Hopewell city, Virginia
Income Data
At a Glance
How Hopewell city Compares
Detailed Income Statistics
Data Story
About Household Income in Hopewell city, Virginia
Hopewell's income well below national median
Hopewell's median household income of $48,681 sits 35% below the national median of $74,755, marking the city among America's lower-income urban centers. The city's post-industrial economy reflects decline in manufacturing and limited recovery.
Hopewell significantly trails Virginia
Hopewell's $48,681 median household income falls $26,276 short of Virginia's $74,957 state average—a 35% gap. Per capita income of $26,626 lags the state average of $39,155 by 32%, among the lowest in the state.
Lowest-income city in regional comparison
Hopewell's $48,681 income ranks at the bottom among comparable Virginia localities, matching Henry County ($48,445) and significantly trailing Highland County ($62,946). The city faces economic headwinds from its post-industrial transition and limited wage recovery.
Housing costs challenge household budgets
Hopewell's rent-to-income ratio of 26.8% indicates significant housing affordability strain, approaching the 30% threshold that signals budget pressure. Median home values of $165,100 remain relatively modest but consume a larger share of limited household income.
Build resilience through disciplined savings
Hopewell residents should prioritize emergency funds and debt reduction given tighter budget margins, then gradually establish automated retirement contributions. Community resources and workforce development programs may offer pathways to higher-earning employment opportunities.
Frequently Asked Questions
What is the median household income in Hopewell city, Virginia?
How much do people earn in Hopewell city?
How does Hopewell city compare to the Virginia average?
What is the per capita income in Hopewell city, Virginia?
Is Hopewell city a low-income area in Virginia?
How does Hopewell city rank for income in Virginia?
Income Comparison Calculator
See how your household income compares in Hopewell city
Your income is above the Hopewell city median
County median: $48,681 per year
vs. County Median
+0%
vs. State Average
-35%
vs. National Median
-35%
Income Adequacy
Your monthly income ($4,057) vs. median rent ($1,085/mo). A ratio of 3.3x or higher means rent is under 30% of income.
Grow Your Wealth
See how your income stacks up in Hopewell city, Virginia? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.
Start InvestingCounties with Similar Income Levels
Compare Financial Products in Virginia
Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.
Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.