Prince Edward County: Economy & Jobs
Prince Edward County's typical household earns $56,315 (about the same as Prince Edward County median $56,315; 1.7× below Virginia median $93,170), with homes at a median value of $216,600. The surrounding county supports 2,345 jobs (avg $43,201).
Income & Affordability
Median household income $56,315 — below the Virginia median ($92,968). Poverty rate 18.1% (U.S. average ~12.5%).
| Irs Income · IRS tax returns filed | $7,970 |
|---|---|
| Irs Income · Total Adjusted Gross Income (thousands) | $521,038 |
| Irs Income · Average AGI per return | $65,375 (vs Virginia $92,983) |
| Irs Income · Year | 2022 |
| Median Household Income | $56,315 (vs Virginia $92,968) |
| Poverty Rate | 18.1% |
Sources: IRS SOI 2022 — county FIPS · Census ACS 5-Year 2024 — county-level query · Refreshed 2026-04-29
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 2.4% — below the U.S. average of ~4%.
| Employment · Avg annual employment (county) | 2,345 |
|---|---|
| Employment · Total annual wages (county) | $101,307,496 |
| Employment · Average annual pay | $43,201 |
| Employment · Year | 2024 |
| Employment · Avg annual employment (county) | 8,733 |
| Employment · Total annual wages (county) | $425,891,095 |
| Employment · Average annual pay | $48,770 |
| Employment · Year | 2024 |
| State Occupation Wages · Year | 2023 |
| State Occupation Wages · All Occupations · Soc Code | 00-0000 |
| State Occupation Wages · All Occupations · Title | All Occupations |
| State Occupation Wages · All Occupations · Employment | 3,981,130 |
| Unemployment Rate | 2.4% (vs Virginia 2.9%) |
Sources: BLS QCEW (Quarterly Census of Employment and Wages) · BLS QCEW 2024 · BLS Occupational Employment and Wage Statistics (OES) · Refreshed 2026-05-03
Industry Sectors
Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.
| Agriculture · Total Farms | 323 |
|---|---|
| Agriculture · Land In Farms Acres | 202 |
| Agriculture · Avg Farm Size Acres | 60.0% |
| Agriculture · Top Commodities | Animal Totals, Poultry Totals, Crop Totals, Cattle, Field Crops, Other |
| Agriculture · Year | 2022 |
| Business Patterns · Establishments (employer count) | 512 |
| Business Patterns · Total Employees | 6,773 |
| Business Patterns · Annual Payroll Thousands | 268,922 |
| Business Patterns · Year | 2022 |
Sources: USDA NASS Census 2022 — FIPS matched · Census CBP API — county FIPS match
Local Business Mix
Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.
| Local Businesses · Convenience Stores | 5 |
|---|---|
| Local Businesses · Gas Stations | 14 |
| Local Businesses · General Merchandise | 7 |
| Local Businesses · Beauty Salons | 6 |
| Local Businesses · Auto Repair | 5 |
| Local Businesses · Real Estate Offices | 9 |
| Local Businesses · Commercial Banks | 10 |
| Local Businesses · Insurance Agencies | 10 |
Sources: Census CBP — NAICS detail codes
Dining Scene
Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.
| Dining Scene · Full Service Restaurants | 20 |
|---|---|
| Dining Scene · Fast Food | 14 |
| Dining Scene · Coffee Snacks | 3 |
Sources: Census CBP NAICS 722
Spending & Tax
Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).
| Federal Spending · Federal Spending Fy2024 | $144,101,047 |
|---|---|
| Federal Spending · Per Capita | 6,595.32 (vs Virginia $14,580) |
| Federal Spending · Population | 21,849 people (vs Virginia 42,214) |
Sources: USAspending API