Henrico County, Virginia
Income Data
At a Glance
How Henrico County Compares
Detailed Income Statistics
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
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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.