1st Advantage MortgageThe median Floyd County household earns $62,191, and 10% of residents live below the poverty line. Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Virginia before sharing details.
On this page
- Getting oriented in Floyd County
- Employment and commuting in Floyd County
- What Floyd County households earn
- Housing costs in Floyd County
- Floyd County towns compared
- How Floyd County compares with nearby counties
- Debt-to-income at Floyd County's medians
- Borrowing situations common in Floyd County
- More Floyd County figures
- Virginia rules that apply in Floyd County
- Checklist for Floyd County applicants
- Nearby and statewide guides
- Frequently asked questions
Getting oriented in Floyd County
Roughly 15,593 residents live in Floyd County, Virginia, 96th by population among the state's 133 counties and county equivalents. Spread over 381 square miles, that works out to roughly 40.9 residents per square mile. For statistical purposes it belongs to the Blacksburg-Christiansburg-Radford, VA metro area, as delineated by the Office of Management and Budget in July 2023. The Census Bureau counts 1 place in the county (1 incorporated, 0 census-designated); the largest is Floyd, with about 479 residents, or 3% of the county.
Employment and commuting in Floyd County
Education and health care employs 26% of working residents, the largest share; manufacturing is next with 17%. Manufacturing stands out: 17% of workers here, versus 7% statewide. The survey's unemployment rate for Floyd County averages 3.6% over 2020 to 2024 (state: 4.3%). 28% of commuters travel 45 minutes or more each way, and 12% work from home. Households without a car make up 5.3% of the total (6.1% statewide).
| Top industries | Floyd County share | +/- vs Virginia |
|---|---|---|
| Education and health care | 25.6% | +3.3 pts |
| Manufacturing | 17.2% | +10.2 pts |
| Construction | 11.3% | +4.7 pts |
| Retail trade | 10.8% | +1.0 pts |
| Arts, lodging and food service | 8.0% | +0.1 pts |
| Professional and administrative services | 7.2% | -9.6 pts |
Where long drives are the norm, a car repair is one of the most common surprise bills. A small repair fund can keep a breakdown from turning into a loan.
What Floyd County households earn
The median household income in Floyd County is $62,191; statewide it is $93,170, so Floyd County runs 33% below Virginia as a whole. In the state ranking that is 87th of 133.
| Band | Floyd County | Compared with Virginia |
|---|---|---|
| Under $35,000 | 27.9% | +10.0 pts |
| $35,000 to $99,999 | 44.5% | +9.3 pts |
| $100,000 to $199,999 | 21.8% | -7.4 pts |
| $200,000 or more | 5.9% | -11.8 pts |
About 28% of households earn under $35,000, while 28% clear $100,000. Census counts 9.8% of Floyd County residents in poverty, against 9.9% across Virginia. If your income is irregular, as it often is with tips, gig work or seasonal jobs, plan around your leaner months rather than the Floyd County median.
Housing costs in Floyd County
A typical Floyd County rental runs $878 a month including utilities, which is 44% below Virginia. Rent takes 30% or more of income for 38% of renter households here. Home values center on $225,400, or 3.6 years of median income. 84% of Floyd County households own their home and 16% rent. Half the housing stock was built before 1987.
| Measure | Floyd County | Virginia | Median U.S. county |
|---|---|---|---|
| Median gross rent | $878/mo | $1,579/mo | $877/mo |
| Median home value | $225,400 | $383,700 | $185,300 |
| Owners | 84% | 67% | 75% |
| Rent-burdened renters | 38% | 49% | 45% |
| Burdened owners | 18% | 25% | n/a |
| Mobile homes | 18.6% | 4.3% | n/a |
| Vacant units | 17% | 9% | n/a |
In an owner-heavy county like Floyd County, many borrowers can also choose a home equity loan or line of credit. Those can price lower but put the house on the line, so compare the two in writing; our personal loan vs. HELOC guide walks through it.
