Best Places for Business and Careers 2019Best Places to Retire 2022
Roanoke, VA
Roanoke, VA
Roanoke, VA
Roanoke, VA
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gross metro product
$19.4B
population
314.2K
median household income
$55,327
median home price
$218,000
cost of living
7% below nat'l avg
college attainment
27.6%
net migration
270 (year: 2018)
unemployment
3%
major industries
Health care, Education
job growth
0.6% (year: 2018)
As of October 2019
population
100.0K
median home price
$225,000
cost of living
84
As of May 2022
Roanoke's status as the largest city in a mountainous area led to the nickname Capital of the Blue Ridge, while the Roanoke River also flows through the city. The city is home to Hollins University Virginia, Western Community College, Jefferson College of Health Sciences, and satellite educational facilities of Virginia Tech located in neighboring Montgomery County. Center in the Square, a downtown cultural site, houses the History Museum of Western Virginia, the Science Museum of Western Virginia and the Hopkins
Planetarium. Roanoke's festivals and cultural events include the Chili Cook-Off, Festival in the Park, Local Colors Festival, Henry Street Festival, Big Lick Blues Festival and Strawberry Festival. Roanoke and surrounding communities also host the annual Commonwealth Games of Virginia, an Olympic-style amateur sports festival.
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Scenic Blue Ridge Mountains city of 100,000, 240 miles southwest of Washington, D.C. Median home price $225,000, 40% below national median. Cost of living 16% below national average. PROS: High number of doctors of capita. Good air quality. Comfortably mild climate. Somewhat walkable and bikeable. No state estate tax. No income tax on Social Security. Relatively low natural hazard risk. CONS: So-so economy. Serious crime rate above national average. NOTED: Elevation 900 feet. City voted Democratic in 2020 presidential
election. Percent of city population fully vaccinated with booster against Covid-19 considerably below national average. On list last year. TRIVIA: Previous name was Big Lick, after a nearby salt mound.
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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