Winchester city, Virginia
Income Data
At a Glance
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Detailed Income Statistics
Data Story
About Household Income in Winchester city, Virginia
Winchester lags the national income standard
Winchester's median household income of $64,648 falls about $10,100 short of the $74,755 national median. This 13.5% gap reflects the city's smaller regional economy compared to major metropolitan areas across the country.
Winchester ranks below state average
The city's $64,648 median household income sits roughly $10,300 below Virginia's state average of $74,957. Per capita income of $36,073 is also notably lower than the state's $39,155, indicating income disparity relative to Virginia's wealthier regions.
Mid-range earner in the Shenandoah region
Winchester at $64,648 exceeds Wise County ($50,740) and Wythe County ($55,359), but significantly trails York County's $108,326. As the Shenandoah Valley's commercial hub, Winchester's economy sits between rural southwestern Virginia and affluent Northern Virginia.
Rent takes a bigger bite here
At 24.1%, Winchester's rent-to-income ratio pushes closer to the 30% affordability ceiling, meaning housing costs absorb more of household budgets. The median home value of $325,900 remains accessible but requires substantial down payments relative to local earnings.
Strategic savings boost Winchester prosperity
With slightly tighter housing affordability, Winchester residents benefit from intentional budgeting and automated savings plans. Opening a high-yield savings account, exploring employer retirement matches, and reducing discretionary spending can accelerate wealth building despite modest median income.
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Your income is above the Winchester city median
County median: $64,648 per year
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vs. State Average
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vs. National Median
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Your monthly income ($5,387) vs. median rent ($1,298/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.