This data is based on ZIP codes 24060, 24061.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Blacksburg ZIP Area Economy · 2023
Wages +0% vs. avg. Montgomery Co. town
Blacksburg's ZIP area supports 15,484 jobs across 941 businesses, with workers earning an average of $60K per year, 0% above the Montgomery County average. The economy is well-diversified (0.87 index), led by professional services and food & accommodation. 84.5% of businesses have fewer than 20 employees, and each business employs an average of 16.5 people. Jobs grew 2.5% from the prior year while business count grew 1%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Montgomery Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
941 businesses by employee count. 84.5% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Major (250-499)
Economic Densityi
0.34
jobs per resident
16.5
employees per business
County avg: 16.5+0%
$20K
payroll per resident
$980K
payroll per business
Blacksburg ZIP Area vs. Avg. Montgomery Co. Towni
All Industries in ZIP Areai
| Sector | Blacksburg ZIP | Avg. Montgomery Co. | Spec. |
|---|---|---|---|
| Professional Services | 169 | 169 | 1.0x |
| Food & Accommodation | 126 | 126 | 1.0x |
| Healthcare | 113 | 113 | 1.0x |
| Retail Trade | 101 | 101 | 1.0x |
| Other Services | 96 | 96 | 1.0x |
| Real Estate | 58 | 58 | 1.0x |
| Construction | 55 | 55 | 1.0x |
| Finance & Insurance | 55 | 55 | 1.0x |
| Admin Services | 36 | 36 | 1.0x |
| Manufacturing | 26 | 26 | 1.0x |
| Education | 22 | 22 | 1.0x |
| Information | 21 | 21 | 1.0x |
| Arts & Entertainment | 18 | 18 | 1.0x |
| Transportation | 14 | 14 | 1.0x |
| Wholesale Trade | 12 | 12 | 1.0x |
| Agriculture | 4 | 4 | 1.0x |
| Management | 4 | 4 | 1.0x |