Ferrum, VA

Census Place

2024 Population

1,774

US Senator

Mark Warner

Democratic Party

US Senator

Tim Kaine

Democratic Party

2024 Median Age

21.8

1.4% 1-year increase

2024 Poverty Rate

37.1%

5.89% 1-year increase

2024 Median Household Income

$40,435

27.4% 1-year growth

2024 Median Property Value

$188,900

Population & Diversity

Ferrum, VA is home to a population of 1.77k people, from which 99.9% are citizens.

As of 2024, 0.62% of Ferrum, VA residents were born outside of the country (11 people).

In 2024, there were 4.02 times more White (Non-Hispanic) residents (1.34k people) in Ferrum, VA than any other race or ethnicity. There were 332 Black or African American (Non-Hispanic) and 70 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.9%

2024 Citizenship

99.5%

2023 Citizenship

As of 2024, 99.9% of Ferrum, VA residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Ferrum, VA was 99.5%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Ferrum, VA compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Ferrum, VA

White (Non-Hispanic)
1.34k ± 382
Black or African American (Non-Hispanic)
332 ± 123
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
70 ± 56

1.86%

Hispanic Population

33 people

1.86% of the people in Ferrum, VA are hispanic (33 people).

The following chart shows the 8 races represented in Ferrum, VA as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Virginia.

Most Common Origin

El Salvador
108,778 ± 8,047 people
India
98,440 ± 7,659 people
Mexico
58,677 ± 5,927 people

In 2024, the most common birthplace for the foreign-born residents of Virginia was El Salvador, the natal country of 108,778 Virginia residents, followed by India with 98,440 and Mexico with 58,677.

Foreign-Born Population

0.62%

2024 Foreign-Born Population

11 people

0.493%

2023 Foreign-Born Population

8 people

As of 2024, 0.62% of Ferrum, VA residents (11 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Ferrum, VA was 0.493%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Ferrum, VA compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
22 ± 38
Vietnam
10 ± 24

Ferrum, VA has a large population of military personnel who served in Gulf War (2001-), 2.2 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Ferrum, VA.

Economy

The economy of Ferrum, VA employs 777 people. In 2024, the largest industries in Ferrum, VA were Educational Services (229 people), Retail Trade (129 people), and Accommodation & Food Services (72 people), and the highest paying industries were Construction ($93,482), Manufacturing ($30,761), and Retail Trade ($27,989).

Employment

Occupations

777

2024 Value

± 194

4.44%

1 Year growth

± 35.8%

From 2023 to 2024, employment in Ferrum, VA grew at a rate of 4.44%, from 744 employees to 777 employees.

The most common job groups, by number of people living in Ferrum, VA, are Sales & Related Occupations (160 people), Education Instruction, & Library Occupations (74 people), and Food Preparation & Serving Related Occupations (66 people). This chart illustrates the share breakdown of the primary jobs held by residents of Ferrum, VA.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Virginia.

This chart shows weekly unemployment insurance claims in Virginia (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

777

2024 Value

± 194

4.44%

1 Year growth

± 35.8%

From 2023 to 2024, employment in Ferrum, VA grew at a rate of 4.44%, from 744 employees to 777 employees.

The most common employment sectors for those who live in Ferrum, VA, are Educational Services (229 people), Retail Trade (129 people), and Accommodation & Food Services (72 people). This chart shows the share breakdown of the primary industries for residents of Ferrum, VA, though some of these residents may live in Ferrum, VA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$24,659

Median earning men ± $26,232

$10,273

Median earning women ± $8,085

The industries with the best median earnings for men in 2024 are Construction ($93,482), Retail Trade ($40,326), and Manufacturing ($30,761).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($36,375), Professional, Scientific, & Management, & Administrative & Waste Management Services ($10,000), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($6,215).

Education

The student population of Ferrum, VA in 2024 is skewed towards men, with 449 male students and 314 female students.

Most students graduating from Universities in Ferrum, VA are White (81 and 57.4%), Black or African American (28 and 19.9%), Unknown (13 and 9.22%), and Hispanic or Latino (11 and 7.8%).

The largest universities in Ferrum, VA by number of degrees awarded are Ferrum College (145 and 100%).

