Montgomery County

Business and Economy in Blacksburg, VA

Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Blacksburg, VA, is $31,936, and check out the following articles to get an inside look at its key industries and job opportunities.

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    Kevin Young

    Businesses in Blacksburg, VA

    Blacksburg, VA's businesses range from outdoor recreation companies all the way to technology giants.

Employment Overview

While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Blacksburg’s economy.

Employment Rate in Montgomery County, VA

  Employed 96.1%
  Unemployed 3.9%

Occupations in Blacksburg, VA

Employment in Blacksburg, VA

Employment Armed Forces 0.1%
Employment Civilian Labor Force 50.7%
Employment Not in Labor Force 49.3%
Employment Total in Labor Force 50.7%

Industry in Blacksburg, VA

Agriculture, Forestry, Fishing and Hunting and Mining 0.7%
Construction 1.5%
Manufacturing 3%
Wholesale Trade 0.6%
Retail Trade 10.9%
Transportation and Warehousing, and Utilities 1.3%
Information 1%
Finance and Insurance, and Real Estate and Rental and Leasing 2.2%
Professional, Scientific and Management and Administrative and Waste 9%
Educational Services and Health Care and Social Assistance 49.6%
Arts, Entertainment and recreation and Accommodation and food Services 16.6%
Other Services, Except Public Administration 2.4%
Public Administration 1.3%