Petersburg city, Virginia

Income Data

-32% vs. Virginia average
$50,741
Median Household Income
$29,590
Per Capita Income

At a Glance

Median Household Income
$50,741
-32% vs. state avg
Per Capita Income
$29,590
-25% vs. national
Income-to-Housing Ratio
32.1%
income as % of home value
Rank in Virginia
#113 / 133
by median household income

How Petersburg city Compares

Petersburg city$50,741
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$50,741
Median Household Income
$29,590
Per Capita Income
$157,900
Median Home Value
32.1%
Income-to-Housing Ratio

Data Story

About Household Income in Petersburg city, Virginia

Petersburg struggles with income gap

Petersburg city's median household income of $50,741 falls roughly $24,000 short of the national median of $74,755, placing it in the bottom 20% nationally. This significant income deficit reflects years of economic disinvestment and limited job growth.

Virginia's lowest-income city

Petersburg's $50,741 median household income ranks 32% below Virginia's state average of $74,957, among the lowest in the state. The city's per capita income of $29,590 is also substantially below Virginia's average of $39,155.

Tied with Patrick, below regional peers

Petersburg's $50,741 is nearly identical to Patrick County ($50,938) but well below Nottoway ($62,161) and Page County ($59,396). Only Norton city ($38,497) falls further behind, making Petersburg one of Virginia's economically challenged jurisdictions.

Housing costs consume much income

Petersburg's 26.8% rent-to-income ratio is the highest among these counties, approaching the stress threshold of 30%, with a median home value of $157,900. This leaves households with tighter budgets after housing, making savings and emergencies more challenging.

Prioritize financial stability first

With higher housing cost burdens, Petersburg residents should focus first on building a modest emergency fund ($1,000–2,000) before investing. Seek out employer benefits, community financial counseling programs, and low-cost banking options to maximize every dollar.

Frequently Asked Questions

What is the median household income in Petersburg city, Virginia?
The median household income in Petersburg city, Virginia is $50,741, 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 Petersburg city?
The per capita income in Petersburg city is $29,590, 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 $50,741.
How does Petersburg city compare to the Virginia average?
Petersburg city's median household income of $50,741 is lower than the Virginia state average of $74,957. The per capita income is $29,590, compared to the state average of $39,155.
What is the per capita income in Petersburg city, Virginia?
The per capita income in Petersburg city, Virginia is $29,590, 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 Petersburg city a low-income area in Virginia?
Petersburg city's median household income of $50,741 is below the Virginia average of $74,957. The per capita income of $29,590 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 Petersburg city rank for income in Virginia?
Petersburg city ranks #113 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $50,741 and per capita income of $29,590, it falls in the bottom third of counties statewide.

Income Comparison Calculator

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County median: $50,741 per year

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vs. State Average

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vs. National Median

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vs. Petersburg city MedianAbout equal
vs. Virginia Average32% below
vs. National Median32% below

Income Adequacy

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Your monthly income ($4,228) vs. median rent ($1,132/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.