Workforce Data

Employment

Unemployment
Unemployment Rate (August 2018)
Franklin County 3.1%
Extended Labor Market Area 3.4%
Statewide 3.1%
Unemployed (2017)
Franklin County 1,039
Extended Labor Market Area 13,407
Total 14,446
Underemployed (2nd Quarter 2018)
Franklin County    1,113
Extended Labor Market Area 25,704
Total 26,817

 

Population

Franklin County Virginia United States
Under 5 Years 3,144 509, 625 20,201,362
5 to 9 Years 3,131 511,849 20,348,657
10 to 14 Years 3,243 511,246 20,677,194
15 to 19 Years 3,863 550,965 20,040343
20 to 24 Years 3,155 572,091 21,585,999
25 to 29 Years 2,631 564,342 21,101,849
30 to 34 Years 2,691 526,077 19,962,099
35 to 39 Years 3,246 540,063 20,179,642
40 to 44 Years 3,720 568,865 20,890,964
45 to 49 Years 4,362 621,155 22,708,591
50 to 54 Years 4,503 592,845 22,298,125
55 to 59 Years 4,268 512,595 19,664,805
60 to 64 Years 4,325 442,369 16,817,924
65 to 69 Years 3,531 320,302 12,435,263
70 to 74 Years 2,445 229,502 9,278,166
75 to 79 Years 1,794 173,929 7,317,795
80 to 84 Years 1,155 130,801 5,743,327
85 years and over 952 122,403 5,493,433
56,159 8,001,024 308,745,538

Source: 2010 Census

 

Population By Gender
Franklin County Virginia United States
Male 27,706 3,925,983 151,781326
Female 28,453 4,075,041 156,964,212
56,159 8,001,024 308,745,538

Source: 2010 Census

 

Population Change
Franklin County % Change Virginia % Change
2000 47,286 7,079,030
2010 56,159 18.76% 8,001,024 13.02%
2020 62,412 11.13% 8,811,512 10.13%
2030 68,461 9.69% 9,645,281 9.46%
2040 74,695 9.11% 10,530,229 9.17%

Source: U.S. Census Bureau, Virginia Employment Commission

Race/Ethnicity

Franklin County Virginia United States
Total
Total Population 56,195 8,001,024 308,745,538
Race
White 49,699 5,486,852 223,553,265
Black or African American 4,575 1,551,399 38,929,319
American Indian or Alaska Native 150 29,225 2,932,248
Asian 252 439,890 14,674,252
Native Hawaiian/Pacific Islander 15 5,980 540,013
Other 781 254,278 19,107,368
Multiple Races 687 233,400 9,009,073
Ethnicity
Not Hispanic or Latino (of any race) 54,735 7,369,199 258,267,944
Hispanic or Latino (of any race) 1,424 631,825 50,477,594

Source: 2010 Census

Income

Average Weekly Wage by Industry
Total, All Industries $625
Agriculture, Forestry, Fishing & Hunting $623
Mining, Quarrying, & Oil and Gas Extraction $678
Utilities* N/A
Construction $762
Manufacturing $701
Wholesale Trade $892
Retail Trade $505
Transportation and Warehousing $719
Information $687
Finance and Insurance $908
Real Estate and Rental & Leasing $616
Professional, Scientific & Technical Services $851
Management of Companies & Enterprises $943
Administrative and Support & Waste Management $496
Educational Services* N/A
Health Care and Social Assistance $616
Arts, Entertainment & Recreation $400
Accommodation and Food Service $268
Other Services (except Public Administration) $425
Public Administration $793

Source: Virginia Employment Commission, Quarterly Census of Employment and Wages (QCEW), 1st Quarter (January, February, March) 2018

Education

Educational Attainment
On-Time Graduation Rate (Class of 2017) 93.5%
Percentage of Franklin County population age 25+ who are high school graduates (2012-16) 85.4%
Percentage of Franklin County population age 25+ who have earned a Bachelor’s Degree or higher (2012-16) 20.6%

 

Public School Enrollment (Fall 2017)
Level Number Enrollment
Elementary 12 3,539
Middle 1 1,611
High School 1 2,120

 

Student Teacher Ratio (FY2017)
Elementary 12:1
Secondary 12:1

 

