Ferrum, VA Employment - Median Household Income, Unemployment Rate

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D-

54%

Income/capita NAT. AVG.

15%

Household income NAT. AVG.

41%

Unemployment NAT. AVG.

Index	Ferrum	Virginia	National
Income per capita	$20,739	$52,412	$44,883
Median household income	$68,983	$97,559	$81,333
Median income owner occupied	$68,480	$122,661	$106,172
Median income renter occupied	$0	$62,827	$52,080
Median earnings male	$6,800	$61,054	$54,343
Median earnings female	$6,520	$44,172	$38,439
Unemployment rate	6.9%	4.0%	4.9%
Poverty level	24.0%	11.4%	15.1%

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Homes For Sale In Ferrum, VA

1232 Prillaman Switch Rd

Ferrum, VA

92 Game Trail Dr

Ferrum, VA

1488 Henry Rd

Ferrum, VA

0 Old Ferrum Rd

Ferrum, VA

Key findings

The income per capita in Ferrum is 54% lower than the national average
The median household income in Ferrum is 15% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Ferrum is 41% higher than the national average
The poverty level in Ferrum is 59% higher than the national average

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am i middle class

$45,984 $68,983 $137,966

City

$65,032 $97,559 $195,118

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Ferrum median earnings by income bracket

Ferrum employment by industry

Labour Type	Male	Female
Construction industry	0.0%	0.0%
Manufacturing sector	13.8%	13.8%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	7.0%	7.0%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	9.8%	9.8%
Education, health & social services	37.8%	37.8%
Other	31.6%	31.6%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Boones Mill, VA	154	$82,523	1.5%
Rocky Mount, VA	4,828	$68,465	15.8%
Henry Fork, VA	1,171	$61,939	23.8%
Collinsville, VA	7,198	$61,038	25.0%
Bassett, VA	923	$51,820	36.3%
Ferrum, VA	2,202	$68,983	15.2%

Cities with similar population

City	Population	Household Income	National Avg.
Kahoka, MO	2,202	$62,485	23.2%
Red Hook, NY	2,202	$122,901	51.1%
Chouteau, OK	2,202	$65,000	20.1%
Upper Miramichi, NB	2,202	n/a
Pleasantville, IA	2,201	$87,825	8.0%
Ferrum, VA	2,202	$68,983	15.2%

Source: The Ferrum, VA employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.