Official Federal Data
Craig County, Virginia
FIPS 51045 · Roanoke, VA · Population 4,856
9 Sources
Updated June 22, 2026
$69,057 ▲
Median Income
$80,734 national
3.6% ▲
Unemployment
4% national
$152M ▲
GDP
19.2% ▼
Bachelor's+
35.7% national
Small population: 4,856 residents. These figures come from the U.S. Census Bureau’s American Community Survey 5-year estimates, which carry a wide margin of error for places under 20,000 people. Read each value as an approximate range, and treat year-over-year changes as indicative rather than exact. A small shift can reflect survey sampling, not a real change on the ground.
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$69,057 ▲
Per Capita
$34,638 ▲
Mean Household
$90,344 ▲
Poverty Rate
13.7% ▲approx.
Median Income Comparison
Craig County$69,057
Virginia$93,170
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 23.1%
18-34 · 15.1%
35-54 · 23.4%
55-64 · 19.5%
65+ · 18.8%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
87.2%
High School+
National: 89.6%
▼ 2.4 pts
19.2%
Bachelor's+
National: 35.7%
▼ 16.5 pts
7.8%
Graduate+
National: 14.1%
▼ 6.3 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
4,856
Population
2,044
Labor Force
Employed
1,983
Unemployment Rate BLS LAUS 2025 annual
3.6% ▲ +0.2 pts YoY
Mean Commute 26 min below national avg
0.0 min
Work From Home vs 15.1% national
16.9%
Key Takeaways
- Talent gap: Bachelor's-or-higher attainment trails the national average by 16.5 pts, relevant for advanced-services attraction strategy.
- Aging population: Median age of 46 is materially above the U.S. norm; succession planning and senior-services demand are real factors.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Retail Trade employs 106 workers, at an average wage of $23,172.
- Economic scale: Regional GDP of $152M (2024).
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Health Care & Social Assistance Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
59
Cluster Employment
2.41x
Peak LQ
Concentrated Sub-Sectors
Private Households
5.96x 6
Social Assistance
2.41x 59
Repair and Maintenance
1.67x 12
Key Takeaways
- Top specialization: Private Households concentrates at 5.96x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
- Cluster depth: 3 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$189,000 ▲
Median Home Value vs 2019
$713 ▲
Rent/Mo
83.7% ▲
Owner-Occ
27.6% ▲
Vacancy
2.7x
Home Value to Income Ratio - Affordable
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$1,004/mo
1 Bedroom
$1,053/mo
2 Bedroom
$1,254/mo
3 Bedroom
$1,743/mo
4 Bedroom
$2,104/mo
30% of monthly median household income (~$1,726/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- Affordable market: Home value to income ratio of 2.7x is well below the ~4.1x national average; supports talent attraction and family settlement narratives.
- High home ownership: 83.7% owner-occupied; rental supply may be tight for incoming workers.
- Elevated vacancy: 27.6% vacancy rate. In resort, rural, and seasonal markets much of this is recreational/seasonal (second homes), not available supply; confirm the vacancy-by-reason split before treating it as a redevelopment opportunity.
- Affordable rent tiers: 3 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,726/mo).
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
2,819 ▼
Working Age (18-64) vs 2019
Mean Commute 26 min below national avg
0.0 min
Work From Home vs 15.1% national
16.9%
Prime-Age Employed (25-54)
69.3%
of prime-age population
▼ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
19.2% ▼
HS Diploma+
87.2% ▼
Regional / Statewide Institutions
Total credentials awarded
72,277/yr
25,513/yr
10,335/yr
10,020/yr
9,615/yr
9,087/yr
7,707/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
33.6%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
40.3%
Service
17.5%
Sales & Office
17.3%
Construction / Maint.
12.1%
Production / Transport
12.8%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 1,983 employed workers.
Key Takeaways
- Succession risk is real: 33.6% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
- Low participation: 54.7% labor force participation suggests untapped capacity; workforce development programs may unlock supply.
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 45,868 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Craig County shows strong potential for private households attraction, with a 5.96x concentration and 6 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 33.6% of the working-age population within 10 years of retirement age.
The interconnected base across private households, social assistance, and repair and maintenance creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Craig County, Virginia, from federal data sources.
What is the population of Craig County, Virginia?
4,856 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Craig County, Virginia?
$69,057 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Craig County, Virginia?
3.6% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Craig County, Virginia?
$152M (U.S. Bureau of Economic Analysis, CAGDP1).
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