Income & Economy in Norfolk city, VA (23517)
Median Income
$63,556
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+257
Wealth inflow
Population
4,550
Unemployment
3.5%
0.3pp below US avg
IRS migration statistics show a net inflow of about 257 for ZIP 23517 (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 23517 (2020–Present)
Since 2020, population grew 10.2%, median income rose 9.8% (inflation-adjusted), home values decreased 4.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $63,556 |
| Unemployment | 3.5% |
| Establishments | 477 |
| Employees | 6,555 |