Starting a Business in Roanoke city, VA

What does it cost to start a business in Roanoke city? Here are the numbers.

Avg Startup Cost

$38,642

Monthly Overhead

$1,376

Est. Break-Even

30 mo

Runway

28 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,376/mo
Median Household Income$51,523
Property Tax Rate1.1%

Population (market size)99,213

Market Context

Median Home Value$162,000
Homeownership Rate52.1%
Median Rent$917/mo

CountyRoanoke city

About Roanoke city, Virginia

Roanoke city in Virginia has a population of 99,213 and a median household income of $51,523. The moderate population offers opportunities for niche businesses with less competition.

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 Roanoke city

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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.