Income & Economy in Norfolk city, VA (23502)
Median Income
$66,467
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,119
Wealth inflow
Population
19,836
Unemployment
5.9%
2.2pp above US avg
IRS migration statistics show a net inflow of about 1,119 for ZIP 23502 (Norfolk 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 23502 (2020–Present)
Since 2020, population declined 3.9%, median income fell 4.2% (inflation-adjusted), home values increased 4.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $66,467 |
| Unemployment | 5.9% |
| Establishments | 1,154 |
| Employees | 32,050 |