Places/VA/Tazewell County, VA
County profile

Tazewell County, VA

United States · GDP 2024
#1410 of 3,127 US counties by GDP27th-percentile growthmore diversified than 54% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$1.7B
BEA · 2024
GDP growth (YoY)
+1.7%
BEA · 2024
Jobs tracked
11,435
Census CBP · 2023
Employers
895
Census CBP · 2023
Avg. wage
$44.7k
BLS QCEW · 2023
Population
38,635
Census PEP · 2025
Labor, income & education
Unemployment
5.4%
Median HH income
$47.3k±$3.5k
Bachelor's degree+
16.6%±1.6%
Poverty rate
18.5%±2.1%
Business applications
369 · 2025
Retail establishments
172
44.1/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1First Community Bankshares, Inc.Financial Services

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
Retail trade33%
Health care27%
Food & accommodation14%
Manufacturing11%
Construction8%
Finance & insurance7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
38,635
residents · 2025 · -4.4% since 2020
Income per capita $51.6k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration+292
International migration+28
Natural change2,082

GDP trend

20192024 · nominal
$1.2B
2019
$1.2B
2020
$1.3B
2021
$1.5B
2022
$1.7B
2023
$1.7B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$118.3k±$5.3k
Median gross rent
$795/mo±$71/mo
Vacancy rate
17.6%±2.2%
Affordability
2.6× wages
Residential permits
$2.6M
15 units · 0.4/1k pop
FEMA risk score
60.2
HUD Fair Market Rent (2BR):$914/mo · 2026
TOP PERILS · FEMA NRI
Landslide 93Cold wave 75Avalanche 68
FHFA HOUSE PRICE INDEX · 20162025
169
2016
164
2017
172
2018
172
2019
176
2020
181
2021
212
2022
208
2023
223
2024
238
2025
RESIDENTIAL PERMITS · 20212025
114% since 2021
7
2021
7
2022
11
2023
4
2024
15
2025

Transport access

BTS · FAA · USACE
Nearest interstate
31.1 km
I-81
Nearest freight rail
0.2 km
NS
Nearest port
115.1 km
ELKHEM METALS CO., ALLOY DOCK
Nearest commercial airport
83.1 km
RALEIGH COUNTY MEML
Wage trend
BLS QCEW · 20192023
$44.7k
avg. annual pay · +24% since 2019
The read

What is the GDP of Tazewell?

Tazewell's economy produced $1.7B in 2024, growing 1.7% year over yearslower than 73% of 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.