ZIP 22408 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Fredericksburg city, VA (22408)

Median Income

$114,598

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,752

Wealth inflow

Population

31,050

Unemployment

4.6%

0.9pp above US avg

IRS migration statistics show a net inflow of about 1,752 for ZIP 22408 (Fredericksburg city, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

4.6%+25% vs US avg

Self-Employed

3.4%-45% vs US avg

SNAP Benefits

7.6%-35% vs US avg

903

Establishments

13,586

Employees

~15 per establishment — small businesses dominate

Public administration

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.5%
Construction5.9%
Manufacturing2.5%
Wholesale trade2.5%
Retail trade11.1%
Transportation, utilities5.6%
Information1.5%
Finance, insurance, real estate5.0%
Professional, scientific, management15.7%
Education, health care, social21.1%
Arts, entertainment, food services7.6%
Other services3.8%
Public administration17.3%

Household Income

Historical Trends in 22408 (2020–Present)

Since 2020, population grew 3.1%, median income rose 2.3% (inflation-adjusted), home values increased 6.1%.

Median Income

$114,598

+52% vs US avg

Unemployment Rate