All Countries
Ferrum, VA
Full City Profile · Virginia · Franklin County County
2.3
/5.0
C
Fair
1,622
Population
177/sq mi density
$31,750
Median Income
$13,992 per capita
$202,500
Home Value
$241,658 Zillow
$662
Median Rent
33.1% income on rent
56°F
Avg Temperature
305 sunny days/yr
269
Violent Crime/100K
3,619 property/100K
C
Overall
2.3 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.0 / 5.0
$31,750 median income, 4.6% unemployment
B
Affordability
3.1 / 5.0
$202,500 home value, $662/mo rent
F
Safety
1.0 / 5.0
269 violent crimes/100K
B
Education
3.2 / 5.0
28.1% bachelor's degree or higher
Income Overview
Median Household Income
$31,750
58% below
US avg: $75,149
Per Capita Income
$13,992
64% below
US avg: $39,052
Unemployment Rate
4.6%
28% above
US avg: 3.6%
Poverty Rate
35.5%
186% above
US avg: 12.4%
Income Comparison: Ferrum vs. U.S. Average
Each bar shows Ferrum’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$31,750
42%
Per Capita
US: $39,052
$13,992
36%
IRS Avg AGI
US: $72,000
$72,911
101%
Avg Weekly Wage
US: $1,432
$899
63%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$899
37% below US avg ($1,432)
Mean Commute Time
25 min
11% below US avg (28 min)
Work From Home
19.8%
30% above US avg (15.2%)
Drive Alone
47.8%
35% below US avg (73.2%)
Public Transit
2.0%
59% below US avg (5.0%)
County GDP
$2,216M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
47.8%
Public Transit
2%
Work From Home
19.8%
Other
30.4%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,617
Restaurants
84
Healthcare
90
Retail
184
Manufacturing
59
Tax & Financial
IRS Avg Adjusted Gross Income
$72,911
1% above US avg ($72,000)
Avg Property Tax
$3,752
7% 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 | $31,750 |
| Per Capita Income | $13,992 |
| IRS Avg Adjusted Gross Income | $72,911 |
| Avg Weekly Wage | $899 |
| County GDP | $2,216M |
Hardship Indicators
| Unemployment Rate | 4.6% |
| Poverty Rate | 35.5% |
| Gini Coefficient | 0.469 |
| Cost of Living Index | 101.1 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 47.8% |
| Public Transit | 2.0% |
| Work From Home | 19.8% |
Businesses
| Total Establishments | 1,617 |
| Restaurants | 84 |
| Healthcare | 90 |
| Retail | 184 |
| Manufacturing | 59 |
Tax
| IRS Avg AGI | $72,911 |
| Avg Property Tax | $3,752 |