Templeton: Economy & Jobs
Earnings in Templeton center on a median $-666,666,666, with homes at a median value of $-666,666,666. The surrounding county supports 14,930 jobs (avg $64,331).
Income & Affordability
Median household income $-666,666,666 — below the Virginia median ($92,968). Poverty rate 17.6% (U.S. average ~12.5%).
| Irs Income · IRS tax returns filed | $16,150 |
|---|---|
| Irs Income · Total Adjusted Gross Income (thousands) | $1,122,841 |
| Irs Income · Average AGI per return | $69,526 (vs Virginia $92,983) |
| Irs Income · Year | 2022 |
| Income Estimate | $100,533 |
| Median Household Income | $-666,666,666 (vs Virginia $92,968) |
| Poverty Rate | 17.6% |
Sources: IRS SOI 2022 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. 21% work from home (U.S. average ~15%).
| Commuter Profile · Work From Home Pct | 21.1% |
|---|---|
| Commuter Profile · Primary Mode | drove alone |
| Employment · Avg annual employment (county) | 14,930 |
| Employment · Total annual wages (county) | $960,443,963 |
| Employment · Average annual pay | $64,331 |
| Employment · Year | 2024 |
| State Occupation Wages · Year | 2023 |
| State Occupation Wages · All Occupations · Soc Code | 00-0000 |
| State Occupation Wages · All Occupations · Title | All Occupations |
| State Occupation Wages · All Occupations · Employment | 3,981,130 |
Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · 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 Farms | 11 |
|---|---|
| Agriculture · Land In Farms Acres | 3,977 |
| Agriculture · Avg Farm Size Acres | 361.50 |
| Agriculture · Top Commodities | Crop Totals, Grain, Corn, Soybeans, Vegetable Totals |
| Agriculture · Year | 2022 |
| Business Patterns · Establishments (employer count) | 470 |
| Business Patterns · Total Employees | 8,279 |
| Business Patterns · Annual Payroll Thousands | 357,245 |
| Business Patterns · Year | 2022 |
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 Stores | 3 |
|---|---|
| Local Businesses · Gas Stations | 10 |
| Local Businesses · General Merchandise | 6 |
| Local Businesses · New Car Dealers | 4 |
| Local Businesses · Beauty Salons | 4 |
| Local Businesses · Pet Grooming | 3 |
| Local Businesses · Auto Repair | 6 |
| Local Businesses · Real Estate Offices | 3 |
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 Restaurants | 16 |
|---|---|
| Dining Scene · Fast Food | 14 |
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 (3)
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)
| Nearest Snap · Name | Ashkar Mart |
|---|---|
| Nearest Snap · Distance | 2.2 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 · Name | BEDFORD AREA CHAMBER OF COMMERCE FOUNDATION INC |
|---|
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 | $551,623,202 |
|---|---|
| Federal Spending · Per Capita | 12,825.46 (vs Virginia $14,580) |
| Federal Spending · Population | 43,010 people (vs Virginia 42,214) |
Sources: USAspending API
Other
| Pct Drove Alone | 78.9% |
|---|---|
| Pct Walked | 21.1% |
| Retirement Score · Median age | 51.7 years (vs Virginia 37.8y) |
| Retirement Score · Va Access | Yes |
| Retirement Score · Factors | older population, VA nearby |
| Retirement Score · Rating | fair |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12