Richmond city, VA
ZIP 23224 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Richmond city, VA (23224)
Median Income
$49,263
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,201
Wealth inflow
Population
39,010
Unemployment
7.5%
3.8pp above US avg
IRS migration statistics show a net inflow of about 2,201 for ZIP 23224 (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 23224 (2020–Present)
Since 2020, population declined 2.8%, median income rose 2.5% (inflation-adjusted), home values increased 22.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $49,263 |
| Unemployment | 7.5% |
| Establishments | 839 |
| Employees | 14,633 |