The Vital Stats: Ferrum

The labor pool participation rate in FerrumThe labor pool participation rate in Ferrum is 55.8%, with an unemployment rate of 13.3%. For many into the labor force, the average commute time is 19.2 minutes. 6% of Ferrum’s population have a masters degree, and 12.9% have earned a bachelors degree. Among those without a college degree, 21.5% have some college, 45.3% have a high school diploma, and only 14.3% possess an education significantly less than senior high school. 8.7% are not covered by health insurance.

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Ferrum, Virginia is located in Franklin county, and includes a populace of 2310, and exists within the greater metropolitan area. The median age is 21.1, with 2% of the populace under ten years old, 37.2% between ten-nineteen several years of age, 27.7% of town residents in their 20’s, 5.4% in their thirties, 6.9% in their 40’s, 9.5% in their 50’s, 7.5% in their 60’s, 2.2% in their 70’s, and 1.6% age 80 or older. 54.8% of residents are men, 45.2% female. 26.1% of residents are recorded as married married, with 2.1% divorced and 67.2% never wedded. The % of men or women confirmed as widowed is 4.5%.

The typical family size in Ferrum, VA is 3.47 family members members, with 83.2% being the owner of their very own domiciles. The mean home appraisal is $130287. For individuals leasing, they pay out an average of $ monthly. 56.1% of households have two sources of income, and an average domestic income of $48234. Average income is $8540. 5.9% of citizens are living at or beneath the poverty line, and 9.6% are handicapped. 2.1% of residents are former members regarding the US military.