Staunton city, Virginia
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Staunton city Compares
Detailed Income Statistics
Income Advisory: Staunton city
Income Verdict
Staunton city has a median household income of $62,586 and per capita income of $35,941 — a gap of $26,645, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $993/month and a median household income of $62,586, rent consumes approximately 19.0% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $62,586, residents of Staunton city likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $35,941 is in line with national norms for individual earners.
Neighbor Context
Staunton city earns approximately 16.5% below the Virginia state median household income of $74,957.
Data Story
About Household Income in Staunton city, Virginia
Staunton trails national income by 16.3%
Staunton's median household income of $62,586 falls 16.3% below the U.S. median of $74,755, a substantial gap for a city-designated municipality. Households here earn approximately $12,169 less annually than the typical American family, reflecting mid-sized city economic realities.
Below Virginia average but maintaining presence
Staunton earns $12,371 less than Virginia's state median of $74,957, ranking below the state average despite its role as a Shenandoah Valley cultural hub. The $35,941 per capita income trails the state by $3,214, suggesting uneven wealth distribution within the city.
Competitive with Shenandoah Valley economies
Staunton's $62,586 income falls slightly below neighboring Shenandoah County's $64,437 but exceeds struggling southwestern counties like Scott ($45,136) and Smyth ($46,859). The city's position reflects its identity as a regional cultural and commercial center with modest but stable employment.
Housing affordability strained by higher ratio
Staunton's 19.0% rent-to-income ratio is the highest burden among these eight jurisdictions, suggesting housing costs consume more of household income here. A median home value of $239,300 remains achievable for Staunton households, though with less financial flexibility than surrounding counties.
Disciplined planning compensates for modest income
Staunton residents must employ careful budgeting to maximize wealth-building potential given higher housing cost ratios. Explore first-time homebuyer assistance, employer retirement matching programs, and community development financial institutions that support modest-income households in building long-term assets.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Staunton city median
County median: $62,586 per year
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($5,216) vs. median rent ($993/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.