Hampton city, Virginia
Income Data
At a Glance
How Hampton city Compares
Detailed Income Statistics
Data Story
About Household Income in Hampton city, Virginia
Hampton near national income average
Hampton's median household income of $67,758 sits 9% below the national median of $74,755, placing it slightly below the American average. Per capita income of $36,787 trails national norms modestly, reflecting middle-class earning capacity. Hampton represents typical American earning power.
Modest performer within Virginia
Hampton's median household income of $67,758 underperforms Virginia's state average of $74,957 by about $7,200, positioning it slightly below the state median. Per capita income of $36,787 falls short of Virginia's $39,155 average, indicating slightly below-average earning potential. Hampton ranks below the middle of Virginia's communities.
Mid-range income among regional counties
Hampton's $67,758 median income falls between the poorer rural counties (Grayson, Halifax) and the affluent suburban peers (Goochland, Gloucester, Greene). As an urban center, Hampton's income profile reflects diverse workforce and employment base. The city represents solid working and middle-class community stability.
Housing costs press significantly higher
Hampton's rent-to-income ratio of 23.8% is notably elevated, meaning nearly one-quarter of household income goes to housing—dangerously close to unaffordable territory. Median home value of $234,100 strains budgets for average earners, particularly for renters and first-time homebuyers. Housing is a major financial challenge for many Hampton households.
Build stability with modest income
Hampton residents should balance establishing emergency savings with gradual retirement contributions, as housing costs consume significant income share. Utilize employer 401(k) matches fully, even with small contributions, to build long-term wealth. Consider first-time homebuyer programs to build equity despite income constraints.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Hampton city median
County median: $67,758 per year
vs. County Median
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vs. State Average
-10%
vs. National Median
-9%
Income Adequacy
Your monthly income ($5,647) vs. median rent ($1,346/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.