County profile
Russell County, VA
United States · GDP 2024
#1926 of 3,127 US counties by GDP45th-percentile growthmore diversified than 81% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$903.7M
BEA · 2024
GDP growth (YoY)
+3.9%
BEA · 2024
Jobs tracked
5,324
Census CBP · 2023
Employers
436
Census CBP · 2023
Avg. wage
$46.5k
BLS QCEW · 2023
Population
25,332
Census PEP · 2025
Labor, income & education
Unemployment
4.9%
Median HH income
$50.0k±$7.4k
Bachelor's degree+
13.1%±1.8%
Poverty rate
16.7%±2.4%
Business applications
229 · 2025
Retail establishments
74
29.1/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1New Peoples Bankshares, Inc.Financial Services$3.6M50DHQ-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
Retail trade22%
Health care20%
Manufacturing20%
Professional services17%
Food & accommodation12%
Construction9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
25,332
residents · 2025 · -1.7% since 2020
Income per capita $45.3k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+337
International migration+20
Natural change−783
GDP trend
2019–2024 · nominal
$711.5M2019
$725.2M2020
$727.1M2021
$791.8M2022
$869.6M2023
$903.7M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$120.6k±$12.1k
Median gross rent
$653/mo±$50/mo
Vacancy rate
16.4%±2.3%
Affordability
2.6× wages
Residential permits
$3.3M
11 units · 0.4/1k pop
FEMA risk score
36.5
HUD Fair Market Rent (2BR):$914/mo · 2026
TOP PERILS · FEMA NRI
Landslide 95Cold wave 80Avalanche 65
FHFA HOUSE PRICE INDEX · 2016–2025
1202016
1142017
1172018
1212019
1252020
1342021
1412022
1552023
1632024
1792025
RESIDENTIAL PERMITS · 2021–2025
↓ -48% since 2021212021
112022
202023
352024
112025
Transport access
BTS · FAA · USACE
Nearest interstate
27.8 km
I-81
Nearest freight rail
3.6 km
NS
Nearest port
149.8 km
Amherst Industries, Chelyan Dock
Nearest commercial airport
58.1 km
TRI-CITIES
Filing activity
SEC EDGAR2 filings from 1 company here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$46.5k
avg. annual pay · +13% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Russell?
Russell's economy produced $903.7M in 2024, growing 3.9% year over year — about the middle of the pack among US counties. Its largest employment sector is retail trade.
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.