Per Pupil Expenditure (FY 2017)
$11,260.00

 

On-Time Graduation Rate (Class of 2017)
93.5%

 

High School Graduation Continuing Education (2016-17)
75.0%

 

Advanced Programs (2016-17)
Governor’s School
Roanoke Valley Governor’s School for Science & Technology
Governor’s School Enrollment 29
Student’s taking 1 or more Advanced Placement (AP) Courses *
Students taking 1 or more AP Exams 216
Students taking 1 or more Dual Enrollment Courses 379

Source: Virginia Department of Education, Advanced Programs Participation Report (Compiled on 09/13/2017)

 

Workforce Development Facilities
Facility Type
Franklin Center for Advanced Learning & Enterprise Satellite Center
Goodwill Industries Jobs Campus Satellite Center
Roanoke Valley Workforce Center Comprehensive Center
Workforce Center – Covington Satellite Center

 

Higher Education Facilities – Fall 2017
Facility Enrollment
Virginia Western Community College  7,271
Patrick Henry Community College  2,263
Roanoke College 2,047
Ferrum College  1,130
Jefferson College of Health Sciences  1,151
Edward Via College of Osteopathic Medicine 855
Hollins University 790
New College Institute *
American National University – Roanoke Campus 1,090◊
American National University – Martinsville Campus 1,090‡◊
Roanoke Higher Education Center *
Virginia Tech Carilion School of Medicine 164
ITT Technical Institute +
Miller-Motte Technical Center – Roanoke Campus 256◊
Skyline College – Roanoke Campus +

*Enrollment figures are included in participating colleges and universities

+Enrollment figures are not available

Healthcare

Carilion Clinic has a network of hospitals, primary care centers, outpatient facilities, and urgent care facilities located throughout southwestern Virginia.

Located in the town of Rocky Mount, Carilion Franklin Memorial Hospital is a modern, 37-bed facility offering 24-hour emergency care, MRI, CT and ultrasound diagnostics, intensive care services, nephrology and dialysis care, physical, occupational and speech therapies, respiratory and cardiac care, home health and hospice care, inpatient and outpatient surgeries including endoscopy and advanced laparoscopy, and vascular lab services.

Carilion Roanoke Memorial Hospital (CRMH) is the only Level I Trauma Center in the area. Carilion also offers an urgent care center near Smith Mountain Lake.

Cost of Living

A low cost of living is important to individuals and businesses. It means lower bills and less money spent on an operating budget. Compared to other areas competing for your business, you cannot beat the Roanoke Region when it comes to affordability. Compare costs for yourself with this cost of living analyzer.

Cost of Living Index: Nationwide
Region Index
Boston, MA 149.8
Washington, D.C./Northern VA 140.8
Newark, NJ 123.4
Chicago, IL 121.5
National Average 100
Chattanooga, TN 97.3
Charlotte, NC 95.9
Richmond, VA 94.6
Roanoke Region 87.7

Source: ACCRA, 2nd Quarter 2018

Cost of Living Index: Virginia
Market COLI
Washington, D.C./Northern VA 140.8
Virginia Beach-Norfolk-Newport News 97.2
Winchester 96.8
Richmond 94.6
Lynchburg 85.9
Roanoke 87.7

Source: ACCRA, 2nd Quarter 2018

The cost of living in the Roanoke region is 12.3 percent below the national average. Grocery and housing costs are both significantly lower than the national average. See below for Roanoke’s overall index value as well as subindex values for grocery, housing, utilities, transportation, health care, and miscellaneous goods and services.   

The national average value is 100 for each index value.

Cost of Living Index, 2014 Annual Series
Roanoke
Overall 91.4
Grocery 91.2
Housing 89.8
Utilities 98.7
Transportation 91.4
Health Care 96.8
Misc. 98.9

Source: COLI Index, 2014 Annual Series

 

 

Commuting

Commute Time (2012-16)
Worked from home 1,297 5.2%
Under 15 minutes 5,227 22.1%
15-24 minutes 5,629 23.8%
25-34 minutes 4,896 20.7%
35-44 minutes 2,129 9.0%
45-59 minutes 3,051 12.9%
Over 60 minutes 2,744 11.6%
Mean Travel Time to Work (minutes) 30