Median Income
$38,092
household / year
Median Home Value
N/A
owner-occupied
Median Rent
$1,757
gross / month
Cost of Living
109
national avg = 100

Is Innovation, VA a Good Place to Live?

Innovation is a small town of 1,389 in Virginia, with a median household income of $38,092 and a 7.2% unemployment rate. Its cost of living index is 109 (US average = 100), which is 9% above the national average.

Strengths: Innovation stands out for a well-educated population.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Innovation is right for you depends on your priorities — the full breakdown is below.

All Innovation city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 108.6

Innovation's overall cost of living index is 108.6, where 100 represents the US national average. Living in Innovation costs roughly 9% more than the average American city.

Metric Innovation, VA National Avg
Median Home Value N/A $244,900
Median Monthly Rent $1,757 $1,163
Homeownership Rate 0.0% 65.9%
Median Household Income $38,092 $74,755

Crime & Safety

Safer than Average

Innovation's violent crime rate is 281.1 per 100,000 residents — 26% lower than the national average of ~380 per 100,000.

Violent Crime
281.1 /100k
Property Crime
1400.7 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Innovation, VA National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 39.5% 35.4%
High School Diploma or Higher 92.8% 91.1%

Weather & Climate

Innovation sees average highs of 42.4°F in January and 87.5°F in July, with 47.6 inches of annual precipitation and 21.0 inches of snow per year.

MetricInnovation, VA
Average High — January42.4°F
Average High — July87.5°F
Annual Precipitation47.6"
Annual Snowfall21.0"

Demographics

MetricInnovation, VANational Avg
Population1,389
Median Age35.538.9
Unemployment Rate7.2%3.7%
Avg Commute Time27.9 min26 min
White (non-Hispanic)23.3%59.3%
Black or African American53.9%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1825.8%22.2%
65 and over7.7%16.8%

Nearby Cities

Innovation vs Other Cities

Frequently Asked Questions

Innovation's cost of living index is 109, where 100 is the national average. That puts Innovation roughly 9% above the national average in cost. The median home price is N/A and median rent is $1,757/month.
Innovation's violent crime rate is 281.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1400.7 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Innovation, VA has a population of 1,389, a median household income of $38,092, and an unemployment rate of 7.2%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Innovation averages 42.4°F in January and 87.5°F in July. Annual rainfall is 47.6 inches with about 21.0 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Innovation, Virginia is 1,389 with a median age of 35.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Innovation: cost of living index 109 (100 = US average), median home N/A, median household income $38,092, crime index 71 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Innovation side by side with your current city to see the trade-offs.