Martinsville city, Virginia
Income Data
At a Glance
How Martinsville city Compares
Detailed Income Statistics
Data Story
About Household Income in Martinsville city, Virginia
Martinsville faces significant income gap
Martinsville's median household income of $42,434 lags the national median of $74,755 by 43%, one of the lowest earnings levels in the nation. The city's economy struggles with manufacturing decline and lacks the diversification of larger metros.
Lowest earner among Virginia peers
At $42,434, Martinsville ranks near the very bottom of Virginia's 133 counties and cities, 43% below the state median of $74,957. The city's economic challenges place it among America's struggling post-industrial communities.
Poorest performer in this group
Martinsville ($42,434) significantly trails all seven other jurisdictions profiled here, including rural Lunenburg ($54,460) and Mecklenburg ($51,691). The city faces steeper economic headwinds than any peer community shown.
Housing affordable, but income tight
A 22.2% rent-to-income ratio is manageable given Martinsville's $92,500 median home value—the lowest in this group. While housing costs remain reasonable, the city's overall low income leaves little margin for other expenses.
Build resilience through small steps
Martinsville residents can build financial security by starting with even modest savings goals—$25 or $50 monthly in a dedicated account. Free financial literacy resources and employer-sponsored benefits (if available) provide pathways to gradual wealth accumulation and economic stability.
Frequently Asked Questions
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Your income is above the Martinsville city median
County median: $42,434 per year
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vs. State Average
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vs. National Median
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Your monthly income ($3,536) vs. median rent ($784/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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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.