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
| Virginia | North Carolina | South Carolina |
| Overall | $.69 | $.84 | $1.60 |
| 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 |
| Clerical | $0.13 | $0.24 | $0.35 |
Sources: National Academy of Social Insurance, 2019; Classcodes.net, 2021
Unemployment Insurance Rates
| Virginia | North Carolina | South Carolina | United States |
| Taxable Wage Base | $8,000 | $25,000 | $14,000 | $7000 |
| Taxable Wages | 1% | .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.
