Waynesboro city, Virginia
Income Data
At a Glance
How Waynesboro city Compares
Detailed Income Statistics
Data Story
About Household Income in Waynesboro city, Virginia
Waynesboro income significantly below average
Waynesboro's median household income of $56,364 trails the national median of $74,755 by $18,391—a 24.6% shortfall that ranks the city in the bottom 25% nationally. Limited industrial base and population loss have constrained local earning power.
Waynesboro struggles in Virginia comparison
At $56,364, Waynesboro's median household income falls 24.8% below Virginia's state average of $74,957, ranking it among the lowest-income localities in the analysis. The city has not kept pace with statewide economic growth trends.
Income disadvantages across comparisons
Waynesboro's $56,364 income trails Sussex County ($62,821) by $6,457 and falls far short of Surry County ($71,458). The gap widens dramatically against stronger performers like Warren County ($84,331) and Virginia Beach ($90,685).
Housing costs strain household budgets
Waynesboro's rent-to-income ratio of 20.7% is among the highest in the sample, indicating housing expenses consume a larger share of already-modest income. The median home value of $236,600 creates an affordability challenge for households earning $56,364.
Deliberate financial planning for Waynesboro
Waynesboro residents earning $56,364 must prioritize cash flow discipline: reducing unnecessary expenses, automating small savings deposits, and seeking skill-building opportunities for income advancement. Working with nonprofit financial counselors and exploring employer benefits (401(k) matching, HSA options) can help overcome income constraints.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $56,364 per year
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Your monthly income ($4,697) vs. median rent ($972/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.