Income & Economy in Norfolk city, VA (23509)
Median Income
$70,715
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+729
Wealth inflow
Population
12,912
Unemployment
6.6%
2.9pp above US avg
IRS migration statistics show a net inflow of about 729 for ZIP 23509 (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 23509 (2020–Present)
Since 2020, population declined 0.4%, median income rose 5.6% (inflation-adjusted), home values increased 7.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $70,715 |
| Unemployment | 6.6% |
| Establishments | 155 |
| Employees | 1,960 |