Income & Economy in Suffolk city, VA (23437)
Median Income
$74,513
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+287
Wealth inflow
Population
5,088
Unemployment
2.5%
1.2pp below US avg
IRS migration statistics show a net inflow of about 287 for ZIP 23437 (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 23437 (2020–Present)
Since 2020, population grew 13.4%, median income fell 6.6% (inflation-adjusted), home values decreased 1.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $74,513 |
| Unemployment | 2.5% |
| Establishments | 39 |
| Employees | 143 |