Charlottesville is a city in Virginia state in USA with a population of 47217 residents.. The poverty rate of Charlottesville is 23.1%, which is 65% higher than national average. The typical household in Charlottesville earns $59598 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 43.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Charlottesville, only 92% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Charlottesville remained 4%, which is 15% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Charlottesville, only 56% of adults have a bachelor's degree and 19% have some college but no degree.

Cost of living in Charlottesville is 111, which is 11% higher than national average. Median home value in Charlottesville is $329100 , which is 43% higher than national average. While median income in Charlottesville remained $59598, which is 12% lower than national average.