Radford, Virginia 

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Economy in Radford, Virginia

Radford has an unemployment rate of 6.2%. The US average is 5.2%.

Radford has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is lower than the US average of 38.0%.

Tax Rates for Radford
- The Sales Tax Rate for Radford is 5.3%. The US average is 6.0%.
- The Income Tax Rate for Radford is 5.8%. The US average is 4.6%.

Income and Salaries for Radford
- The average income of a Radford resident is $15,509 a year. The US average is $28,555 a year.
- The Median household income of a Radford resident is $30,284 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYRadford, VirginiaUnited States
  Unemployment Rate6.2%5.2%
  Recent Job Growth1.0%1.6%
  Future Job Growth35.8%38.0%
  Sales Taxes5.3%6.0%
  Income Taxes0.05750.046
  Income per Cap.$15,509$28,555
  Household Income$30,284$53,482
  Family Median Income$57,976$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.0%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction1.5%6.2%
  Manufacturing10.5%10.4%
  Wholesale trade0.8%2.7%
  Retail trade14.4%11.6%
  Transportation and warehousing2.6%4.1%
  Utilities00
  Information0.5%2.1%
  Finance and insurance1.6%4.7%
  Real estate, rental, leasing2.0%1.9%
  Professional, scientific, technical services4.9%6.7%
  Management of companies0.0%0.1%
  Administrative, support, waste mgt svcs1.8%4.3%
  Educational services19.6%9.3%
  Health care and social assistance11.7%13.8%
  Arts, entertainment, recreation3.5%2.2%
  Accommodation, food services18.2%7.4%
  Other services4.3%4.9%
  Public administration2.1%4.8%
ECONOMY MAP
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    Reviews for Radford    1 Reviews
    Nice place to get a start or retire - 6/26/2008
    Pretty nice place to live. There's not a lot of income here, or jobs, so commuting to Blacksburg to make some money might be your best option. Lots of beautiful city... Read More

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