Glenvar: Economy & Jobs

Households in Glenvar earn a median $49,083 (1.7× below Roanoke County median $83,709; 1.9× below Virginia median $93,170), with homes at a median value of $264,100. The surrounding county supports 37,445 jobs (avg $54,899).

Income & Affordability

Median household income $49,083 — below the Virginia median ($92,968). Poverty rate 17.0% (U.S. average ~12.5%). 72% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income5.4×
Affordability · Home Affordabilityexpensive
Affordability · Rent Pct Income25.9%
Affordability · Rent Affordabilitymoderate
Affordability · Pct Severely Rent Burdened72.4%
Affordability · Poverty Rate17.0%
Affordability · Property Tax Pct Income2.2%
Irs Income · IRS tax returns filed$47,620
Irs Income · Total Adjusted Gross Income (thousands)$4,016,193
Irs Income · Average AGI per return$84,338 (vs Virginia $92,983)
Irs Income · Year2022
Income Estimate$52,560
Median Household Income$49,083 (vs Virginia $92,968) median_household_income: 2 observations from 2026-04-23 to 2026-04-23
Poverty Rate17.0%

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 · Workforcemixed
Economic Character · Top IndustryRetail
Economic Character · Income Levelworking-class
Economic Character · Median Income$49,083

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 1.3% — below the U.S. average of ~4%.

Commuter Profile · Primary Modedrove alone
Employment · Avg annual employment (county)37,445
Employment · Total annual wages (county)$2,055,676,802
Employment · Average annual pay$54,899
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 Rate1.3% (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 Acres21,922
Agriculture · Avg Farm Size Acres2,435.80
Agriculture · Top CommoditiesCrop Totals, Horticulture Totals, Animal Totals, Cattle, Field Crops, Other
Agriculture · Year2022
Business Patterns · Establishments (employer count)2,128
Business Patterns · Total Employees30,124
Business Patterns · Annual Payroll Thousands1,451,574
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 Stores11
Local Businesses · Convenience Stores16
Local Businesses · Liquor Stores3
Local Businesses · Gas Stations23
Local Businesses · General Merchandise9
Local Businesses · Electronics Stores3
Local Businesses · New Car Dealers4
Local Businesses · Used Car Dealers9

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 Restaurants53
Dining Scene · Fast Food57
Dining Scene · Coffee Snacks11

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)

Atlantic Union Bank
HOLLINS BRANCH · 7337 Williamson Rd · 24019
Pinnacle Bank
VINTON BRANCH · 1003 Hardy Rd · 24179
Bank of Botetourt
BONSACK BRANCH · 3801 Challenger Ave · 24012
Truist Bank
TANGLEWOOD MALL BRANCH · 2730 Ogden Rd · 24018
HomeTrust Bank
VINTON BRANCH · 201 S Pollard St · 24179
The First Bank and Trust Company
ROANOKE OFFICE BRANCH · 3130 Chaparral Dr · 24018
Carter Bank & Trust
CAVE SPRING BRANCH · 3132 Electric Rd · 24018
First-Citizens Bank & Trust Company
ELECTRIC ROAD BRANCH · 3862 Electric Rd · 24018
SKYLINE NATIONAL BANK
CAVE SPRING BRANCH · 4094 Postal Dr · 24018
Wells Fargo Bank, National Association
TANGLEWOOD BRANCH · 4206 Electric Rd · 24018

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)

Food Lion 137
Supermarket · 1952 E Washington Ave
Kroger 322
Super Store · 915 Hardy Rd
CVS Pharmacy 4161
Other · 1022 Hardy Rd
Nearest Snap · NameFood Lion 137
Nearest Snap · Distance0.3 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 · NameCHAMBER OF COMMERCE OF ROANOKE

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$974,539,792
Federal Spending · Per Capita10,054.16 (vs Virginia $14,580)
Federal Spending · Population96,929 people (vs Virginia 42,214)

Sources: USAspending API

Other

Pct Drove Alone100.0%
Retirement Score · Median age75.2 years (vs Virginia 37.8y)
Retirement Score · Ss Household Pct73.9%
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