IncomeBy County

Prince Edward County, Virginia

Income Data

U.S. Census Bureau ACS
-27% vs. Virginia average
$55,082
Median Household Income
$25,782
Per Capita Income

At a Glance

Median Household Income
$55,082
-27% vs. state avg
Per Capita Income
$25,782
-35% vs. national
Income-to-Housing Ratio
27.0%
income as % of home value
Rank in Virginia
#103 / 133
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Prince Edward County Compares

Prince Edward County$55,082
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$55,082
Median Household Income
$25,782
Per Capita Income
$203,700
Median Home Value
27.0%
Income-to-Housing Ratio

Income Advisory: Prince Edward County

Income Verdict

Prince Edward County has a median household income of $55,082 and per capita income of $25,782 — a gap of $29,300, suggesting a typical mix of dual-income and single-earner households.

Housing Affordability

With median gross rent at $898/month and a median household income of $55,082, rent consumes approximately 19.6% of monthly income — well within affordable thresholds.

Economic Context

With a median household income of $55,082, residents of Prince Edward County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $25,782 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.

Neighbor Context

Prince Edward County earns approximately 26.5% below the Virginia state median household income of $74,957.

Data Story

About Household Income in Prince Edward County, Virginia

Prince Edward trails national income levels

Prince Edward County's median household income of $55,082 falls 26% short of the U.S. median of $74,755, placing it among the nation's lower-income rural counties. The gap reflects limited economic opportunities and smaller employer base typical of Southside Virginia.

Among Virginia's lowest-income counties

Prince Edward's $55,082 median ranks in the bottom quartile of Virginia counties, trailing the state average of $74,957 by nearly $20,000. This gap mirrors broader rural Virginia economic challenges and limited wage growth opportunities.

Prince Edward faces regional income gap

Prince Edward ($55,082) earns significantly less than Prince George ($88,225) and Powhatan ($110,667), though slightly more than Radford ($52,791). The disparities highlight how proximity to urban centers and regional economic hubs shapes local earning potential.

Housing costs strain modest incomes

Prince Edward residents spend 19.6% of income on rent—a manageable level—but median home values of $203,700 require careful financial planning relative to $55,082 incomes. The ratio suggests homeownership requires substantial down payments or longer mortgage terms.

Even small investments compound over time

Prince Edward households earning $55,082 can direct $4,400–$8,200 annually (8–15% of income) to retirement and savings accounts despite tight budgets. Consistent investing through employer 401(k)s and Roth IRAs builds wealth momentum even on lower incomes.

Frequently Asked Questions

What is the median household income in Prince Edward County, Virginia?
The median household income in Prince Edward County, Virginia is $55,082, 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 Prince Edward County?
The per capita income in Prince Edward County is $25,782, 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 $55,082.
How does Prince Edward County compare to the Virginia average?
Prince Edward County's median household income of $55,082 is lower than the Virginia state average of $74,957. The per capita income is $25,782, compared to the state average of $39,155.
What is the per capita income in Prince Edward County, Virginia?
The per capita income in Prince Edward County, Virginia is $25,782, 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 Prince Edward County a low-income area in Virginia?
Prince Edward County's median household income of $55,082 is below the Virginia average of $74,957. The per capita income of $25,782 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 Prince Edward County rank for income in Virginia?
Prince Edward County ranks #103 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $55,082 and per capita income of $25,782, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Prince Edward County

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Your income is above the Prince Edward County median

County median: $55,082 per year

vs. County Median

+0%

vs. State Average

-27%

vs. National Median

-26%

vs. Prince Edward County MedianAbout equal
vs. Virginia Average▼ 27% below
vs. National Median▼ 26% below

Income Adequacy

Monthly income covers median rent5.1x

Your monthly income ($4,590) vs. median rent ($898/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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