County profile
Hanover County, VA
United States · GDP 2024
#471 of 3,127 US counties by GDP37th-percentile growthmore diversified than 99% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$9.2B
BEA · 2024
GDP growth (YoY)
+3.1%
BEA · 2024
Jobs tracked
52,652
Census CBP · 2023
Employers
3,413
Census CBP · 2023
Avg. wage
$54.2k
BLS QCEW · 2023
Population
116,423
Census PEP · 2025
Labor, income & education
Unemployment
3.4%
Median HH income
$112.8k±$4.1k
Bachelor's degree+
42.7%±1.7%
Poverty rate
5.7%±0.8%
Business applications
1,420 · 2025
Retail establishments
379
32.8/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Lucky Strike Entertainment CorporationConsumer Cyclical$1.2B43DHQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Retail trade21%
Health care18%
Construction18%
Wholesale trade16%
Food & accommodation13%
Transportation13%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
116,423
residents · 2025 · +5.6% since 2020
Income per capita $81.5k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+6,265
International migration+599
Natural change−605
GDP trend
2019–2024 · nominal
$6.3B2019
$6.3B2020
$7.1B2021
$8.1B2022
$8.9B2023
$9.2B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$400.4k±$8.0k
Median gross rent
$1.6k/mo±$63/mo
Vacancy rate
4.3%±0.9%
Affordability
7.4× wages
Residential permits
$120.5M
511 units · 4.4/1k pop
FEMA risk score
53.5
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Drought 91Earthquake 84Hurricane 75
FHFA HOUSE PRICE INDEX · 2016–2025
2782016
2912017
3022018
3162019
3252020
3522021
4012022
4352023
4652024
4822025
RESIDENTIAL PERMITS · 2021–2025
↓ -35% since 20217892021
5642022
4812023
4472024
5112025
Transport access
BTS · FAA · USACE
Nearest interstate
2.8 km
I-95
Nearest freight rail
1.0 km
CSXT
Nearest port
28.8 km
IMTT, RICHMOND TERMINAL WHARF
Nearest commercial airport
32.2 km
RICHMOND INTL
Filing activity
SEC EDGAR3 filings from 1 company here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$54.2k
avg. annual pay · +24% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Hanover?
Hanover's economy produced $9.2B in 2024, growing 3.1% year over year — slower than 63% of US counties. Its largest employment sector is retail trade.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.