Bassett is a very small town located in the state of Virginia. With a population of 1,028 people and three associated neighborhoods, Bassett is the 285th largest community in Virginia.

Telecommuters are a relatively large percentage of the workforce: 13.71% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Being a small town, Bassett does not have a public transit system used by locals to get to and from work.

In terms of college education, Bassett is nearly on par with the US average for all cities of 21.84%: 18.88% of adults 25 and older in Bassett have a bachelor's degree or advanced degree.

The per capita income in Bassett in 2022 was $20,154, which is low income relative to Virginia and the nation. This equates to an annual income of $80,616 for a family of four.

Bassett is an extremely ethnically-diverse town. The people who call Bassett home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Bassett residents report their race to be White, followed by Black or African-American. Important ancestries of people in Bassett include English, Irish, German, Polish, and Welsh.

The most common language spoken in Bassett is English. Other important languages spoken here include Spanish and Polish.