Radford County · Virginia · South · 17k residents
Radford, VA: economy, jobs & business costs
The site-selection read on Radford: 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 $1,540/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Radford side by side
Avg. weekly wage
$1,540/wk
Corporate income tax
6%
Bachelor's degree or higher
37.9%
Commercial electricity
8.7¢/kWh
Economic momentum
How fast Radford's economy is moving, ranked against the US cities we track.
14/100
Cooling
Ranks Radford's residential building-permit 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 | $220,700 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $687/mo |
| 2-bedroom rent | $1,045/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,540/wk |
| Bachelor's degree or higher | 37.9% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | — |
| 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 | 87 |
| 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 | $57,348 |
| Unemployment rate | 2.9% |
| Population | 17k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | — |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 84°F |
| January low | 23°F |
| Annual snowfall | — |
| Home price YoY | +3.2% |
| Home price MoM | 0.0% |
| Rent YoY | +6.1% |
| Rent MoM | +0.6% |
| Employment (jobs) YoY | — |
| Building permits YoY | -53.6% |
| Ocean coast | 254 mi |
| Big lake | 54 mi |
| Mountains | 63 mi |
| Major airport | 80 mi |
| Ski resort | 94 mi |
Popular comparisons
Nearby
- Christiansburg, VA · 23k
- Blacksburg, VA · 45k
- Salem, VA · 26k
- Roanoke, VA · 98k
- Cave Spring, VA · 26k
Similar size
- Fort Hunt, VA · 17k
- Manassas Park, VA · 17k
- Bristol, VA · 17k
- Stone Ridge, VA · 17k
- Bull Run CDP (Prince William County), VA · 17k
Real listings in Radford
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Radford a good place to run a business?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,540/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 Radford, VA?
- Radford indexes at 87 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,045/mo and a acs median home value of $220,700.
- How much does a house cost in Radford?
- The acs median home value in Radford is $220,700 (Census ACS estimate; individual listings vary).
- How much is rent in Radford?
- A two-bedroom in Radford rents for about $1,045/mo.