LotsCap

Economy Profile

Prince William County

  • Virginia State
  • October, 2024
TSAC-CFD-51153

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ -
AVG Real Growth (2017-2022)
- %
Unemployment Rate (May, 2024)
3.1 %
Labor Force Size
260273
Number of Businesses
10683
Average Annual Wage
$ 61806

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ -
GDP Per Capita
$ -
GDP Growth Rate (2022)
- %
Average Growth Rate (2017-2022)
- %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
- %
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
260273
Labor Force Growth
-0.36%
Unemployment
8125
Unemployment Rate
3.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
78.4%
Employment Rate (with Bachelor's Degree)
85.3%
Employment Rate (75+ y.o.)
8.7%
Employment Rate (Black)
71.2%
Employment Rate (Female)
73.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
10683
Number of Employment
139621
Annual Average Wages
$ 61806
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 74973
Service-providing (avg pay)
$ 54051
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 123193
Household Income (Median)
$ 149608
Per Capita Income
$ 48958
Per Capita Income Growth (2010-2022)
37 %
Gini Index
0.3921*
Poverty Rate
6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov