According to the Bureau of Economic Analysis, in 2001, Virginia had a per capita personal income (PCPI) of $32,338 which ranked 12th in the United States (including the District of Columbia) and was 106% of the national average, $30,413. The 2001 PCPI reflected an increase of 3.6% from 2000 compared to the national change of 2.2%. In 2001, Virginia had a total personal income (TPI) of $232,730,432,000 which ranked 12th in the United States and accounted for 2.7% of the national total. The 2001 TPI reflected an increase of 4.9% from 2000 compared to the national change of 3.3%.
Earnings of persons employed in Virginia increased from $161,906,976,000 in 2000 to $169,233,172,000 in 2001, an increase of 4.5%. The largest industries in 2001 were services, 32.2% of earnings; state and local government, 10.8%; and retail trade, 8.0%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was transportation and public utilities (6.6% of earnings in 2001), which decreased 1.0%; the fastest was finance, insurance, and real estate (7.5% of earnings in 2001), which increased 9.9%.
According to data released by the US Census Bureau, in 2000, the median household income was $50,069 compared to the national average of $42,148. In 2001, the median income for a family of four was $69,616 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 8.0% which placed it 10th among the 50 states and the District of Columbia ranked lowest to highest.