Income & Economy in Newport News city, VA (23603)
Median Income
$85,762
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+193
Wealth inflow
Population
3,428
Unemployment
9.4%
5.7pp above US avg
IRS migration statistics show a net inflow of about 193 for ZIP 23603 (Newport News 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 23603 (2020–Present)
Since 2020, population declined 14.6%, median income rose 23.0% (inflation-adjusted), home values increased 12.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $85,762 |
| Unemployment | 9.4% |
| Establishments | 74 |
| Employees | 2,691 |