Hampden-Sydney: Economy & Jobs
Median household income in Hampden-Sydney is $154,565 (2.7× higher than Prince Edward County median $56,315; 1.7× higher than Virginia median $93,170), with homes at a median value of $-666,666,666. The surrounding county supports 8,733 jobs (avg $48,770).
- $65,375 avg taxable income per return — lower than the median household income (vs Virginia $92,983).
Income & Affordability
Median household income $154,565 — above the Virginia median ($92,968).
| Affordability · Poverty Rate | 18.1% |
|---|---|
| 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 |
| Income Estimate | $169,612 |
| Median Household Income | $154,565 (vs Virginia $92,968) |
Sources: IRS SOI 2022 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Economic Character
Qualitative classification derived from Census occupation, industry, and income data — workforce composition (white-collar/blue-collar), top employing sector, and income tier.
| Economic Character · Workforce | mixed |
|---|---|
| Economic Character · Top Industry | Arts Food |
| Economic Character · Income Level | affluent |
| Economic Character · Median Income | $154,565 |
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 0.9% — below the U.S. average of ~4%. 24% work from home (U.S. average ~15%).
| Commuter Profile · Work From Home Pct | 23.8% |
|---|---|
| Commuter Profile · Primary Mode | drove alone |
| 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 | 0.9% (vs Virginia 2.9%) |
Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023 · Refreshed 2026-04-12
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 — county 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
Banking
FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.
Branches (7)
Chamber of Commerce
IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.
| Chamber Of Commerce · Name | BEDFORD AREA CHAMBER OF COMMERCE FOUNDATION INC |
|---|
Sources: IRS EO BMF · Refreshed 2026-04-12
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
Other
| Pct Drove Alone | 51.5% |
|---|---|
| Pct Public Transit | 17.7% |
| Pct Walked | 23.8% |
| Retirement Score · Median age | 20.5 years (vs Virginia 37.8y) |
| Retirement Score · Ss Household Pct | 21.0% |
| Retirement Score · Hospitals Nearby | 1 |
| Retirement Score · Factors | hospital access |
| Retirement Score · Rating | limited |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12