COMPARING TWO PLACES
Ferrum vs Cave Spring
PLACE A
Ferrum, Virginia
VS
PLACE B
Cave Spring, Virginia
Ferrum is 93% smaller than Cave Spring. Cave Spring earns more, with a median household income $47,104 higher. Cave Spring has grown faster since 2000 (7% vs -11%).
FERRUMCAVE SPRINGDIFFERENCE
Total population1,77425,742−93% vs Cave Spring
Population density1942,157−1,963
Population growth-10.6%7.4%−17.9 pts
Median age21.842.4−20.6
Male52.4%49.1%+3.2 pts
Female47.6%50.9%−3.2 pts
Foreign-born0.6%11.3%−10.7 pts
White, non-Hispanic75.3%79.1%−3.9 pts
Black18.7%3.8%+14.9 pts
Hispanic / Latino1.9%5.6%−3.7 pts
Asian0.1%6.9%−6.8 pts
Other4.1%4.6%−0.6 pts
Median household income$40,435$87,539−$47,104
Per capita income$17,108$49,725−$32,617
Poverty rate37.1%5.9%+31.2 pts
Income inequality (Gini)0.4710.430+0.0
Bachelor's degree or higher29.1%48.8%−19.6 pts
Graduate degree12.7%18.4%−5.7 pts
Unemployment rate7.3%2.9%+4.3 pts
Labor force participation54.8%66.9%−12.0 pts
Median home value$188,900$325,800−$136,900
Median gross rent$638$1,285−$647
Owner-occupied69.5%69.5%−0.0 pts
Housing vacancy rate0.0%5.8%−5.8 pts
Rent-burdened households40.3%37.8%+2.5 pts
Average commute23.520.0+3.5
Worked from home23.1%17.8%+5.3 pts
Public transit to work1.4%0.4%+1.1 pts
Uninsured2.8%3.6%−0.8 pts
Population, 1990 – 2024