Living in Floyd, Virginia
Cost of living, income, home prices, rent and demographics of Floyd · Census data 2020–2024
Floyd has 479 residents with a median age of 58.6. The median household income is $62,688 (33% lower than the Virginia median), the median home value is $242,600, the median rent is $827/month.
Floyd is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Floyd at a glance
- Population
- 479
- Median age
- 58.6State: 39
- Median household income
- $62,688State: $93,170
- Median home value
- $242,600State: $383,700
- Median rent
- $827/moState: $1,579
- Homeowners
- 60%
- Bachelor's degree or higher
- 35.6%
- Average commute
- 15 min
Is Floyd a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 15 minutes; unemployment of 3.5%.
Cons: Median household income 33% lower than the Virginia median; a poverty rate of 12.7%.
The weather is best in June to September.
Cost of living in Floyd
Housing is the biggest part of the cost of living. In Floyd the median home value is $242,600, 27% lower than the U.S. median. Renters pay a median of $827 per month, which is 25.6% of household income. Homeowners with a mortgage pay $1,375 a month in housing costs.
Floyd median household income
The median household income in Floyd is $62,688 and the income per person is $44,110. 12.7% of residents live below the poverty line (Virginia: 9.9%).
Housing in Floyd: homes for sale and rent
- Housing units
- 321
- Owner-occupied
- 60%
- Renter-occupied
- 40%
- Vacant
- 17.4%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 1.81
Floyd demographics
- Population
- 479
- Median age
- 58.6
- Under 18
- 12.3%
- 65 and older
- 43.6%
- Households
- 265
- Foreign-born
- 1.5%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Floyd ›
Education in Floyd
35.6% of adults 25 and older in Floyd have a bachelor's degree or higher (Virginia: 42.2%), and 19.8% have a graduate or professional degree.
Jobs and commute in Floyd
- Unemployment rate
- 3.5%State: 4.3%
- Average commute
- 15 minState: 27 min
- Work from home
- 7%
- Drive alone
- 68.7%
- Public transit
- 0%
- Walk to work
- 17.3%
- Homes with broadband
- 88.7%
Floyd vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Floyd | 479 | $62,688 | $242,600 | $827 |
| Riner | 1,038 | $105,759 | $388,000 | — |
| Christiansburg | 22,720 | $77,147 | $252,600 | $1,181 |
| Ferrum | 1,774 | $40,435 | $188,900 | $638 |
| Plum Creek | 1,068 | $41,603 | — | $1,169 |
| Stuart | 1,952 | $45,625 | $182,500 | $589 |
| Radford | 16,726 | $57,348 | $220,700 | $1,033 |
| Fairlawn | 2,488 | $66,918 | $243,500 | $1,621 |
| Patrick Springs | 2,223 | $63,304 | $100,500 | $765 |
More for people moving to Floyd
Floyd ZIP code ›Weather and climate ›Living in Floyd: FAQ
What is the median household income in Floyd, VA?
The median household income in Floyd is $62,688, 33% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Floyd?
The median home value in Floyd is $242,600, compared with $383,700 in Virginia.
How much is rent in Floyd?
The median gross rent in Floyd is $827 per month, about 25.6% of household income.
Is Floyd, VA a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 15 minutes; unemployment of 3.5%. Minuses: median household income 33% lower than the Virginia median; a poverty rate of 12.7%.
What is the median age in Floyd?
The median age in Floyd is 58.6 years (Virginia: 39).
How long is the commute in Floyd?
The average commute to work in Floyd is 15 minutes; 7% of workers work from home.
What is the unemployment rate in Floyd?
The unemployment rate in Floyd is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Floyd?
35.6% of adults in Floyd have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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