All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Gender
In Fauquier County, the population consists of 35,953 males (49.65%) and 36,463 females (50.35%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fauquier County, the median income for all workers aged 15 years and older, regardless of work hours, was $66,834 for males and $39,235 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,807 for males and $60,414 for females.
- In Fauquier County, the median income for all workers aged 15 years and older, regardless of work hours, was $66,834 for males and $39,235 for females.
- In Fauquier County, among full-time, year-round workers aged 15 years and older, males earned a median income of $90,807, while females earned $60,414, leading to a 33% gender pay gap among full-time workers. This illustrates that women earn 67 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Fauquier County, the population is predominantly White, constituting 84.26% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $134,872.
- In Fauquier County, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $231,171. This reveals that, while Whites may be the most numerous in Fauquier County, Asian households experience greater economic prosperity in terms of median household income.
- In Fauquier County, the median household income for the households where the householder is White increased by $23,348(20.94%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $111,524 in 2012 and $134,872 in 2022.
- In Fauquier County, the median household income for the households where the householder is Black or African American increased by $76,539(187.66%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $40,787 in 2012 and $117,326 in 2022.
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Year by year
Fauquier County, VA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fauquier County increased by $7,205 (6.37%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 4,012 (from $115,721 to $119,733). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 2,045 (from $113,590 to $111,545).
- It then further increased to $122,821 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4022, it is evident that income distribution in Fauquier County, VA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $144,593. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $60,845.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)