Penhook, VA Employment - Median Household Income, Unemployment Rate

Penhook employment information

Index	Penhook	Virginia	National
Income per capita	$41,407	$34,967	$29,829
Median household income	$72,083	$66,149	$55,322
Median income owner occupied	$80,278	$82,180	$70,586
Median income renter occupied	$0	$42,481	$35,192
Median earnings male	$56,250	$41,712	$36,919
Median earnings female	$50,727	$29,664	$26,250
Unemployment rate	1.4%	3.8%	4.7%
Poverty level	16.9%	11.4%	15.1%

The Penhook, VA employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Penhook is $41,407, which is 18% higher than than the Virginia average and 39% higher than than the national average. The median household income is $72,083, which is 9% higher than than the Virginia average and 30% higher than than the national average. The unemployment rate in Penhook is 1%, which is 70% lower than than the national average. The poverty rate in Penhook is 17% which is 12% higher than than the national average.

am i middle class

$48,050$72,083$144,166

City

$44,094$66,149$132,298

State

$36,877$55,322$110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

The income per capita in Penhook is 39% higher than the national average.
The median household income in Penhook is 30% higher than the national average.
Male median earnings are 41% higher than female median earnings.
The unemployment rate in Penhook is 70% lower than the national average.
The poverty level in Penhook is 12% higher than the national average.

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Compare Penhook, VA Employment To Other Cities

Employment status

Hours worked per week

Penhook median earnings by income bracket

Penhook employment by industry

Labour Type	Male	Female
Construction industry	22.5%	0.0%
Manufacturing sector	0.0%	0.0%
Financial & insurance services	8.0%	0.0%
Wholesale & retail services	9.4%	14.0%
Public administration	8.7%	0.0%
Transportation, warehousing & utilities	28.3%	0.0%
Education, health & social services	0.0%	65.1%
Other	23.2%	15.5%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Westlake Corner, VA	1,075	$77,115	39%
North Shore, VA	3,070	$71,739	30%
Union Hall, VA	1,281	$64,602	17%
Chatham, VA	1,197	$44,167	20%
Henry Fork, VA	1,457	$31,898	42%
Penhook, VA	732	$72,083	30%

Cities with similar population

City, State	Population	Household Income	National Avg.
Maypearl, TX	732	$63,466	15%
Lockesburg, AR	732	$27,500	50%
Misenheimer, NC	732	$27,500	50%
Napi Headquarters, NM	732	$27,500	50%
Puryear, TN	732	$37,917	31%
Penhook, VA	732	$72,083	30%

Source: The Penhook, VA employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).