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EconPulse

Local economy signal dashboard

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PLACEThriving

Waynesboro, VA

Thriving overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score74out of 100
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NA
75
65
71
90

Population

22,841

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

75

3.4%

Unemployment is 3.4% for June 2026.

Vintage date unknown

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

Population

+2.4% 5-year

65

22,841

Population moved +2.4% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

71

20.4%

Median rent consumes 20.4% of median household income: Affordable.

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

$6.8K per resident

90

$151.7M

$151.7M 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

$151.7M

$6.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$128.6M
2. Department of Veterans Affairs$17.1M
3. Department of Housing and Urban Development$5.2M

Top recipients

Dollars
1. WAYNESBORO REDEVELOPMENT & HOUSING AUTHO$5.1M
2. CITY OF WAYNESBORO$167.3K
3. REDACTED DUE TO PII$129.0K

Affordable

Housing Affordability

20.4%

of median income

1BR estimate$836
2BR estimate$1,102
Median income$59,994
Median home value$245,500

ACS context

Quick Facts

Population

22,841

Median age

38.3

Bachelor's degree+

25.7%

Poverty rate

11.2%

Labor force participation

64.1%

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

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

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

+0.5%

GDP CAGR

Unavailable

Federal flow

5 years

Population (5 years)
202022,300
202122,149
202222,341
202322,574
202422,841

2-year linear forecast

Predictive Outlook

Population forecast

202422,841
202522,893 *
202623,044 *

R² = 77.6% · * 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$59,994/yr
Median rent$1,020/mo
Rent share of income20.4%
Est. mortgage (30yr, 6.5%)$14,897/yr
Mortgage share of income24.8%

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

employment snapshot

Job Market

Unemployment rate3.4%
State avg4.3%
U.S. avg5.2%
Labor force participation64.1%
Poverty rate11.2%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$245,500
Median monthly rent$1,020
Price-to-rent ratio20.1x

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

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growthN/A
Labor market75/100
Population momentum65/100
Overall stability74/100

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

Location Context

Waynesboro city, Virginia

City/Town

Part of

Staunton-Stuarts Draft, VA

Nearby locations

Dooms, VALyndhurst, VAAfton, VAFishersville, VASherando, VA