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EconPulse

Local economy signal dashboard

Saved
PLACEStrained

Big Stone Gap East, VA

Strained overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as strained for a median-income household.

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Overall score22out of 100
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NA
0
0
30
100

Population

567

Data freshness

Unknown

GDP / Output

Unavailable YoY

NA

Unavailable

Local GDP is unavailable for this geography.

Vintage date unknown

State growth5.4%
U.S. growth5.3%

Jobs

Unemployment rate

0

22.4%

Unemployment is 22.4% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

-20.0% 5-year

0

567

Population moved -20.0% over the latest ACS window.

Vintage date unknown

State population8,705,170
U.S. population334,922,499

Housing

Rent share of income

30

49.9%

Median rent consumes 49.9% of median household income: Strained.

Vintage date unknown

State rent$1.6K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$11.9K per resident

100

$430.2M

$430.2M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$214.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

Industry GDP mix is unavailable for this geography.

FY2025

Federal Money

Federal obligations

$430.2M

$11.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$262.7M
2. Department of Energy$89.7M
3. Department of Veterans Affairs$28.5M

Top recipients

Dollars
1. THE VIRGINIA DEPARTMENT OF ENERGY$89.7M
2. MOUNTAIN EMPIRE COMMUNITY COLLEGE$6.4M
3. THE WISE COUNTY HOUSING CORPORATION$5.7M

Strained

Housing Affordability

49.9%

of median income

1BR estimate$713
2BR estimate$940
Median income$20,938
Median home value$168,100

ACS context

Quick Facts

Population

567

Median age

55.2

Bachelor's degree+

7.9%

Poverty rate

33.0%

Labor force participation

19.9%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-4.4%

GDP CAGR

Unavailable

Federal flow

5 years

Population (5 years)
2020709
2021660
2022656
2023430
2024567

2-year linear forecast

Predictive Outlook

Population forecast

2024567
2025450 *
2026399 *

R² = 54.5% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$20,938/yr
Median rent$870/mo
Rent share of income49.9%
Est. mortgage (30yr, 6.5%)$10,200/yr
Mortgage share of income48.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate22.4%
State avg4.3%
U.S. avg5.2%
Labor force participation19.9%
Poverty rate33.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$168,100
Median monthly rent$870
Price-to-rent ratio16.1x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateWeak
Composite score8/100
Economic growthN/A
Labor market0/100
Population momentum0/100
Overall stability22/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Big Stone Gap East CDP, Virginia

City/Town

Part of

Virginia

Nearby locations

East Stone Gap, VABig Stone Gap, VAAppalachia, VAStonega, VAOsaka, VA