Income & Economy in Wachapreague town, VA (23480)
Median Income
$42,188
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+21
Wealth inflow
Population
368
Unemployment
8.4%
4.7pp above US avg
IRS migration statistics show a net inflow of about 21 for ZIP 23480 (Wachapreague town, 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 23480 (2020–Present)
Since 2020, population grew 19.1%, median income fell 12.9% (inflation-adjusted), home values decreased 25.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $42,188 |
| Unemployment | 8.4% |
| Establishments | 6 |
| Employees | 86 |