Ferrum employment information

IndexFerrumVirginiaNational
Income per capita$9,778$34,967$29,829
Median household income$45,469$66,149$55,322
Median income owner occupied$50,250$82,180$70,586
Median income renter occupied$0$42,481$35,192
Median earnings male$3,949$41,712$36,919
Median earnings female$5,793$29,664$26,250
Unemployment rate7.7%3.8%4.7%
Poverty level14.1%11.4%15.1%
The Ferrum, VA employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Ferrum is $9,778, which is 72% lower than than the Virginia average and 67% lower than than the national average. The median household income is $45,469, which is 31% lower than than the Virginia average and 18% lower than than the national average. The unemployment rate in Ferrum is 8%, which is 65% higher than than the national average. The poverty rate in Ferrum is 14% which is 7% lower than than the national average.

am i middle class

$Input your household income
$30,309$45,469$90,938
City
$44,094$66,149$132,298
State
$36,877$55,322$110,644
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.

Did you know?

  • The income per capita in Ferrum is 67% lower than the national average.
  • The median household income in Ferrum is 18% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Ferrum is 65% higher than the national average.
  • The poverty level in Ferrum is 7% lower than the national average.

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Compare Ferrum, VA Employment To Other Cities

Employment status

Hours worked per week

Ferrum median earnings by income bracket

Ferrum employment by industry

Labour TypeMaleFemale
Construction industry12.0%0.0%
Manufacturing sector15.2%3.5%
Financial & insurance services0.0%0.0%
Wholesale & retail services9.3%13.2%
Public administration0.0%4.6%
Transportation, warehousing & utilities0.0%3.5%
Education, health & social services37.3%49.8%
Other26.2%20.9%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Boones Mill, VA149$50,3139%
Stanleytown, VA1,224$43,97121%
Collinsville, VA7,282$34,42238%
Henry Fork, VA1,457$31,89842%
Oak Level, VA798$26,94451%
Ferrum, VA2,357$45,46918%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Danville, AR2,357$38,21431%
LaGrange, OH2,357$58,0885%
Kershaw, SC2,357$36,16135%
Spring Grove, PA2,358$52,4195%
North Conway, NH2,358$43,51221%
Ferrum, VA2,357$45,46918%
Source: The Ferrum, VA employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).