Wachapreague, Virginia Median Income

Wachapreague, Virginia has a population of 498, with a median household income of $47,218.

Current median income data for Wachapreague.

$47,218

👥

Population

498

💰

Median Income

$47,218

📉

Unemployment

5.40%

🏠

Housing Price

$181,200

🚨

Crime Rate

6.20

🌐

Internet Speed

74.80 Mbps

Wachapreague is a small local community located in Virginia. The city has a population that is below the average city population in Virginia, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Wachapreague, located in Virginia, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Wachapreague has a population of 498, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Wachapreague is $47,218, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Wachapreague is about $181,200, making it relatively affordable compared to many cities in Virginia.

Employment and Safety

The unemployment rate in Wachapreague is 5.40%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Wachapreague are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Virginia, Wachapreague shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Virginia, Wachapreague contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Wachapreague

What is the population of Wachapreague?

The population of Wachapreague is approximately 498.

Is Wachapreague a good place to live?

Wachapreague offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Wachapreague?

The median household income in Wachapreague is around $47,218.

How expensive is housing in Wachapreague?

The average housing price in Wachapreague is approximately $181,200.