Income & Economy in Drakes Branch town, VA (23937)
Median Income
$37,118
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+117
Wealth inflow
Population
2,079
Unemployment
1.4%
2.3pp below US avg
IRS migration statistics show a net inflow of about 117 for ZIP 23937 (Drakes Branch 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 23937 (2020–Present)
Since 2020, population declined 3.0%, median income fell 19.7% (inflation-adjusted), home values decreased 1.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $37,118 |
| Unemployment | 1.4% |
| Establishments | 31 |
| Employees | 165 |