Montgomery County · Virginia · South · 45k residents
Blacksburg, VA: economy, jobs & business costs
The site-selection read on Blacksburg: labor costs, talent, corporate tax, energy, and business activity, with the Virginia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,194/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Blacksburg side by side
Avg. weekly wage
$1,194/wk
Corporate income tax
6%
Bachelor's degree or higher
69.2%
Commercial electricity
8.7¢/kWh
Economic momentum
How fast Blacksburg's economy is moving, ranked against the US cities we track.
51/100
Steady
Ranks Blacksburg's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $446,300 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $1,076/mo |
| 2-bedroom rent | $1,300/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,194/wk |
| Bachelor's degree or higher | 69.2% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | 26.0/1k |
| Wage: Software developer | $111,630 |
| Wage: Registered nurse | $81,230 |
| Wage: General manager | $97,480 |
| Wage: Customer service | $37,430 |
| Wage: Warehouse worker | $34,880 |
| Wage: Heavy truck driver | $53,980 |
| Wage: Electrician | $62,490 |
| Wage: Retail salesperson | $31,780 |
| Cost of living index | 103 |
| Groceries index | 100 |
| Utilities | $175/mo |
| Transit pass | $70/mo |
| Gas price | $3.15/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,250/mo |
| Median household income | $50,182 |
| Unemployment rate | 2.9% |
| Population | 45k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | 48/100 |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 82°F |
| January low | 22°F |
| Annual snowfall | 25 in |
| Home price YoY | +2.5% |
| Home price MoM | +0.2% |
| Rent YoY | +4.1% |
| Rent MoM | +0.6% |
| Employment (jobs) YoY | +1.5% |
| Building permits YoY | -56.7% |
| Ocean coast | 247 mi |
| Big lake | 46 mi |
| Mountains | 73 mi |
| Major airport | 83 mi |
| Ski resort | 85 mi |
Popular comparisons
Nearby
- Christiansburg, VA · 23k
- Radford, VA · 17k
- Salem, VA · 26k
- Roanoke, VA · 98k
- Cave Spring, VA · 26k
Similar size
- Charlottesville, VA · 45k
- Ashburn, VA · 46k
- Lake Ridge, VA · 46k
- Burke, VA · 44k
- Woodbridge, VA · 44k
Real listings in Blacksburg
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Blacksburg a good place to run a business?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,194/wk; commercial electricity averages 8.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Blacksburg, VA?
- Blacksburg indexes at 103 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,300/mo and a acs median home value of $446,300.
- How much does a house cost in Blacksburg?
- The acs median home value in Blacksburg is $446,300 (Census ACS estimate; individual listings vary).
- How much is rent in Blacksburg?
- A two-bedroom in Blacksburg rents for about $1,300/mo.