Income & Economy in Norfolk city, VA (23523)
Median Income
$37,189
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+434
Wealth inflow
Population
7,698
Unemployment
6.0%
2.3pp above US avg
IRS migration statistics show a net inflow of about 434 for ZIP 23523 (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 23523 (2020–Present)
Since 2020, population grew 7.2%, median income fell 2.1% (inflation-adjusted), home values increased 5.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $37,189 |
| Unemployment | 6.0% |
| Establishments | 107 |
| Employees | 4,040 |