Radford city: Economy & Jobs
Median household income in Radford city is $57,348 (about the same as Radford city median $57,348; 1.6× below Virginia median $93,170), with homes at a median value of $220,700. The surrounding county supports 5,996 jobs (avg $54,027).
Income & Affordability
Median household income $57,348 — below the Virginia median ($92,968). Poverty rate 33.8% (U.S. average ~12.5%).
| Irs Income · IRS tax returns filed | $5,840 |
|---|---|
| Irs Income · Total Adjusted Gross Income (thousands) | $332,463 |
| Irs Income · Average AGI per return | $56,929 (vs Virginia $92,983) |
| Irs Income · Year | 2022 |
| Median Household Income | $57,348 (vs Virginia $92,968) |
| Poverty Rate | 33.8% |
Sources: IRS SOI 2022 — county FIPS · Census ACS 5-Year 2024 — county-level query · Refreshed 2026-04-29
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 7.2% — above the U.S. average of ~4%.
| Employment · Avg annual employment (county) | 5,996 |
|---|---|
| Employment · Total annual wages (county) | $323,959,329 |
| Employment · Average annual pay | $54,027 |
| Employment · Year | 2024 |
| Employment · Avg annual employment (county) | 5,996 |
| Employment · Total annual wages (county) | $323,959,329 |
| Employment · Average annual pay | $54,027 |
| 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 |
| Unemployment Rate | 7.2% (vs Virginia 2.9%) |
Sources: BLS QCEW (Quarterly Census of Employment and Wages) · BLS QCEW 2024 · BLS Occupational Employment and Wage Statistics (OES) · Refreshed 2026-05-03
Industry Sectors
Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.
| Business Patterns · Establishments (employer count) | 291 |
|---|---|
| Business Patterns · Total Employees | 3,992 |
| Business Patterns · Annual Payroll Thousands | 177,243 |
| Business Patterns · Year | 2022 |
Sources: 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 · Convenience Stores | 7 |
|---|---|
| Local Businesses · Gas Stations | 3 |
| Local Businesses · General Merchandise | 3 |
| Local Businesses · Beauty Salons | 3 |
| Local Businesses · Auto Repair | 5 |
| Local Businesses · Real Estate Offices | 3 |
| Local Businesses · Commercial Banks | 7 |
| Local Businesses · Law Offices | 7 |
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 | 11 |
|---|---|
| Dining Scene · Fast Food | 11 |
Sources: Census CBP NAICS 722
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.
| Total Snap Stores | 14 |
|---|
Spending & Tax
Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).
| Federal Spending · Federal Spending Fy2024 | $1,128,940,402 |
|---|---|
| Federal Spending · Per Capita | 70,251.43 (vs Virginia $14,580) |
| Federal Spending · Population | 16,070 people (vs Virginia 42,214) |
Sources: USAspending API