King William County, Virginia

• Income near the national median: Median household income tracks the national median, indicating a broad-based consumer market.
• Below the state median: Median household income runs $7,114 (7.6%) under the Virginia median, so statewide income averages overstate local household buying power.
• Talent gap: Bachelor's-or-higher attainment trails the national average by 12.7 pts, relevant for advanced-services attraction strategy.

• Largest private-sector industry: Manufacturing employs 726 workers (29.6% of tracked sectors), at an average wage of $93,452. Every industry figure on this page is private sector; government employs a further 969 and is counted separately.
• Economic scale: Regional GDP of $850M (2024).
• Wage stratification: Manufacturing averages $93,452 while Arts, Entertainment, and Recreation averages $14,576, a 6.4x spread in the same local economy, with implications for workforce development and talent strategy.

• Top specialization: Wood Product Manufacturing concentrates at 11.74x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
• Cluster depth: 9 sub-sectors register LQ ≥ 1.5, but 53.9% of the employment across them depends on one source of demand: resident household spending. Read the count as depth within that single demand base rather than as spread across separate ones.

• In line with national: Home value to income ratio of 3.7x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
• High home ownership: 88.9% owner-occupied; rental supply may be tight for incoming workers.
• Rent affordability gap: None of the 5 HUD Fair Market Rent bedroom sizes sit below what a household on the median renter income of $37,188 can pay without cost burden (~$930/mo), and 57.7% of renter households are already cost-burdened, 29.1% severely so; workforce housing cost burden warrants attention.

• Succession risk is real: 23.8% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
• Healthy participation: 68.2% labor force participation reflects a steady, available local workforce.
• Talent pipeline: no college, university, or technical school is located in King William County per the IPEDS institutional directory, so any training pipeline serving it runs through institutions outside the county.

King William County shows strong potential for wood product manufacturing attraction, with a 11.74x concentration and 118 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 23.8% of the working-age population within 10 years of retirement age.

Most of the employment across the concentrated sub-sectors traces back to a single source of demand. Resident household spending accounts for 53.9% of it, with wood product manufacturing the largest single sub-sector at 18%. Recruitment that widens the demand base changes that exposure; recruitment inside the same base deepens it.