Cave Spring, VA
Full City Profile · Virginia · Salem city County
4.8
/5.0
A+
Excellent
26,014
Population
2,179/sq mi density
$85,314
Median Income
$47,663 per capita
$296,700
Home Value
$272,178 Zillow
$1,224
Median Rent
24.4% income on rent
58°F
Avg Temperature
A+
Overall
4.8 / 5.0
Strong
A+
Economy
4.6 / 5.0
$85,314 median income, 2.9% unemployment
A+
Affordability
4.7 / 5.0
$296,700 home value, $1,224/mo rent
A+
Education
5.0 / 5.0
50.4% bachelor's degree or higher
Income Overview
Median Household Income
$85,314
14% above
US avg: $75,149
Per Capita Income
$47,663
22% above
US avg: $39,052
Unemployment Rate
2.9%
19% below
US avg: 3.6%
Poverty Rate
4.6%
63% below
US avg: 12.4%
Income Comparison: Cave Spring vs. U.S. Average
Each bar shows Cave Spring’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$85,314
114%
Per Capita
US: $39,052
$47,663
122%
IRS Avg AGI
US: $72,000
$75,299
105%
Avg Weekly Wage
US: $1,432
$1,219
85%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,219
15% below US avg ($1,432)
Mean Commute Time
21 min
25% below US avg (28 min)
Work From Home
16.1%
6% above US avg (15.2%)
Drive Alone
75.3%
3% above US avg (73.2%)
Public Transit
0.2%
96% below US avg (5.0%)
How Residents Get to Work
Drive Alone
75.3%
Public Transit
0.2%
Work From Home
16.1%
Other
8.4%
Average commute time
21 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,123
Restaurants
91
Healthcare
145
Retail
140
Manufacturing
50
Tax & Financial
IRS Avg Adjusted Gross Income
$75,299
5% above US avg ($72,000)
Avg Property Tax
$4,264
22% above US avg ($3,500)
Cost of Living Index
101.1
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $85,314 |
| Per Capita Income | $47,663 |
| IRS Avg Adjusted Gross Income | $75,299 |
| Avg Weekly Wage | $1,219 |
Hardship Indicators
| Unemployment Rate | 2.9% |
| Poverty Rate | 4.6% |
| Gini Coefficient | 0.458 |
| Cost of Living Index | 101.1 |
Commute
| Mean Commute | 21 minutes |
| Drive Alone | 75.3% |
| Public Transit | 0.2% |
| Work From Home | 16.1% |
Businesses
| Total Establishments | 1,123 |
| Restaurants | 91 |
| Healthcare | 145 |
| Retail | 140 |
| Manufacturing | 50 |
Tax
| IRS Avg AGI | $75,299 |
| Avg Property Tax | $4,264 |