Narrows: Economy & Jobs

$62,708 is the median household income in Narrows (about the same as Giles County median $65,691; 1.5× below Virginia median $93,170), with homes at a median value of $119,400. The surrounding county supports 5,892 jobs (avg $64,150).

Income & Affordability

Median household income $62,708 — below the Virginia median ($92,968). Poverty rate 7.1% (U.S. average ~12.5%). 29% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income1.9×
Affordability · Home Affordabilityaffordable
Affordability · Rent Pct Income16.6%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened29.1%
Affordability · Poverty Rate7.1%
Affordability · Property Tax Pct Income1.6%
Irs Income · IRS tax returns filed$7,550
Irs Income · Total Adjusted Gross Income (thousands)$457,506
Irs Income · Average AGI per return$60,597 (vs Virginia $92,983)
Irs Income · Year2022
Income Estimate$70,529
Median Household Income$62,708 (vs Virginia $92,968) median_household_income: 2 observations from 2026-04-23 to 2026-04-23
Poverty Rate7.1%

Sources: IRS SOI 2022 · Census ACS 5-Year 2023  ·  Refreshed 2026-04-12

Economic Character

Qualitative classification derived from Census occupation, industry, and income data — workforce composition (white-collar/blue-collar), top employing sector, and income tier.

Economic Character · Workforcemixed
Economic Character · Top IndustryEducation Healthcare
Economic Character · Income Levelmiddle-class
Economic Character · Median Income$62,708

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 0.7% — below the U.S. average of ~4%. 6% work from home (U.S. average ~15%).

Commuter Profile · Mean Commute Min27.80
Commuter Profile · Work From Home Pct6.0%
Commuter Profile · Profilemoderate commute
Employment · Avg annual employment (county)5,892
Employment · Total annual wages (county)$377,947,704
Employment · Average annual pay$64,150
Employment · Year2024
State Occupation Wages · Year2023
State Occupation Wages · All Occupations · Soc Code00-0000
State Occupation Wages · All Occupations · TitleAll Occupations
State Occupation Wages · All Occupations · Employment3,981,130
Unemployment Rate0.7% (vs Virginia 2.9%)

Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023  ·  Refreshed 2026-04-12

Industry Sectors

Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.

Agriculture · Total Farms106
Agriculture · Land In Farms Acres70,873
Agriculture · Avg Farm Size Acres668.60
Agriculture · Top CommoditiesAnimal Totals, Cattle, Crop Totals, Grain, Corn
Agriculture · Year2022
Business Patterns · Establishments (employer count)293
Business Patterns · Total Employees3,530
Business Patterns · Annual Payroll Thousands169,159
Business Patterns · Year2022

Sources: USDA NASS Census 2022 — county FIPS matched · Census CBP API — county FIPS match

Local Business Mix

Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.

Local Businesses · Grocery Stores4
Local Businesses · Gas Stations15
Local Businesses · General Merchandise6
Local Businesses · Auto Repair7
Local Businesses · Funeral Homes4
Local Businesses · Real Estate Offices4
Local Businesses · Commercial Banks5
Local Businesses · Insurance Agencies3

Sources: Census CBP — NAICS detail codes

Dining Scene

Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.

Dining Scene · Full Service Restaurants8
Dining Scene · Fast Food14

Sources: Census CBP NAICS 722

Banking

FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.

Branches (1)

The First National Bank of Peterstown
FNBP NARROWS BRANCH · 110 Old Virginia Ave · 24124

SNAP & Food Access

USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.

Sample (4)

Grants Supermarket 10
Supermarket · 103 Macarthur Ln
DOLLAR GENERAL 14083
Other · 104 Old Virginia Ave
Super Val-u
Convenience Store · 2713 Virginia Ave
Gobble Stop 1
Convenience Store · 2771 Virginia Ave
Nearest Snap · NameGrants Supermarket 10
Nearest Snap · Total In Area4

Sources: USDA SNAP API — state+city name match

Chamber of Commerce

IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.

Chamber Of Commerce · NameGILES COUNTY CHAMBER OF COMMERCE

Sources: IRS EO BMF  ·  Refreshed 2026-04-12

Spending & Tax

Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).

Federal Spending · Federal Spending Fy2024$119,269,316
Federal Spending · Per Capita7,104.86 (vs Virginia $14,580)
Federal Spending · Population16,787 people (vs Virginia 42,214)

Sources: USAspending API

Other

Pct Drove Alone75.5%
Pct Public Transit4.2%
Pct Walked6.0%
Retirement Score · Median age36.9 years (vs Virginia 37.8y)
Retirement Score · Ss Household Pct32.7%
Retirement Score · Hospitals Nearby1
Retirement Score · Va AccessYes
Retirement Score · Factorsstrong SS base, hospital access, VA nearby
Retirement Score · Ratinggood

Sources: Census ACS 5-Year 2023  ·  Refreshed 2026-04-12