Virginia offers worker’s compensation rates that are lower than competing states in the Southeast and below the national average. Low worker’s compensation rates are just one of the cost advantages for employers in the Roanoke Region of Virginia.

Worker's Compensation Rates by Classification

VirginiaNorth CarolinaSouth Carolina
Hospital: Professional$1.01$2.18$1.57
Repair (Machine/Equip)$5.34$6.01$6.49
Trucking (long distance)$8.09$14.75$12.28
Sources: National Academy of Social Insurance, 2019;, 2021

Unemployment Insurance Rates

VirginiaNorth CarolinaSouth CarolinaUnited States
Taxable Wage Base$8,000$25,000$14,000$7000
Taxable Wages1%.56%.56%1.72%
Total Wages.16%.24%.24%.42%
Source: Employer Contribution Rates by State, Employment and Training Administration, U.S. Department of Labor, 2020.