 , the median household income was $70,487.First settled by the English colonists in 1607 at Jamestown in the Virginia Colony, the County was formally created in 1634 as James City Shire by order of King Charles I. James City County is considered one of only five original shires of Virginia to still be extant today in essentially the same political form.The Jamestown 2007 celebration marked the 400th anniversary of the founding of Jamestown.