Income & Economy in Richmond city, VA (23220)
Median Income
$56,681
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,948
Wealth inflow
Population
34,524
Unemployment
7.3%
3.6pp above US avg
IRS migration statistics show a net inflow of about 1,948 for ZIP 23220 (Richmond 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.
Historical Trends in 23220 (2020–Present)
Since 2020, population declined 0.9%, median income rose 2.7% (inflation-adjusted), home values increased 20.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $56,681 |
| Unemployment | 7.3% |
| Establishments | 1,031 |
| Employees | 14,564 |