This data is based on ZIP code 24368.
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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Rural Retreat ZIP Area Economy · 2023
Wages -3% vs. avg. Wythe Co. town
Rural Retreat's ZIP area supports 1,080 jobs across 74 businesses, with workers earning an average of $45K per year, 3% below the Wythe County average. The economy is well-diversified (0.96 index), led by retail trade and other services. 83.8% of businesses have fewer than 20 employees, and each business employs an average of 14.6 people. Jobs grew 2.9% from the prior year while business count declined 5.1%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Wythe Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
74 businesses by employee count. 83.8% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Economic Densityi
0.67
jobs per resident
14.6
employees per business
County avg: 15.4-5%
$30K
payroll per resident
$650K
payroll per business
Rural Retreat ZIP Area vs. Avg. Wythe Co. Towni
All Industries in ZIP Areai
| Sector | Rural Retreat ZIP | Avg. Wythe Co. | Spec. |
|---|---|---|---|
| Retail Trade | 14 | 50 | 1.1x |
| Other Services | 10 | 32 | 1.2x |
| Construction | 7 | 18 | 1.5x |
| Manufacturing | 7 | 17 | 1.6x |
| Food & Accommodation | 7 | 34 | 0.8x |
| Healthcare | 6 | 33 | 0.7x |
| Transportation | 5 | 11 | 1.7x |
| Admin Services | 5 | 14 | 1.4x |
| Professional Services | 4 | 20 | 0.8x |
| Wholesale Trade | 3 | 8 | 1.4x |