ExecutivePulse
Official Federal Data

Roanoke city, Virginia

FIPS 51770 · Roanoke, VA · Population 98,355
9 Sources Updated June 22, 2026
$55,378
Median Income
$80,734 national
3.6%
Unemployment
4% national
$10.1B
GDP
30%
Bachelor's+
35.7% national

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
$55,378
Per Capita
$36,576
Mean Household
$80,578
Poverty Rate
18.3%
Median Income Comparison
Roanoke city$55,378
Virginia$93,170
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 17.8% (17,466 residents) 55-64: 12.4% (12,177 residents) 35-54: 24.8% (24,385 residents) 18-34: 22.4% (22,073 residents) Under 18: 22.6% (22,254 residents) 38 Median Age
Cohorts
Under 18 · 22.6%
18-34 · 22.4%
35-54 · 24.8%
55-64 · 12.4%
65+ · 17.8%
Race & Ethnicity
White56.8%
Black or African American27.9%
Asian3.1%
Hispanic or Latino(any race)9%
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+
89.7%
High School+
National: 89.6%
▲ +0.1 pts
30%
Bachelor's+
National: 35.7%
▼ 5.7 pts
11.5%
Graduate+
National: 14.1%
▼ 2.6 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
98,355
Population
48,625
Labor Force
Employed
45,699
Unemployment Rate BLS LAUS 2025 annual
3.6% ▲ +0.3 pts YoY
Mean Commute 7 min below national avg
19.0 min
Work From Home vs 15.1% national
11.8%
Key Takeaways
  • Income gap: Households earn meaningfully less than the national median, which directly affects retail demand, housing absorption, and tax base.
  • Elevated poverty: At 18.3%, the rate is in economically distressed territory and supports federal funding narratives (CDFI, NMTC, EDA).
  • Talent gap: Bachelor's-or-higher attainment trails the national average by 5.7 pts, relevant for advanced-services attraction strategy.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$10.1B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Roanoke city, Virginia, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Health Care and Social Assistance
13,880 28.9%
$79,969
2Retail Trade
6,721 14.0%
$37,173
3Accommodation and Food Services
5,718 11.9%
$26,185
4Construction
4,787 10.0%
$76,464
5Transportation and Warehousing
4,008 8.3%
$56,256
6Management of Companies and Enterprises
3,364 7.0%
$89,220
7Professional, Scientific, and Technical Services
2,850 5.9%
$92,550
8Administrative and Support and Waste Management
2,412 5.0%
$49,984
9Other Services (except Public Administration)
2,218 4.6%
$46,209
10Finance and Insurance
2,107 4.4%
$117,262
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Key Takeaways
  • Largest sector: Health Care and Social Assistance employs 13,880 workers (28.9% of tracked sectors), at an average wage of $79,969.
  • Economic scale: Regional GDP of $10.1B (2024).
  • Wage stratification: Finance and Insurance averages $117,262 while Accommodation and Food Services averages $26,185, a 4.5x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Heavy and Civil Engineering Construction
4.07x
2,051
Management of Companies and Enterprises
3.03x
3,364
Transit and Ground Passenger Transportation
2.04x
490
Museums, Historical Sites, and Similar
1.90x
146
Rental and Leasing Services
1.53x
371
Health and Personal Care Retailers
1.52x
687
Amusement, Gambling, and Recreation Industries
1.52x
1,233

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Management of Companies & Enterprises Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
3,364
Cluster Employment
3.03x
Peak LQ
Concentrated Sub-Sectors
Heavy and Civil Engineering Construction
4.07x 2,051
Management of Companies and Enterprises
3.03x 3,364
Transit and Ground Passenger Transportation
2.04x 490
Museums, Historical Sites, and Similar
1.90x 146
Rental and Leasing Services
1.53x 371
Health and Personal Care Retailers
1.52x 687
Amusement, Gambling, and Recreation Industries
1.52x 1,233

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.17x
Publishing Industries and Telecommunications
65 employed
0.22x
Transportation Equipment Manufacturing
159 employed
0.31x
Telecommunications
79 employed
0.35x
Gasoline Stations and Fuel Dealers
158 employed
0.39x
Educational Services
541 employed
Key Takeaways
  • Top specialization: Heavy and Civil Engineering Construction concentrates at 4.07x the national norm, strong concentration that anchors the local economy and supports supply-chain attraction strategy.
  • Cluster depth: 7 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
  • Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Roanoke city's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$190,500
Median Home Value vs 2019
$996
Rent/Mo
52.4%
Owner-Occ
11.3%
Vacancy
3.4x
Home Value to Income Ratio
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 (~$1,384/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • In line with national: Home value to income ratio of 3.4x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
  • Elevated vacancy: 11.3% 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 (~$1,384/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
58,635
Working Age (18-64) vs 2019
Mean Commute 7 min below national avg
19.0 min
Work From Home vs 15.1% national
11.8%
Prime-Age Employed (25-54)
79.6%
of prime-age population
Labor force participation rate: 63.9% of working-age population (18-64) 64% Participation
▼ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
30%
HS Diploma+
89.7%
Regional / Statewide Institutions
Total credentials awarded
72,277/yr
Liberty University 25,513/yr
George Mason University 10,335/yr
Virginia Polytechnic Institute and State University 10,020/yr
University of Virginia-Main Campus 9,615/yr
Northern Virginia Community College 9,087/yr
Virginia Commonwealth University 7,707/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
20.8%
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
37.6%
Service
18%
Sales & Office
21.3%
Construction / Maint.
7.2%
Production / Transport
15.9%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 45,699 employed workers.
Key Takeaways
  • Short commutes: 19.0-minute mean commute is a quality-of-life and labor-access advantage worth surfacing for site selectors.
  • 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

Roanoke city shows meaningful potential for heavy and civil engineering construction attraction, with a 4.07x concentration and 2,051 jobs in this sub-sector.

The interconnected base across heavy and civil engineering construction, management of companies and enterprises, and transit and ground passenger transportation 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 Roanoke city, Virginia, from federal data sources.

What is the population of Roanoke city, Virginia?

98,355 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Roanoke city, Virginia?

$55,378 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Roanoke city, Virginia?

3.6% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Roanoke city, Virginia?

$10.1B (U.S. Bureau of Economic Analysis, CAGDP1).