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MapMap ViewFerrum has a population of approximately 1,832 and experiences a population change rate of 39.53%. The population density is 200.2 / sq mi .
The median household income for Ferrum is $35,726, with 430 households and an average household size of 1.86.
The median value of a home in Ferrum is $204,600 with an appreciation rate of 17.10%. 44.80% of housing in the state is owned while 32.26% is rented.
The cost of living in Ferrum is 87.1 %.
The unemployment rate in Ferrum is 2.60%, and recent job growth is at 3.85%. Future job growth is projected at 44.12%.
The sales tax rate in Ferrum is 6.30%, while the income tax rate is 5.75% .
School expenditures in Ferrum are $12,768, and the school ratio is 12.6:1.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 25.4 degrees. The average rainfall is approximately 48.3 inches per year, with 10.1 inches of snow per year.
