Income & Economy in Suffolk city, VA (23434)
Median Income
$75,798
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,966
Wealth inflow
Population
52,556
Unemployment
6.5%
2.8pp above US avg
IRS migration statistics show a net inflow of about 2,966 for ZIP 23434 (Suffolk 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 23434 (2020–Present)
Since 2020, population grew 6.0%, median income fell 3.7% (inflation-adjusted), home values increased 4.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $75,798 |
| Unemployment | 6.5% |
| Establishments | 1,046 |
| Employees | 16,771 |