Hopewell city, Virginia

Income Data

-35% vs. Virginia average
$48,681
Median Household Income
$26,626
Per Capita Income

At a Glance

Median Household Income
$48,681
-35% vs. state avg
Per Capita Income
$26,626
-33% vs. national
Income-to-Housing Ratio
29.5%
income as % of home value
Rank in Virginia
#119 / 133
by median household income

How Hopewell city Compares

Hopewell city$48,681
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$48,681
Median Household Income
$26,626
Per Capita Income
$165,100
Median Home Value
29.5%
Income-to-Housing Ratio

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?
The median household income in Hopewell city, Virginia is $48,681, 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 Hopewell city?
The per capita income in Hopewell city is $26,626, 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 $48,681.
How does Hopewell city compare to the Virginia average?
Hopewell city's median household income of $48,681 is lower than the Virginia state average of $74,957. The per capita income is $26,626, compared to the state average of $39,155.
What is the per capita income in Hopewell city, Virginia?
The per capita income in Hopewell city, Virginia is $26,626, 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.
Is Hopewell city a low-income area in Virginia?
Hopewell city's median household income of $48,681 is below the Virginia average of $74,957. The per capita income of $26,626 is also lower than the state average of $39,155. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Hopewell city rank for income in Virginia?
Hopewell city ranks #119 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $48,681 and per capita income of $26,626, it falls in the bottom third of counties statewide.

Income Comparison Calculator

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County median: $48,681 per year

vs. County Median

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vs. State Average

-35%

vs. National Median

-35%

vs. Hopewell city MedianAbout equal
vs. Virginia Average35% below
vs. National Median35% below

Income Adequacy

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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.

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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.