Census ACS · ZIP Code Tabulation Area

23116 Income Statistics for 2026

Hanover County, Virginia

Median household income

$141,711

Median household income ($141,711) is higher than Hanover County County ($111,567).

23116$141,711
Hanover County County$111,567
23146$119,583
23192$110,642
23015$113,771
23111$98,969
23005$89,335

Average household income

$165,107

Average household income ($165,107) is higher than Hanover County County ($138,696).

23116$165,107
Hanover County County$138,696
23146$155,825
23192$133,561
23015$131,522
23111$126,097
23005$124,622

Per-capita income

$59,857

Per-capita income ($59,857) is higher than Hanover County County ($52,746).

23116$59,857
Hanover County County$52,746
23146$57,792
23192$47,430
23015$52,210
23111$50,643
23005$47,746

Households earning $100k+

69.5%

Households earning $100k+ (69.5%) is higher than Hanover County County (55.0%).

2311669.5%
Hanover County County55.0%
2314661.1%
2319256.8%
2301552.2%
2311149.6%
2300544.8%

All demographics

Population
34,188
Households
12,236
Median age
41.7 yrs
Median household income
$141,711
Mean household income
$165,107
Per capita income
$59,857
Median home value
$433,900
Median gross rent
$1,962
Owner-occupied housing
90.8%
Bachelor's degree or higher
53.8%
In labor force
70.4%
Poverty rate
3.4%
Households earning $100k+
69.5%
Population under 5
5.0%
Population age 18–34
14.8%
Population age 25–44
22.6%
Population age 45–64
29.6%
Population age 65+
15.7%
Hispanic or Latino
2.9%
Black (non-Hispanic)
7.0%
Asian (non-Hispanic)
3.8%
Unemployment rate
2.7%

County and peer ZIP comparisons use population-weighted aggregates from other ZCTAs in the same county. Source: US Census Bureau ACS 5-year estimates. Page URL: https://resource.skyrocketbpo.com/tools/market-research/us-income-demographics-by-zip-code/virginia/23116

Link to this page

Permanent URL backed by Census ACS data in PocketBase.

Context & methodology

About ZIP 23116 income statistics ($141,711 median)

ZIP Code Tabulation Area 23116 in Virginia is defined by the U.S. Census Bureau for statistical reporting. It closely matches USPS ZIP code 23116 but may differ slightly at edges — use these ACS figures as demographic benchmarks, not exact postal boundaries.

An estimated 34,188 people live in this ZCTA. Median household income here ($141,711) is higher than Hanover County County ($111,567). Operators sizing a local market often pair median income with mean income ($165,107) and the share of households earning $100k+ to gauge both typical and upscale demand.

The neighboring ZIP comparison table above lists adjacent ZCTAs with their own ACS estimates. Large gaps between adjacent ZIP codes are common — a few miles can separate very different income profiles, which matters for retail trade areas, service radius, and competitive positioning.

Small-area ACS estimates carry wider margins of error than state or county totals. The Census Bureau publishes guidance on interpreting confidence intervals (linked below). When a figure is critical to your analysis, download the underlying table from data.census.gov and review the margin of error column before citing it in a business plan or press release.

Data vintage: Census ACS 2024 5-year estimates (published 2026). Tables: B19013 (median HH income), B19001 (distribution), B19049 (income by age of householder).

Authoritative sources & further reading

Primary government data and reference pages for verifying and extending this analysis.

Related market research tools

Combine ZIP-level income with these free Resource tools for fuller market pictures.

All ZIP codes·Virginia·ZIP codes in Hanover County