Floyd County towns compared
Just one Census place, Floyd, lies mainly within Floyd County; it holds about 479 people. This guide covers each of the 1 places and the rural areas around them.
| Place | Type | Population | Median income | Median rent | From county center |
|---|---|---|---|---|---|
| Floyd | town | 479 | $62,688 | $827 | 2 mi |
How Floyd County compares with nearby counties
The six counties whose centers lie closest to Floyd County's, from 17 to 26 miles away. Montgomery County leads the group on income ($72,715), Patrick County trails ($53,038), and Floyd County out-earns 4 of the six.
| Adjacent area | How far | HH income (median) | Rent (median) | Owner share |
|---|---|---|---|---|
| Floyd County | - | $62,191 | $878/mo | 84% |
| Montgomery County, VA | 17 mi | $72,715 | $1,240/mo | 55% |
| Radford city, VA | 17 mi | $57,348 | $1,033/mo | 42% |
| Patrick County, VA | 19 mi | $53,038 | $716/mo | 77% |
| Pulaski County, VA | 22 mi | $62,028 | $813/mo | 73% |
| Carroll County, VA | 25 mi | $54,484 | $738/mo | 77% |
| Franklin County, VA | 26 mi | $68,849 | $829/mo | 78% |
Debt-to-income at Floyd County's medians
Here is the Floyd County median household run through a simple DTI check. Your numbers will differ.
- $5,183 a month: gross income for a household at the Floyd County median
- Rent at the median, $878, takes 17% of that
- At 35%, room after rent is $936 a month
- $1,454: what a 45% ratio leaves once rent is paid
If your rent is above $878, the room shrinks dollar for dollar.
Borrowing situations common in Floyd County
A few patterns in the Floyd County data, and the practical point behind each:
- Commuter costs. 28% drive 45 minutes or more. Compare shop financing with a loan, and keep a small repair fund.
- Repairs on manufactured housing. With 19% of homes here, compare a personal loan with any dealer or park repair program.
- Older households. A 48.1 median age means fixed-income borrowing is common; a fixed payment and short term limit risk.
More Floyd County figures
College graduates make up 24% of the adult population. 7.3% of residents have no health coverage.
| Residents | Floyd County | Virginia | Middle U.S. county |
|---|---|---|---|
| Median age | 48.1 | 39.0 | 41.5 |
| Bachelor's or higher | 24.4% | 42.2% | 22.2% |
| No high school diploma | 9.0% | 8.4% | n/a |
| No health insurance | 7.3% | 6.9% | 7.8% |
| No vehicle | 5.3% | 6.1% | 5.4% |
| Work from home | 11.7% | 18.3% | 8.7% |
| Poverty rate | 9.8% | 9.9% | 13.2% |
| Unemployment (ACS) | 3.6% | 4.3% | 4.4% |
| Commute length | Floyd County |
|---|---|
| Under 15 min | 22.1% |
| 15 to 29 min | 30.2% |
| 30 to 44 min | 19.7% |
| 45 to 59 min | 13.9% |
| 60+ min | 14.1% |
Virginia rules that apply in Floyd County
Licensing happens at the state level, so a lender working with Floyd County borrowers answers to the Virginia Bureau of Financial Institutions. Federal complaints: consumerfinance.gov. See the Virginia state guide for the statewide picture.
Checklist for Floyd County applicants
Quick steps for Floyd County:
- Borrow the amount the job needs; extra cash adds interest.
- Shop at least three lenders, including one Floyd County-area credit union.
- A Virginia license check takes minutes; do it first.
- Read the final agreement; it must match the offer.
Nearby and statewide guides
The Virginia guide covers the whole state.
Frequently asked questions
Is Floyd County a high-income county?
Its $62,191 median ranks 87th of 133 Virginia counties and compares with $65,681 for the median U.S. county.
How much is rent in Floyd County?
Median gross rent, utilities included, is $878 a month; 38% of renters spend 30% or more of income on it.
Which towns does the Floyd County guide cover?
Every community in the county, unincorporated areas included. The largest of its 1 Census places: Floyd.
Will a Floyd County address affect my match?
Beyond confirming Virginia as your state, no. Your answers about amount, credit, income and payments are all that count.
Who regulates personal lenders for Floyd County residents?
The Virginia Bureau of Financial Institutions licenses consumer lenders in Virginia; the CFPB takes complaints about any lender, and the FTC wants to hear about fee-first offers.