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Independence, VA

Full City Profile · Virginia · Grayson County County

3.3 /5.0
B Good
1,144 Population 489/sq mi density
$36,250 Median Income $32,747 per capita
$115,700 Home Value $213,254 Zillow
$762 Median Rent 31.9% income on rent
52°F Avg Temperature 318 sunny days/yr
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$36,250 median income, 4.0% unemployment
A+
Affordability
4.9 / 5.0
$115,700 home value, $762/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.4 / 5.0
18.1% bachelor's degree or higher

Income Overview

Median Household Income
$36,250
52% below
US avg: $75,149
Per Capita Income
$32,747
16% below
US avg: $39,052
Unemployment Rate
4.0%
11% above
US avg: 3.6%
Poverty Rate
9.0%
27% below
US avg: 12.4%

Income Comparison: Independence vs. U.S. Average

Each bar shows Independence’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$36,250
48%
Per Capita
US: $39,052
$32,747
84%
IRS Avg AGI
US: $72,000
$50,449
70%
Avg Weekly Wage
US: $1,432
$727
51%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$727
49% below US avg ($1,432)
Mean Commute Time
20 min
26% below US avg (28 min)
Work From Home
8.1%
47% below US avg (15.2%)
Drive Alone
74.4%
2% above US avg (73.2%)
Public Transit
0.6%
88% below US avg (5.0%)
County GDP
$398M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 74.4%
Public Transit 0.6%
Work From Home 8.1%
Other 16.9%
Average commute time
20 minutes
US avg: 28 min

Business Landscape

Total Establishments
359
Restaurants
15
Healthcare
12
Retail
21
Manufacturing
15

Tax & Financial

IRS Avg Adjusted Gross Income
$50,449
30% below US avg ($72,000)
Avg Property Tax
$3,115
11% below US avg ($3,500)
Cost of Living Index
101.1
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$36,250
Per Capita Income$32,747
IRS Avg Adjusted Gross Income$50,449
Avg Weekly Wage$727
County GDP$398M

Hardship Indicators

Unemployment Rate4.0%
Poverty Rate9.0%
Gini Coefficient0.471
Cost of Living Index101.1

Commute

Mean Commute20 minutes
Drive Alone74.4%
Public Transit0.6%
Work From Home8.1%

Businesses

Total Establishments359
Restaurants15
Healthcare12
Retail21
Manufacturing15

Tax

IRS Avg AGI$50,449
Avg Property Tax$3,115