Income & Economy in Norfolk city, VA (23511)
Median Income
$70,139
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+566
Wealth inflow
Population
10,024
Unemployment
21.8%
18.1pp above US avg
IRS migration statistics show a net inflow of about 566 for ZIP 23511 (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 23511 (2020–Present)
Since 2020, population declined 28.0%, median income fell 1.8% (inflation-adjusted), home values decreased NaN%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $70,139 |
| Unemployment | 21.8% |
| Establishments | 137 |
| Employees | 2,629 |