All Countries
Lake Caroline, VA
Full City Profile · Virginia · Hanover County County
4.3
/5.0
A
Great
2,708
Population
954/sq mi density
$88,222
Median Income
$37,872 per capita
$291,300
Home Value
$346,249 Zillow
$1,634
Median Rent
28.6% income on rent
56°F
Avg Temperature
305 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
4.6 / 5.0
$88,222 median income, 0.0% unemployment
A+
Affordability
4.8 / 5.0
$291,300 home value, $1,634/mo rent
B+
Education
3.5 / 5.0
31.6% bachelor's degree or higher
Income Overview
Median Household Income
$88,222
17% above
US avg: $75,149
Per Capita Income
$37,872
3% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
8.6%
31% below
US avg: 12.4%
Income Comparison: Lake Caroline vs. U.S. Average
Each bar shows Lake Caroline’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$88,222
117%
Per Capita
US: $39,052
$37,872
97%
IRS Avg AGI
US: $72,000
$103,253
143%
Avg Weekly Wage
US: $1,432
$1,072
75%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,072
25% below US avg ($1,432)
Mean Commute Time
51 min
84% above US avg (28 min)
Work From Home
1.7%
89% below US avg (15.2%)
Drive Alone
86.8%
19% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$9,225M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
86.8%
Public Transit
0%
Work From Home
1.7%
Other
11.5%
Average commute time
51 minutes
US avg: 28 min
Business Landscape
Total Establishments
4,310
Restaurants
237
Healthcare
308
Retail
365
Manufacturing
128
Tax & Financial
IRS Avg Adjusted Gross Income
$103,253
43% above US avg ($72,000)
Avg Property Tax
$3,963
13% above US avg ($3,500)
Cost of Living Index
101.1
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $88,222 |
| Per Capita Income | $37,872 |
| IRS Avg Adjusted Gross Income | $103,253 |
| Avg Weekly Wage | $1,072 |
| County GDP | $9,225M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 8.6% |
| Gini Coefficient | 0.419 |
| Cost of Living Index | 101.1 |
Commute
| Mean Commute | 51 minutes |
| Drive Alone | 86.8% |
| Public Transit | 0.0% |
| Work From Home | 1.7% |
Businesses
| Total Establishments | 4,310 |
| Restaurants | 237 |
| Healthcare | 308 |
| Retail | 365 |
| Manufacturing | 128 |
Tax
| IRS Avg AGI | $103,253 |
| Avg Property Tax | $3,963 |