Prices Fork: Economy & Jobs

Median household income in Prices Fork is $69,063 (1.1× below Montgomery County median $72,715; 1.3× below Virginia median $93,170), with homes at a median value of $300,000. The surrounding county supports 43,202 jobs (avg $60,810).

Income & Affordability

Median household income $69,063 — below the Virginia median ($92,968). Poverty rate 7.0% (U.S. average ~12.5%). 42% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income4.3×
Affordability · Home Affordabilitymoderate
Affordability · Rent Pct Income21.6%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened41.9%
Affordability · Poverty Rate7.0%
Affordability · Property Tax Pct Income3.7%
Irs Income · IRS tax returns filed$36,020
Irs Income · Total Adjusted Gross Income (thousands)$3,074,988
Irs Income · Average AGI per return$85,369 (vs Virginia $92,983)
Irs Income · Year2022
Income Estimate$86,111
Median Household Income$69,063 (vs Virginia $92,968) median_household_income: 2 observations from 2026-04-23 to 2026-04-23
Poverty Rate7.0%

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 · Workforcewhite_collar
Economic Character · Top IndustryEducation Healthcare
Economic Character · Income Levelmiddle-class
Economic Character · Median Income$69,063

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 2.3% — below the U.S. average of ~4%. 4% work from home (U.S. average ~15%).

Commuter Profile · Work From Home Pct3.7%
Commuter Profile · Primary Modedrove alone
Employment · Avg annual employment (county)43,202
Employment · Total annual wages (county)$2,627,115,187
Employment · Average annual pay$60,810
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 Rate2.3% (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 Farms9
Agriculture · Land In Farms Acres85,117
Agriculture · Avg Farm Size Acres9,457.40
Agriculture · Top CommoditiesAnimal Totals, Crop Totals, Cattle, Milk, Horticulture Totals
Agriculture · Year2022
Business Patterns · Establishments (employer count)1,992
Business Patterns · Total Employees31,591
Business Patterns · Annual Payroll Thousands1,649,585
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 Stores13
Local Businesses · Convenience Stores17
Local Businesses · Liquor Stores5
Local Businesses · Gas Stations26
Local Businesses · General Merchandise11
Local Businesses · Clothing Stores8
Local Businesses · Pet Stores4
Local Businesses · Bookstores5

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 Restaurants87
Dining Scene · Fast Food75
Dining Scene · Coffee Snacks21

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 (10)

The National Bank of Blacksburg
The National Bank of Blacksburg · 100 S Main St · 24060
Atlantic Union Bank
RINER BRANCH · 4055 Riner Rd · 24149
Carter Bank & Trust
CHRISTIANSBURG BRANCH · 200 College St · 24073
Wells Fargo Bank, National Association
UNIVERSITY MALL BRANCH · 920 University City Blvd · 24060
First Community Bank
BLACKSBURG BRANCH · 1900 S Main St · 24060
Truist Bank
CHRISTIANSBURG BRANCH · 15 Spradlin Farm Dr · 24073
The First Bank and Trust Company
BLACKSBURG OFFICE · 2695 Prices Fork Rd · 24060
Burke & Herbert Bank & Trust Company
CHRISTIANSBURG BRANCH · 100 Akers Farm Rd · 24073
CNB Bank
NEW RIVER VALLEY LPO BRANCH · 1901 S Main St · 24060
First-Citizens Bank & Trust Company
CHRISTIANSBURG MAIN · 250 Peppers Fry Rd Nw · 24073

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 (3)

Dollar General 12363
Other · 246 Alleghany Spring Rd
White Creek Market
Convenience Store · 6691 Roanoke Rd
Wyatt's Country Store
Convenience Store · 1790 Alleghany Spring Rd
Nearest Snap · NameSheetz 320
Nearest Snap · Distance0.4 mi

Sources: USDA SNAP — nearest by coordinates

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 · NameMONTGOMERY COUNTY CHAMBER OF COMMERCE FOUNDATION

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$1,220,784,247
Federal Spending · Per Capita12,242.00 (vs Virginia $14,580)
Federal Spending · Population99,721 people (vs Virginia 42,214)

Sources: USAspending API

Other

Pct Drove Alone84.7%
Pct Walked3.7%
Retirement Score · Median age47.6 years (vs Virginia 37.8y)
Retirement Score · Ss Household Pct37.1%
Retirement Score · Hospitals Nearby2
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