Income & Economy in Newport News city, VA (23608)
Median Income
$67,556
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,474
Wealth inflow
Population
43,841
Unemployment
6.4%
2.7pp above US avg
IRS migration statistics show a net inflow of about 2,474 for ZIP 23608 (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 23608 (2020–Present)
Since 2020, population grew 4.0%, median income fell 4.3% (inflation-adjusted), home values increased 7.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $67,556 |
| Unemployment | 6.4% |
| Establishments | 512 |
| Employees | 5,179 |