Marion: Economy & Jobs

$40,896 is the median household income in Marion (1.2× below Smyth County median $49,883; 2.3× below Virginia median $93,170), with homes at a median value of $172,500. The surrounding county supports 11,649 jobs (avg $48,271).

Income & Affordability

Median household income $40,896 — below the Virginia median ($92,968). Poverty rate 20.7% (U.S. average ~12.5%). 43% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income4.2×
Affordability · Home Affordabilitymoderate
Affordability · Rent Pct Income20.4%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened43.0%
Affordability · Poverty Rate20.7%
Affordability · Property Tax Pct Income2.9%
Irs Income · IRS tax returns filed$12,430
Irs Income · Total Adjusted Gross Income (thousands)$637,865
Irs Income · Average AGI per return$51,317 (vs Virginia $92,983)
Irs Income · Year2022
Income Estimate$42,568
Median Household Income$40,896 (vs Virginia $92,968) median_household_income: 4 observations from 2026-04-23 to 2026-04-29
Poverty Rate20.7%

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 IndustryEducation Healthcare
Economic Character · Income Levelworking-class
Economic Character · Median Income$40,896

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 2.4% — below the U.S. average of ~4%. 10% work from home (U.S. average ~15%).

Commuter Profile · Mean Commute Min16.90
Commuter Profile · Work From Home Pct9.8%
Commuter Profile · Profileshort commute
Employment · Avg annual employment (county)11,649
Employment · Total annual wages (county)$562,295,921
Employment · Average annual pay$48,271
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 Rate2.4% (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 Farms191
Agriculture · Land In Farms Acres86,143
Agriculture · Avg Farm Size Acres451.00
Agriculture · Top CommoditiesAnimal Totals, Cattle, Crop Totals, Field Crops, Other, Grain
Agriculture · Year2022
Business Patterns · Establishments (employer count)493
Business Patterns · Total Employees8,239
Business Patterns · Annual Payroll Thousands381,228
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 Stores5
Local Businesses · Convenience Stores4
Local Businesses · Gas Stations16
Local Businesses · General Merchandise10
Local Businesses · Used Car Dealers4
Local Businesses · Auto Repair9
Local Businesses · Funeral Homes4
Local Businesses · Commercial Banks12

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 Food20

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 (5)

The Bank of Marion
REGIONAL MORTGAGE CENTER · 111 N Church St · 24354
First Community Bank
MARION BRANCH · 1425 N Main St · 24354
The Bank of Marion
WASHINGTON AVENUE BRANCH · 1026 S Main St · 24354
The Bank of Marion
The Bank of Marion · 102 W Main St · 24354
The Bank of Marion
ROYAL OAK BRANCH · 1600 N Main St · 24354

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)

FOOD CITY 848
Supermarket · 910 N Main St
Flowers Bakery Outlet 460
Convenience Store · 527 S Main St
Walmart 1336
Super Store · 1193 N Main St
INGLES MARKETS 503
Supermarket · 1185 N Main St
HAYDENS MARKET
Convenience Store · 2204 Riverside Rd
Nearest Snap · NameFOOD CITY 848
Nearest Snap · Total In Area21

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 · NameCHAMBER OF COMMERCE OF SMYTH COUNTY INCORPORATED

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$263,143,515
Federal Spending · Per Capita8,830.32 (vs Virginia $14,580)
Federal Spending · Population29,800 people (vs Virginia 42,214)

Sources: USAspending API

Other

Pct Drove Alone77.5%
Pct Public Transit0.7%
Pct Walked9.8%
Retirement Score · Median age44.8 years (vs Virginia 37.8y)
Retirement Score · Ss Household Pct36.9%
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