Starting a Business in Floyd County, VA

What does it cost to start a business in Floyd County? Here are the numbers.

Avg Startup Cost

$42,860

Monthly Overhead

$1,214

Est. Break-Even

30 mo

Runway

35 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,214/mo
Median Household Income$57,146
Property Tax Rate0.5%

Population (market size)15,532

Market Context

Median Home Value$205,400
Homeownership Rate86.3%
Median Rent$809/mo

CountyFloyd County

About Floyd County, Virginia

Floyd County in Virginia has a population of 15,532 and a median household income of $57,146. The smaller market may favor service-oriented businesses or online ventures.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Floyd County

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.