Living in Innovation, Virginia
Cost of living, income, home prices, rent and demographics of Innovation · Census data 2020–2024
Innovation has 1,034 residents with a median age of 48. The median household income is $31,943 (66% lower than the Virginia median), the median rent is $1,757/month.
Innovation is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Innovation at a glance
- Population
- 1,034
- Median age
- 48State: 39
- Median household income
- $31,943State: $93,170
- Median rent
- $1,757/moState: $1,579
- Homeowners
- 0%
- Bachelor's degree or higher
- 51.2%
Is Innovation a good place to live?
Cons: Median household income 66% lower than the Virginia median; unemployment of 14.2%; a poverty rate of 11.9%.
The weather is best in May–June and August–September.
Cost of living in Innovation
Housing is the biggest part of the cost of living. In Innovation the median home value is —. Renters pay a median of $1,757 per month, which is 51% of household income. Homeowners with a mortgage pay — a month in housing costs.
Innovation median household income
The median household income in Innovation is $31,943 and the income per person is $19,988. 11.9% of residents live below the poverty line (Virginia: 9.9%).
Housing in Innovation: homes for sale and rent
- Housing units
- 386
- Owner-occupied
- 0%
- Renter-occupied
- 100%
- Vacant
- 7%Includes seasonal homes
- Median year built
- 2013
- Average household size
- 2.52
Innovation demographics
- Population
- 1,034
- Median age
- 48
- Under 18
- 16%
- 65 and older
- 10.4%
- Households
- 359
- Foreign-born
- 23.4%
- Veterans
- 26.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Innovation ›
Education in Innovation
51.2% of adults 25 and older in Innovation have a bachelor's degree or higher (Virginia: 42.2%), and 19.3% have a graduate or professional degree.
Jobs and commute in Innovation
- Unemployment rate
- 14.2%State: 4.3%
- Average commute
- —State: 27 min
- Work from home
- 6.7%
- Drive alone
- 69.2%
- Public transit
- 0%
- Walk to work
- 6.5%
- Homes with broadband
- 100%
Innovation vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Innovation | 1,034 | $31,943 | — | $1,757 |
| Bull Run | 16,859 | $89,679 | $413,500 | $2,002 |
| Manassas | 42,976 | $113,590 | $449,900 | $1,850 |
| Sudley | 19,162 | $94,309 | $424,800 | $2,139 |
| Linton Hall | 41,876 | $178,915 | $617,000 | $2,575 |
| Loch Lomond | 4,606 | $113,790 | $442,300 | $2,161 |
| Manassas Park | 16,798 | $103,250 | $395,900 | $2,146 |
| Yorkshire | 9,782 | $112,829 | $451,000 | $1,777 |
| Buckhall | 21,602 | $180,021 | $635,500 | $2,478 |
More for people moving to Innovation
Innovation ZIP code ›Weather and climate ›Living in Innovation: FAQ
What is the median household income in Innovation, VA?
The median household income in Innovation is $31,943, 66% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How much is rent in Innovation?
The median gross rent in Innovation is $1,757 per month, about 51% of household income.
Is Innovation, VA a good place to live?
Minuses: median household income 66% lower than the Virginia median; unemployment of 14.2%; a poverty rate of 11.9%.
What is the median age in Innovation?
The median age in Innovation is 48 years (Virginia: 39).
What is the unemployment rate in Innovation?
The unemployment rate in Innovation is 14.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Innovation?
51.2% of adults in Innovation 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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