Harrisonburg city, Virginia
Income Data
At a Glance
How Harrisonburg city Compares
Detailed Income Statistics
Data Story
About Household Income in Harrisonburg city, Virginia
Harrisonburg lags national income average
Harrisonburg's median household income of $59,752 sits 20% below the national median of $74,755, reflecting its economy anchored by education and service sectors. The city's income profile aligns more with emerging markets than established wealth centers.
Below Virginia's median income
Harrisonburg's $59,752 median household income falls short of Virginia's $74,957 state average by $15,205. The city's per capita income of $27,957 is 29% lower than the state's $39,155 average, typical of college-town economies.
Income gap with surrounding areas
Harrisonburg's $59,752 median trails Highland County ($62,946) and significantly lags Henrico County ($86,397) and Isle of Wight County ($96,118). As home to James Madison University, the city's income reflects a younger, education-focused population with lower earnings potential early in their careers.
Housing costs strain household budgets
A rent-to-income ratio of 22.5% indicates Harrisonburg households dedicate a notably higher share to housing than the 30% affordability threshold suggests is manageable. With median home values at $278,200, first-time homebuyers face tighter affordability pressures.
Start building wealth early in Harrisonburg
Young professionals in Harrisonburg should prioritize automated savings and employer 401(k) matches to build long-term wealth despite moderate current incomes. As careers advance, reinvesting raises and bonuses into diversified investments can close the wealth gap with higher-income regions.
Frequently Asked Questions
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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.