Operating Budget 2025-2026

DEMOGRAPHIC STATISTICS

(Unaudited)

Year Population 1950..................................................................................3,358 1960..................................................................................7,070 1970..................................................................................9,384 1980................................................................................30,638 1 1990................................................................................34,590 2000................................................................................39,573 2010................................................................................42,620 2020................................................................................44,826

Sources: U.S. Bureau of the Census.

1 U.S. Census restated after annexation.

2023 Income Profile

Median Household Income Montgomery County (Includes Towns of Blacksburg and Christiansburg)

$68,079 $89,931 $77,719

Commonwealth of Virginia

USA

Source: U.S. Census Bureau

Per Capita Personal Income

Commonwealth of Virginia

Montgomery County (Blacksburg)

2021

2022

2023

2020

2020

2021

2022

2023

$61,474

$66,983

$69,707

$73,841

$40,112 $49,735 Source: U.S. Bureau of Economic Analysis $43,713 $46,146

Unemployment Rate

2020 5.8% 4.9% 6.4% 8.1%

2021 3.3% 3.0% 3.9% 5.3%

2022 2.8% 2.7% 2.9% 3.6%

2023 2.9% 2.8% 2.9% 3.6%

2024 3.6% 2.9% 2.9% 4.0%

2019 3.0% 2.8% 2.8% 3.7%

Blacksburg

Montgomery County Commonwealth of Virginia

United States

Source: U.S. Bureau of Labor Statistics

162