure wealth efficiently.

Frequently Asked Questions

What is the median household income in Goochland County, Virginia?
The median household income in Goochland County, Virginia is $118,695, 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 Goochland County?
The per capita income in Goochland County is $68,258, 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 $118,695.
How does Goochland County compare to the Virginia average?
Goochland County's median household income of $118,695 is higher than the Virginia state average of $74,957. The per capita income is $68,258, compared to the state average of $39,155.
What is the per capita income in Goochland County, Virginia?
The per capita income in Goochland County, Virginia is $68,258, 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 Goochland County income higher than the Virginia average?
Goochland County's median household income of $118,695 is higher than the Virginia average of $74,957. This difference of $43,738 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 Goochland County rank for income in Virginia?
Goochland County ranks #11 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $118,695 and per capita income of $68,258, it falls in the top third of counties statewide.

Income Comparison Calculator

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County median: $118,695 per year

vs. County Median

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vs. State Average

+58%

vs. National Median

+59%

vs. Goochland County MedianAbout equal
vs. Virginia Average58% above
vs. National Median59% above

Income Adequacy

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Your monthly income ($9,891) vs. median rent ($1,567/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.