Blacksburg, Virginia Income Statistics
Blacksburg Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
F
Blacksburg Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Blacksburg | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,999 | $93,527 | $80,455 |
| Median Personal Income | $67,830 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.3% | 4.8% |
| Six-Figure Earners | 8.3% | 18.3% | 13.9% |
| $200k+ Households | 13.3% | 17.7% | 13.2% |
The median household income in Blacksburg is about 50% lower than in Virginia. Income has been growing faster in Blacksburg (4.4%/yr) than in Virginia (4.3%/yr).
About 8% of adults in Blacksburg earn six figures ($100,000 or more) a year, lower than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Blacksburg, Virginia grew by 79.1% from 2009 to 2024, reaching $46,999 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Blacksburg
| Metric | Blacksburg | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.742 | 0.544 | 0.552 |
| Male Median Income | $73,391 | $78,585 | $69,667 |
| Female Median Income | $71,919 | $62,626 | $56,850 |
| Gender Pay Gap | 2.0% | 20.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Blacksburg, it is 0.742, higher than Virginia's 0.544, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 2% more than women's income in Blacksburg, Virginia. Over a 35-year career, a 2% wage gap accumulates to roughly $51,520 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Blacksburg, Virginia has narrowed from about 33% to 2% in 2024. Over that period the gap was widest at 40% in 2012, and in 2022 women out-earned men by 8%. In dollar terms, the gap has narrowed by $14,343 since 2009.
Employment
| Metric | Blacksburg | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.1% | 5.2% |
| Working from Home | 18.6% | 18.3% | 15.0% |
| Commute time (minutes) | 12 | 23 | 22 |
Approximately 550 people are unemployed in Blacksburg, Virginia.
The average commute time in Blacksburg is 12 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Blacksburg, Virginia has fallen from 11.0% to 3.3% in 2024. Over that period the rate peaked at 11.1% in 2013.
Conclusion
Considering all these factors, Blacksburg, Virginia has an overall wealth index grade of F, making it worse than Virginia, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Blacksburg, Virginia.
How Rich Is Blacksburg, Virginia?
Blacksburg has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $46,999, about 50% lower than the Virginia average of $93,527.
Are incomes growing in Blacksburg, Virginia?
Between 2009 and 2024, the median household income in Blacksburg, Virginia rose 79%, from $26,248 to $46,999. Over the same years, income here outpaced Virginia as a whole: +79% against +55%.
What was the median household income in Blacksburg in 2023?
In 2023, the median household income in Blacksburg, Virginia was $43,730, up 11% from $39,442 in 2022. The Virginia median that year was $91,420.
What was the median household income in Blacksburg in 2020?
In 2020, the median household income in Blacksburg, Virginia was $40,282. By 2024 it had risen 17% to $46,999.
What is the Gini coefficient in Blacksburg, Virginia?
The Gini coefficient in Blacksburg is 0.742. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Blacksburg, Virginia?
Since 2009, the income gap between men and women in Blacksburg, Virginia has narrowed from about 33% to 2% in 2024. Over that period the gap was widest at 40% in 2012, and in 2022 women out-earned men by 8%. In dollar terms, the gap has narrowed by $14,343 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →