Arcola, VA
Population 2,858 · Virginia
About Arcola, VA
Arcola is a small town located in Virginia with a population of 2,858 residents according to the latest US Census Bureau American Community Survey data. The median household income is $133,992 per year, which is 78% above the national median of $75,149. The median age of 32.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Arcola features a median home value of $602,700, which is 146% above the national median of $244,900. This places Arcola in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,508, 116% above the national average of $1,163/month. Of the 989 total housing units, 65% are owner-occupied (638 units) and 35% are renter-occupied (351 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Arcola shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Arcola have an average one-way commute time of 29.9 minutes.
Education & Demographics
66.5% of Arcola residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.8% White, 0.0% Hispanic or Latino, 1.2% Black or African American, and 17.0% Asian residents, with 38.2% of the population being foreign-born.
Cost of Living in Arcola, VA
Compared to national averages, Arcola has a median household income of $133,992 (78% above the national median of $75,149). Home values average $602,700, which is 146% above the national median. Monthly rent at $2,508 is 116% above the US average of $1,163. Within Virginia, Arcola's income is 52% above the state average of $87,957, and home values are 84% above the state median of $327,514.
Why Live in Arcola, VA?
Arcola offers a strong local economy with a median household income of $133,992, well above the national average, and a strong job market with an unemployment rate of just 2.2%, and a well-educated community where 66.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $602,700. However, Arcola’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Arcola has a population of 2,858 with a median age of 32.9 years. Compare Arcola with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Arcola
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pearisburg | 2,864 | $72,924 | $160,200 | Compare |
| Hillsville | 2,869 | $62,861 | $132,600 | Compare |
| Windsor | 2,808 | $65,321 | $248,200 | Compare |
| Crewe | 2,795 | $60,214 | $135,800 | Compare |
| Grottoes | 2,926 | $84,508 | $267,500 | Compare |
| Wise | 2,940 | $44,234 | $118,100 | Compare |
| Merrimac | 2,955 | $55,202 | $73,400 | Compare |
| Elkton | 2,973 | $61,385 | $232,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Arcola With Other Cities
Frequently Asked Questions about Arcola
What is the population of Arcola, VA?
The population of Arcola, VA is 2,858 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Arcola?
The median household income in Arcola, VA is $133,992 per year, which is 78% above the national median of $75,149.
What is the median home value in Arcola?
The median home value in Arcola, VA is $602,700, which is 146% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Arcola?
The median monthly rent in Arcola, VA is $2,508, which is 116% above the national average of $1,163/month.
What is the unemployment rate in Arcola?
The unemployment rate in Arcola, VA is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Arcola, VA a good place to live?
Arcola offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,858 and a median age of 32.9, the city appeals to young professionals and families.
How educated is Arcola, VA?
66.5% of residents in Arcola aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Arcola?
Key cost-of-living indicators for Arcola, VA: median home value is $602,700 (146% above national), median rent is $2,508/month, and median household income is $133,992. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Arcola?
The poverty rate in Arcola, VA is 3.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Arcola, VA?
Arcola's population is 0.8% White, 0.0% Hispanic or Latino, 1.2% Black or African American, 17.0% Asian, and 9.9% two or more races. 38.2% of residents are foreign-born.