Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEStable

Sophia, WV

Stable overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score58out of 100
Compare
89
0
100
59
100

Population

1,528

Data freshness

Unknown

GDP / Output

+7.1% YoY

89

$4.5B

Output changed +7.1% in 2024.

Vintage date unknown

State growth4.9%
U.S. growth5.3%

Jobs

Unemployment rate

0

12.4%

Unemployment is 12.4% for Latest available.

Vintage date unknown

State avg5.4%
U.S. avg5.2%

Population

+31.3% 5-year

100

1,528

Population moved +31.3% over the latest ACS window.

Vintage date unknown

State population1,778,373
U.S. population334,922,499

Housing

Rent share of income

59

28.9%

Median rent consumes 28.9% of median household income: Affordable.

Vintage date unknown

State rent$872
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.2K per resident

100

$682.6M

$682.6M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$23.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$682.6M

$9.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$495.3M
2. Department of Veterans Affairs$99.6M
3. Department of Transportation$26.9M

Top recipients

Dollars
1. WVDOT DIVISION OF HIGHWAYS$23.4M
2. RALEIGH COUNTY HOUSING AUTHORITY$12.3M
3. RALEIGH COUNTY COMMUNITY ACTION ASSOCIATION INC$5.5M

Affordable

Housing Affordability

28.9%

of median income

1BR estimate$713
2BR estimate$940
Median income$36,080
Median home value$116,900

ACS context

Quick Facts

Population

1,528

Median age

45.4

Bachelor's degree+

6.6%

Poverty rate

38.0%

Labor force participation

43.5%

Prime rate

7.0%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-17

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

+5.6%

GDP CAGR

+7.7%

Federal flow

5 years

Population (5 years)
20201,164
20211,242
20221,730
20231,654
20241,528
GDP (5 years)
2020$3.1B
2021$3.5B
2022$3.9B
2023$4.2B
2024$4.5B

2-year linear forecast

Predictive Outlook

Population forecast

20241,528
20251,806 *
20261,920 *

R² = 51.9% · * projected

GDP forecast

2024$4.5B
2025$4.9B *
2026$5.3B *

R² = 99.5% · * 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$36,080/yr
Median rent$870/mo
Rent share of income28.9%
Est. mortgage (30yr, 6.5%)$7,093/yr
Mortgage share of income19.7%

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

employment snapshot

Job Market

Unemployment rate12.4%
State avg5.4%
U.S. avg5.2%
Labor force participation43.5%
Poverty rate38.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$116,900
Median monthly rent$870
Price-to-rent ratio11.2x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score61/100
Economic growth89/100
Labor market0/100
Population momentum100/100
Overall stability58/100

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

Location Context

Sophia town, West Virginia

City/Town

Part of

Beckley, WV

Nearby locations

Glen White, WVCrab Orchard, WVCoal City, WVLester, WVMacArthur, WV