The ZIP Code 24088 is associated with Ferrum, VA in Franklin County in the United States. The current population estimate for this region is 5,472. Approximately 16.0% of residents in this Virginia region hold a bachelor's degree or higher. The per capita income is estimated to be $19,151. Median househould income in this region is $46,287, while about 8% of the population lives below the poverty line. The median age in ZIP Code 24088 is approximately 36.4 years, and 20.9% of the region's residents are aged 62 years and older.
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The median household income in ZIP Code 24088 is $46,287, while the region's mean household income is $57,812. Breaking income down further, per capita income in the region is $19,151. The per capita income in ZIP Code 24088 of $19,151 is approximately 51.24% less than the per capita income in the U.S. overall of $39,278. An estimated 8.2% of the population is living below the poverty line in this region. This rate is approximately 13.68% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 16.9% of the population in 24088 earn $35,000 to $49,999 per year, while an estimated 14.7% earn $50,000 to $74,999 per year, and 0.9% of 24088 residents earn $200,000 or more per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 6.3% |
| $10,000 to $14,999 per year | 7.2% |
| $15,000 to $24,999 per year | 12.1% |
| $25,000 to $34,999 per year | 12.8% |
| $35,000 to $49,999 per year | 16.9% |
| $50,000 to $74,999 per year | 14.7% |
| $75,000 to $99,999 per year | 13.4% |
| $100,000 to $149,999 per year | 13.9% |
| $150,000 to $199,999 per year | 1.7% |
| $200,000 or more per year | 0.9% |
In ZIP Code 24088, 83.3% of the population graduated high school, while 16.0% have a bachelor's degree or higher. In this region, 9.6% achieved an education level less than 9th grade, while 6.4% hold a graduate or professional degree. Approximately 41.4% in this Franklin County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 9.6% |
| 9th to 12th grade, no diploma | 7.1% |
| High school graduate (includes equivalency) | 41.4% |
| Some college, no degree | 16.0% |
| Associate's degree | 9.9% |
| Bachelor's degree | 9.5% |
| Graduate or professional degree | 6.4% |
Residents of ZIP Code 24088 are younger than average. The median age of 36.4 years in ZIP Code 24088 is approximately 4.46% lower than the overall median age in the U.S. of 38.1 years. About 83.8% of residents are aged 18 years and older, and 20.9% of residents are 62 years and over. Approximately 19.9% of the population in 24088 falls in the age group 15 to 19 years, while an estimated 13.5% are aged 45 to 54 years. On the low end of the scale, 1.4% of 24088 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 1.5% |
| 5 to 9 years | 4.0% |
| 10 to 14 years | 3.3% |
| 15 to 19 years | 19.9% |
| 20 to 24 years | 12.6% |
| 25 to 34 years | 7.5% |
| 35 to 44 years | 9.8% |
| 45 to 54 years | 13.5% |
| 55 to 59 years | 5.6% |
| 60 to 64 years | 4.8% |
| 65 to 74 years | 10.5% |
| 75 to 84 years | 5.8% |
| 85 years and over | 1.4% |
Looking at race in the population that makes up ZIP Code 24088, 99.3% is one race, while 0.7% are two or more races. Approximately 1.7% of 24088 residents are hispanic or Latino (of any race). The most common race in 24088 (race alone or in combination with one or more other races), is White (88.5%), followed by Black or African American (10.5%) .
| Industry | Percent |
|---|---|
| White | 88.5% |
| Black or African American | 10.5% |
| American Indian and Alaska Native | 0.6% |
| Asian | 0.2% |
| Native Hawaiian and Other Pacific Islander | 0.2% |
| Some other race | 0.8% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 24088 is current access to health insurance, as an estimated 90.8% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 24088 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 90.8% |
| Risk Behavior | Percent of adults* |
|---|
In ZIP Code 24088, 99.0% of the population lists "English only" as the language spoken in home, while 0.4% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 0.0% of homes, and other Indo-European languages are spoken in 0.2% of homes. Lastly, 0.4% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Franklin County region.
| Language Spoken | Percent |
|---|---|
| English only | 99.0% |
| Spanish | 0.4% |
| Other Indo-European languages | 0.0% |
| Asian and Pacific Islander languages | 0.2% |
| Other languages | 0.4% |
Regarding the age of homes in ZIP Code 24088, an estimated 23.9% of homes were built between 1990 and 1999. Additionally, 18.9% of homes in the region were built between 2000 and 2009, while an estimated 0.0% of homes were built in 2014 or later in this Franklin County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.0% |
| Built between 2010 and 2013 | 0.4% |
| Built between 2000 and 2009 | 18.9% |
| Built between 1990 and 1999 | 23.9% |
| Built between 1980 and 1989 | 11.2% |
| Built between 1970 and 1979 | 15.1% |
| Built between 1960 and 1969 | 7.6% |
| Built between 1950 and 1959 | 0.8% |
| Built between 1940 and 1949 | 5.0% |
| Built in 1939 or earlier | 17.1% |
In 24088, 51.5% of the population is in the labor force. Recent estimates place 11.5% as working from home, while the total labor force in the region has a mean travel to time to work of 28.7 minutes. Approximately 30.2% of the employed population 16 years and over in 24088 work in educational services, and health care and social assistance, while an estimated 18.6% work in manufacturing. On the lower end of the scale, just 0.0% of 24088 workers 16 years and over work in information.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 3.4% |
| Construction | 4.7% |
| Manufacturing | 18.6% |
| Wholesale trade | 1.8% |
| Retail trade | 12.8% |
| Transportation and warehousing, and utilities | 1.9% |
| Information | 0.0% |
| Finance and insurance, and real estate and rental and leasing | 2.8% |
| Professional, scientific, management, and administrative | 5.4% |
| Educational services, and health care and social assistance | 30.2% |
| Arts, entertainment, and recreation, and accommodation and food services | 12.8% |
| Other services, except public administration | 2.8% |
| Public administration | 2.9% |
Regarding solar power potential, ZIP Code 24088 has an average daily solar radiation level of 5.14 kWh/m2/day. This is approximately 24.76% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 22% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 24088 | 10.71¢/kWh | 8.56¢/kWh | 6.53¢/kWh |
| Virginia | 14.4¢/kWh | 8.49¢/kWh | 8.39¢/kWh |
| United States | 16.63¢/kWh | 13.39¢/kWh | 8.72¢/kWh |
| Month | ZIP Code 24088 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 4.41 | 1.9 | 5.84 |
| Feb | 4.85 | 3 | 6.31 |
| Mar | 5.47 | 3.65 | 7.02 |
| Apr | 5.58 | 5.13 | 7.3 |
| May | 5.53 | 5.17 | 7.13 |
| Jun | 5.49 | 5.72 | 6.95 |
| Jul | 5.37 | 6.22 | 6.51 |
| Aug | 5.69 | 6.08 | 6.65 |
| Sep | 5.28 | 5.15 | 7.02 |
| Oct | 5.19 | 3.32 | 6.92 |
| Nov | 4.75 | 2.33 | 5.99 |
| Dec | 4.02 | 1.78 | 5.46 |
Regarding consumer complaints about financial products in ZIP Code 24088, checking or savings account have received the most complaints in 24088 in the past 12 months. received the second most complaints. The most frequent complaint overall in this Franklin County region was managing an account.
| Complaint Product | Number of Complaints* |
|---|---|
| Checking or savings account | 1 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Managing an account | 1 |