The most popular majors in Ferrum, VA are Other Health Preparatory Programs (16 and 11%), Physical Education Teaching & Coaching (14 and 9.66%), and General Studies (13 and 8.97%).

The median tuition cost for private four year colleges is $27,370.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2024 in Ferrum, VA, the percentage of applicants admitted was 89%, while the percentage of admitted who enrolled was 11.5%. The number of students enrolled in 2024 was 763 (58.8% men and 41.2% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Enrollments by Gender and Races

Universities

In 2024 there were 763 students enrolled in Ferrum, VA, 58.8% men and 41.2% women.

By race, the largest number of students enrolled was concentrated in White with 383 records, of which 49.1% were women and 50.9% men.

Completions

Concentrations

Most Common

Other Health Preparatory Programs
16 degrees awarded
General Studies
13 degrees awarded
Criminal Justice - Safety Studies
11 degrees awarded

In 2024, the most common concentation for Bachelors Degree recipients in Ferrum, VA was Other Health Preparatory Programs with 16 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Ferrum, VA according to their major.

Universities

Gender

Race

Ferrum College

Largest Universities by degrees awarded

145 degrees awarded

In 2024, the institution with the largest number of graduating students was Ferrum College with 145 degrees awarded.

Student Diversity

University

In 2024, 74 men were awarded degrees from institutions in Ferrum, VA, which is 1.04 times more than the 71 female students who received degrees in the same year.

In 2024, the most common race/ethnicity group awarded degrees at institutions was White students. These 81 degrees mean that there were 2.89 times more degrees awarded to White students then the next closest race/ethnicity group, Black or African American, with 28 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Private not-for-profit, 4-year or above ($27,370) is the sector with the highest median state tuition in 2024.

Private not-for-profit, 4-year or above ($1,010) is the sector with the highest median state fee in 2024.

Private not-for-profit, 4-year or above ($1,000) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Housing & Living

The median property value in Ferrum, VA was $188,900 in 2024, which is 0.568 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $202,500 to $188,900, a 6.72% decrease. The homeownership rate in Ferrum, VA is 69.5%, which is higher than the national average of 65.2%.

People in Ferrum, VA have an average commute time of 23.5 minutes, and they drove alone to work. Car ownership in Ferrum, VA is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$188,900

Median Property Value 2024

±$90,574

$282

Median Property Taxes

±$125

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Ferrum, VA the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Ferrum, VA compared to it's parent and neighbor geographies.

Rent vs Own

69.5%

Homeownership

2024

68.2%

Homeowners with Mortgage

2024

In 2024, 69.5% of the housing units in Ferrum, VA were occupied by their owner. This percentage grew from the previous year's rate of 64.9%.

This chart shows the percentage of owner in Ferrum, VA compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$40,435

Median Household Income

± $19,996

406

Number of Households

± 150

In 2024, the median household income of the 406 households in Ferrum, VA grew to $40,435 from the previous year's value of $31,750.

The following chart displays the households in Ferrum, VA distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $20k - $25k range.

Wage Distribution

The closest comparable wage GINI for Ferrum, VA is from Virginia.

0.47

2024 Wage GINI in Virginia

0.472

2023 Wage GINI in Virginia

In 2024, the income inequality in Virginia was 0.47 according to the GINI calculation of the wage distribution. Income inequality had a 0.376% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Virginia was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Virginia in comparison to the national average.

This chart shows the number of workers in Virginia across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (46.5%)
Worked At Home (23.1%)
Walked (18%)

In 2024, 46.5% of workers in Ferrum, VA drove alone to work, followed by those who worked at home (23.1%) and those who walked to work (18%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

23.5 minutes

Average Travel Time

Using averages, employees in Ferrum, VA have a shorter commute time (23.5 minutes) than the normal US worker (26.4 minutes). Additionally, 3.42% of the workforce in Ferrum, VA have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Ferrum, VA compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Ferrum, VA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Ferrum, VA have 2 cars.

Poverty

Poverty & Diversity

37.1% of the population for whom poverty status is determined in Ferrum, VA (359 out of 967 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 55 - 64, followed by Females 55 - 64 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Ferrum, VA is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Keep Exploring