Income & Economy in Roanoke city, VA (24016)
Median Income
$43,727
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+555
Wealth inflow
Population
9,828
Unemployment
5.9%
2.2pp above US avg
IRS migration statistics show a net inflow of about 555 for ZIP 24016 (Roanoke 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 24016 (2020–Present)
Since 2020, population grew 10.3%, median income rose 26.3% (inflation-adjusted), home values decreased 6.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $43,727 |
| Unemployment | 5.9% |
| Establishments | 480 |
| Employees | 7,701 |