Income & Economy in Newsoms town, VA (23874)
Median Income
$56,891
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+40
Wealth inflow
Population
714
Unemployment
6.7%
3.0pp above US avg
IRS migration statistics show a net inflow of about 40 for ZIP 23874 (Newsoms town, 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 23874 (2020–Present)
Since 2020, population declined 9.6%, median income fell 8.9% (inflation-adjusted), home values decreased 26.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $56,891 |
| Unemployment | 6.7% |
| Establishments | 8 |
| Employees | 108 |