Hanover County, Virginia
Income Data
At a Glance
How Hanover County Compares
Detailed Income Statistics
Data Story
About Household Income in Hanover County, Virginia
Hanover's income outpaces the nation
Hanover County's median household income of $109,504 towers 46% above the national median of $74,755. This places Hanover among the wealthiest counties in America, reflecting its proximity to Richmond's prosperous suburbs and established professional workforce.
Top earners in Virginia
Hanover ranks among Virginia's highest-income counties, significantly exceeding the state median of $74,957 by $34,547. The county's per capita income of $51,509 also runs 31% higher than Virginia's state average of $39,155.
Outearning surrounding counties
Hanover's $109,504 median household income beats nearby Henrico County ($86,397) and James City County ($107,046), making it a premier destination for high-earning households. The county's prosperity reflects its blend of suburban communities, corporate headquarters, and educated workforce.
Strong income supports local costs
A rent-to-income ratio of 16.4% shows Hanover households spend a manageable share of income on housing, well below the 30% threshold for affordability. With median home values at $372,700 and strong household incomes, residents have solid purchasing power for homeownership.
Build on Hanover's prosperity
With median household incomes exceeding $109,000, Hanover residents are positioned to invest beyond basic expenses—consider diversifying into retirement accounts, real estate, and market investments. Working with a financial advisor can help maximize wealth-building strategies suited to the county's affluent demographic.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $109,504 per year
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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.