Ferrum, Virginia Population 2024

1,487

Ferrum is a city located in Franklin County and Patrick County Virginia. Ferrum has a 2024 population of 1,487. Ferrum is currently declining at a rate of -7.18% annually and its population has decreased by -30.77% since the most recent census, which recorded a population of 2,148 in 2020.

The average household income in Ferrum is $45,780 with a poverty rate of 37.86%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Ferrum is 21.3 years, 22.6 years for males, and 20.5 years for females.

Ferrum Demographics

According to the most recent ACS, the racial composition of Ferrum was:

  • White: 68.2%
  • Black or African American: 26.5%
  • Two or more races: 3.49%
  • Other race: 1.69%
  • Native Hawaiian or Pacific Islander: 0.12%
  • Native American: 0%
  • Asian: 0%
Land Area (mi²)
9.1 sq mi
Density (mi²)
162.50/sq mi
Growth Since 2020
-30.77% (-661)
The current population of Ferrum, Virginia is 1,487 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 2,148.

Ferrum, Virginia Population 2024

Population by Race

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Race
Population
Percentage (of total)
White1,17168.2%
Black or African American45526.5%
Two or more races603.49%
Other race291.69%
Native Hawaiian or Pacific Islander20.12%
Native American00%
Asian00%

White

Black or African American

Two or more races

Other race

Native Hawaiian or Pacific Islander

Native American

Asian

Ferrum Population by Race

Ferrum Population Pyramid 2024

Ferrum Median Age

21.3

Total

22.6

Male

20.5

Female

Ferrum Adults

There are 1,604 adults, (125 of whom are seniors) in Ferrum.

Ferrum Age Dependency

16.1

Age Dependency Ratio

8.5

Old Age Dependency Ratio

7.6

Child Dependency Ratio

Ferrum Sex Ratio

Female86950.61%
Male84849.39%

Ferrum Population by Age

Ferrum Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All3771.9163.136.9
Married1912.796.93.1
Non Family168020.879.2
Female182.061000
Male0000

2.65

Average Family Size

1.91

Average Household Size

63.1%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Ferrum Households and Families

Male

Female

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Education Attained
Count
Percentage
Less Than 9th Grade00%
9th to 12th Grade11420.77%
High School Graduate13624.77%
Some College14025.5%
Associates Degree244.37%
Bachelors Degree478.56%
Graduate Degree8816.03%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Ferrum Educational Attainment by Sex (over 25)

Ferrum Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White458344135
Black85850
2+ Races660

The highest rate of high school graduation is among black people with a rate of 100%.

The highest rate of bachelors degrees is among white people with a rate of 29.48%.

Ferrum Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Overall$32,083$26,574$49,375
Less Than 9th Grade$0$0$0
High School Graduate$0$0$0
Some College$17,109$0$18,125
Bachelors Degree$0$0$0
Graduate Degree$67,857$0$0

$32,083

Average Earnings

$26,574

Average Male

$49,375

Average Female

Ferrum Earnings by Educational Attainment

Ferrum Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Ferrum Language

96.61% of Ferrum residents speak only English, while 3.39% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 2.56% of the population.

Ferrum Language

Ferrum Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White57025644.91%
Black1301713.08%

37.86%

Overall Poverty Rate

32.98%

Male Poverty Rate

43.1%

Female Poverty Rate

Poverty in Ferrum

The race most likely to be in poverty in Ferrum is White, with 44.91% below the poverty level.

The race least likely to be in poverty in Ferrum is Black, with 13.08% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 0%, and for those that did not work, the poverty rate was 56.9%.

Ferrum Poverty

rate

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Rate
Poverty
Less Than 9th Grade100%
High School58.09%
Some College5.92%
Bachelors or Greater0%

Ferrum Poverty Rate by Education

rate

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Rate
Poverty
Female Unemployed100%
Male Employed0%
Male Unemployed0%
Female Employed0%

Ferrum Poverty Rate by Employment Status and Sex

Ferrum Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Households$33,967$45,780
Families$47,120$68,389
Married Families$46,141$-999,999,999
Non Families-$17,653

mean

median

Income by Household Type

Ferrum Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

24.1%

Overall Marriage Rate

24.2%

Male Marriage Rate

23.9%

Female Marriage Rate

Ferrum Married by Age and Sex

male

female

Ferrum Marriage

The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 55-64.

Ferrum Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Ferrum Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

24

Number of Veterans

24

Male Veterans

0

Female Veterans

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War
Veterans
Second Gulf War12
First Gulf War0
Vietnam0
Korea0
World War II0

Ferrum Veterans by War

count

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Age Group
Veterans
18 to 3412
55 to 6412
35 to 540
65 to 740
75+0

Ferrum Veterans by Age

count

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Name
Veterans
% of Total
White242.26%

Ferrum Veterans by Race

Ferrum Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

0%

Veteran Poverty Rate

0%

Veteran Disability Rate

Ferrum Veterans by Education

LaborForceParticipation

54.6%

Labor Force Participation

51.1%

Employment Rate

6.5%

Unemployment Rate

Ferrum Employment by Age

LaborForceParticipation

Ferrum Employment by Race

LaborForceParticipation

Ferrum Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

70.53%

Born in Ferrum

99.18%

Native Born

0.82%

Foreign Born

0.52%

Non Citizen

0.29%

Naturalized

Place of Birth

99.18% of Ferrum residents were born in the United States, with 70.53% having been born in Virginia. 0.52% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.

Ferrum Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20241,487-115-7.18%
20231,602-115-6.7%
20221,717-115-6.28%
20211,832-316-14.71%
20202,148-162-7.01%
20192,310773.45%
20182,233-2-0.09%
20172,235-122-5.18%
20162,35736118.09%
20151,9961085.72%
20141,888361.94%
20131,8521096.25%
20121,743835%
20111,660-383-18.75%
20102,04300%

Ferrum Population by Year