Hanover County, Virginia

Income Data

+46% vs. Virginia average
$109,504
Median Household Income
$51,509
Per Capita Income

At a Glance

Median Household Income
$109,504
+46% vs. state avg
Per Capita Income
$51,509
+31% vs. national
Income-to-Housing Ratio
29.4%
income as % of home value
Rank in Virginia
#18 / 133
by median household income

How Hanover County Compares

Hanover County$109,504
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$109,504
Median Household Income
$51,509
Per Capita Income
$372,700
Median Home Value
29.4%
Income-to-Housing Ratio

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

What is the median household income in Hanover County, Virginia?
The median household income in Hanover County, Virginia is $109,504, 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 Hanover County?
The per capita income in Hanover County is $51,509, 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 $109,504.
How does Hanover County compare to the Virginia average?
Hanover County's median household income of $109,504 is higher than the Virginia state average of $74,957. The per capita income is $51,509, compared to the state average of $39,155.
What is the per capita income in Hanover County, Virginia?
The per capita income in Hanover County, Virginia is $51,509, 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 Hanover County income higher than the Virginia average?
Hanover County's median household income of $109,504 is higher than the Virginia average of $74,957. This difference of $34,547 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 Hanover County rank for income in Virginia?
Hanover County ranks #18 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $109,504 and per capita income of $51,509, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Hanover County

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Your income is above the Hanover County median

County median: $109,504 per year

vs. County Median

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vs. State Average

+46%

vs. National Median

+46%

vs. Hanover County MedianAbout equal
vs. Virginia Average46% above
vs. National Median46% above

Income Adequacy

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Your monthly income ($9,125) vs. median rent ($1,496/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.