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Roanoke Area Economic Data

 

 

Roanoke City

MSA

Percent City of MSA

Virginia

Percent City of Va

1992

$20,256

$20,950

96.7%

$21,280

95.2%

1993

$21,094

$21,940

96.1%

$22,133

95.3%

1994

$21,587

$22,590

95.6%

$23,031

93.7%

1995

$22,733

$24,003

94.7%

$23,943

94.9%

1996

$24,031

$25,085

95.8%

$24,950

96.3%

1997

$25,169

$26,182

96.1%

$26,109

96.4%

 

Source: Bureau of Economic Analysis

 

Price Adjusted 1996 Real Per Capita Personal Income:

Virginia Rank by Real Income

National Rank by Real Income

Metropolitan Area

Real Per Capita Personal Income

Ratio of MSA Income to US Real Per Capita

1

11

Roanoke

$27,445

1.23

2

28

Richmond

$26,188

1.19

3

30

Northern Virginia

$25,818

1.16

4

106

Lynchburg

$22,065

.99

5

117

Norfolk-Virginia Beach

$21,636

.97

6

161

Bristol

$20,443

.92

Source: Study by Gilbert R Yochum and Vinod B Agarwal, Old Dominion University

 

MEDIAN INCOME

1989

Median Family

$34,942

$43,425

Median Household

$28,944

$35,971

Source: Bureau of the Census

 

Local Economic Diversity:

Roanoke MSA
Fourth Quarter, 1997

Economic
Category

# of
Establishments

Percent
of Total

Number
Employed

TOTAL

6,793

100%

138,347

100%

Agriculture

119

1.8%

944

.7%

Government

230

3.4%

18,024

13.0%

Manufacturing

291

4.3%

19,284

13.9%

Mining

10

.1%

381

.3%

Trade

2,115

31.1%

37,374

27.0%

FIRE*

626

9.2%

9,074

6.6%

Transportation

264

3.9%

6,801

4.9%

Construction

780

11.5%

8,239

6.0%

Services

2,357

34.7%

38,224

27.6%

*FIRE=Finance, Insurance and Real Estate

Source: VEC

 

Cost of Living:

City of Roanoke
Second Quarter, 1999

Category

Composite Index

93.2

Grocery Items

93.6

Housing

94.2

Utilities

82.4

Transportation

86.4

Health Care

94.2

Miscellaneous

96.7

Source: American Chamber of Commerce Researchers Association (ACCRA) *Average index for the United States = 100.