Henrico County, Virginia

Income Data

+15% vs. Virginia average
$86,397
Median Household Income
$50,277
Per Capita Income

At a Glance

Median Household Income
$86,397
+15% vs. state avg
Per Capita Income
$50,277
+27% vs. national
Income-to-Housing Ratio
25.9%
income as % of home value
Rank in Virginia
#35 / 133
by median household income

How Henrico County Compares

Henrico County$86,397
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$86,397
Median Household Income
$50,277
Per Capita Income
$333,600
Median Home Value
25.9%
Income-to-Housing Ratio

Data Story

About Household Income in Henrico County, Virginia

Henrico's strong income above national average

Henrico County's median household income of $86,397 exceeds the national median of $74,755 by 16%, positioning the county in America's upper-income tier. The county's proximity to Richmond's diverse economy drives this above-average earnings power.

Henrico outperforms Virginia average

At $86,397, Henrico's median household income runs $11,440 above Virginia's state average of $74,957. The county's per capita income of $50,277 also exceeds the state average of $39,155 by 28%.

Mid-tier earner among Virginia's wealthy

Henrico's $86,397 median income ranks below Hanover County ($109,504) and James City County ($107,046), but surpasses Isle of Wight County ($96,118) and significantly outdistances Henry County ($48,445). The county represents a balanced mix of suburban and urban economic opportunity.

Housing costs manageable for most

Henrico's rent-to-income ratio of 20.5% indicates moderate housing affordability pressures, though still within reasonable bounds for the median household. Median home values of $333,600 remain accessible for dual-income households earning above the county median.

Leverage Henrico's solid income foundation

Henrico households earning $86,000+ have capacity to invest 10-15% of gross income into retirement and brokerage accounts for long-term wealth building. Consider homeownership equity growth and tax-advantaged investment vehicles to accelerate wealth accumulation.

Frequently Asked Questions

What is the median household income in Henrico County, Virginia?
The median household income in Henrico County, Virginia is $86,397, 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 Henrico County?
The per capita income in Henrico County is $50,277, 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 $86,397.
How does Henrico County compare to the Virginia average?
Henrico County's median household income of $86,397 is higher than the Virginia state average of $74,957. The per capita income is $50,277, compared to the state average of $39,155.
What is the per capita income in Henrico County, Virginia?
The per capita income in Henrico County, Virginia is $50,277, 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 Henrico County income higher than the Virginia average?
Henrico County's median household income of $86,397 is higher than the Virginia average of $74,957. This difference of $11,440 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 Henrico County rank for income in Virginia?
Henrico County ranks #35 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $86,397 and per capita income of $50,277, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Henrico County

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County median: $86,397 per year

vs. County Median

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vs. State Average

+15%

vs. National Median

+16%

vs. Henrico County MedianAbout equal
vs. Virginia Average15% above
vs. National Median16% above

Income Adequacy

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Your monthly income ($7,200) vs. median rent ($1,474/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.