Places/VA/Roanoke (Independent City) city, VA
County profile

Roanoke (Independent City) city, VA

United States · GDP 2024
#436 of 3,127 US counties by GDP64th-percentile growthmore diversified than 77% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$10.1B
BEA · 2024
GDP growth (YoY)
+5.6%
BEA · 2024
Jobs tracked
66,628
Census CBP · 2023
Employers
3,151
Census CBP · 2023
Avg. wage
$59.9k
BLS QCEW · 2023
Population
99,111
Census PEP · 2025
Labor, income & education
Unemployment
4.2%
Median HH income
$55.4k±$2.4k
Bachelor's degree+
30.0%±1.7%
Poverty rate
18.3%±1.7%
Business applications
1,407 · 2025
Retail establishments
532
53.9/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Luna Innovations IncorporatedTechnology$109.5M2RGC Resources, Inc.Utilities$93.9M54D3Optical Cable CorporationTechnology$73.0M67B

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
Health care38%
Retail trade21%
Food & accommodation13%
Management11%
Manufacturing9%
Transportation9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
99,111
residents · 2025 · -0.8% since 2020
Income per capita $59.1k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration2,646
International migration+2,701
Natural change805

GDP trend

20192024 · nominal
$7.4B
2019
$7.5B
2020
$8.3B
2021
$8.8B
2022
$9.5B
2023
$10.1B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$190.5k±$6.5k
Median gross rent
$996/mo±$30/mo
Vacancy rate
11.3%±1.3%
Affordability
3.2× wages
Residential permits
$60.0M
410 units · 4.1/1k pop
FEMA risk score
72.9
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 89Lightning 81Earthquake 75
FHFA HOUSE PRICE INDEX · 20162025
456
2016
475
2017
490
2018
514
2019
538
2020
604
2021
703
2022
756
2023
832
2024
872
2025
RESIDENTIAL PERMITS · 20212025
4% since 2021
393
2021
377
2022
107
2023
113
2024
410
2025

Transport access

BTS · FAA · USACE
Nearest interstate
1.5 km
I-581
Nearest freight rail
0.6 km
NS
Nearest port
150.3 km
ELKHEM METALS CO., ALLOY DOCK
Nearest commercial airport
5.1 km
ROANOKE/BLACKSBURG RGNL (WOODRUM FLD)
Wage trend
BLS QCEW · 20192023
$59.9k
avg. annual pay · +24% since 2019
The read

What is the GDP of Roanoke (Independent City)?

Roanoke (Independent City)'s economy produced $10.1B in 2024, growing 5.6% year over yearfaster than most US counties. Its largest employment sector is health care.

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.