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Economic Atlas
Places/VA/Amherst
County profile

Amherst

United States · GDP 2024
#1761 of 3,127 US counties by GDP71st-percentile growthmore diversified than 49% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$1.1B
GDP growth
+6.3%
Jobs tracked
5,959
Employers
553
Avg. wage
$45.0k
Population
31,962
Labor & formation
Unemployment
3.4%
Median HH income
$68.7k±$3.8k
Business applications
341 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Manufacturing29%
Retail trade26%
Food & accommodation13%
Education12%
Health care10%
Construction9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
31,962
residents · 2025 · +2.1% since 2020
Income per capita $48.8k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+1,045
International migration+136
Natural change−545

GDP trend

2019–2024 · nominal
$833.6M
2019
$815.7M
2020
$907.4M
2021
$952.1M
2022
$1.0B
2023
$1.1B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$212.4k±$9.1k
Median gross rent
$871/mo±$71/mo
Vacancy rate
11.6%±2.2%
Affordability
4.7× wages
Residential permits
112 (3.5/1k pop)
FEMA risk score
21.0
HUD Fair Market Rent (2BR):$1.2k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 66Landslide 65Strong wind 57
FHFA HOUSE PRICE INDEX · 2016–2025
173
2016
179
2017
184
2018
190
2019
196
2020
213
2021
248
2022
263
2023
285
2024
289
2025

Transport access

BTS · FAA · USACE
Nearest interstate
28.7 km
I-81
Nearest freight rail
8.8 km
NS
Nearest port
152.2 km
LUCK STONE, RICHMOND QUARRY WHARF
Nearest commercial airport
31.5 km
LYNCHBURG RGNL/PRESTON GLENN FLD
Wage trend
BLS QCEW · 2019–2023
$45.0k
avg. annual pay · +17% since 2019
Similar US counties
nearest by GDP
Lee$1.1BClaiborne$1.1BShelby$1.1BWarren$1.1BBee$1.1BWabasha$1.1B
The read

Amherst's economy produced $1.1B in 2024, growing 6.3% year over year — faster than most US counties. Its largest employment sector is manufacturing.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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