South Boston: Economy & Jobs

Median household income in South Boston is $44,052 (1.2× below Halifax County median $52,013; 2.1× below Virginia median $93,170), with homes at a median value of $171,200. The surrounding county supports 11,850 jobs (avg $50,234).

Income & Affordability

Median household income $44,052 — below the Virginia median ($92,968). Poverty rate 26.9% (U.S. average ~12.5%). 34% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income3.9×
Affordability · Home Affordabilitymoderate
Affordability · Rent Pct Income20.6%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened33.7%
Affordability · Poverty Rate26.9%
Affordability · Property Tax Pct Income1.8%
Irs Income · IRS tax returns filed$15,030
Irs Income · Total Adjusted Gross Income (thousands)$828,095
Irs Income · Average AGI per return$55,096 (vs Virginia $92,983)
Irs Income · Year2022
Income Estimate$46,836
Median Household Income$44,052 (vs Virginia $92,968) median_household_income: 2 observations from 2026-04-23 to 2026-04-23
Poverty Rate26.9%

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 IndustryManufacturing
Economic Character · Income Levelworking-class
Economic Character · Median Income$44,052

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 2.5% — below the U.S. average of ~4%. 4% work from home (U.S. average ~15%).

Commuter Profile · Mean Commute Min15.90
Commuter Profile · Work From Home Pct4.4%
Commuter Profile · Profileshort commute
Employment · Avg annual employment (county)11,850
Employment · Total annual wages (county)$595,302,068
Employment · Average annual pay$50,234
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 Rate2.5% (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 Farms3
Agriculture · Land In Farms Acres1,198
Agriculture · Avg Farm Size Acres399.30
Agriculture · Top CommoditiesAnimal Totals, Crop Totals, Hogs, Grain, Soybeans
Agriculture · Year2022
Business Patterns · Establishments (employer count)662
Business Patterns · Total Employees9,685
Business Patterns · Annual Payroll Thousands430,969
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 Stores9
Local Businesses · Convenience Stores9
Local Businesses · Gas Stations12
Local Businesses · General Merchandise13
Local Businesses · Used Car Dealers4
Local Businesses · Auto Repair7
Local Businesses · Funeral Homes4
Local Businesses · Laundry Dryclean5

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 Restaurants20
Dining Scene · Fast Food25

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 (8)

Carter Bank & Trust
DOWNTOWN SOUTH BOSTON BRANCH · 222 Main St · 24592
First Horizon Bank
SOUTH BOSTON II BRANCH · 410 Main St · 24592
Atlantic Union Bank
SOUTH BOSTON OFFICE · 3609 Old Halifax Rd · 24592
Carter Bank & Trust
CENTERVILLE BRANCH · 4013 Halifax Rd · 24592
Wells Fargo Bank, National Association
SOUTH BOSTON BRANCH · 3300 Halifax Rd · 24592
Benchmark Community Bank
SOUTH BOSTON BRANCH · 1135 Huell Matthews Hwy · 24592
Truist Bank
SOUTH BOSTON BRANCH · 4030 Halifax Rd · 24592
First National Bank
HALIFAX ROAD BRANCH · 4027 Halifax Road · 24592

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 (5)

Dollar General 4238
Other · 1030 Bill Tuck Hwy
Walmart Supercenter 1345
Super Store · 3471 Old Halifax Rd
Fas Mart 111
Convenience Store · 2070 Philpott Rd
Food Lion 542
Supermarket · 1020 BILL TUCK HWY
Flowers Bakery Outlet 371
Convenience Store · 4198 Halifax Rd
Nearest Snap · NameDollar General 4238
Nearest Snap · Total In Area25

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 · NameHALIFAX 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$269,765,051
Federal Spending · Per Capita7,929.14 (vs Virginia $14,580)
Federal Spending · Population34,022 people (vs Virginia 42,214)

Sources: USAspending API

Other

Pct Drove Alone83.4%
Pct Walked4.4%
Retirement Score · Median age44.2 years (vs Virginia 37.8y)
Retirement Score · Ss Household Pct41.5%
Retirement Score · Hospitals Nearby1
Retirement Score · Va AccessYes
Retirement Score · Factorsolder population, strong SS base, hospital access, VA nearby
Retirement Score · Ratingexcellent

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