Income & Economy in Cleveland town, VA (24225)
Median Income
$26,438
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+107
Wealth inflow
Population
1,905
Unemployment
5.8%
2.1pp above US avg
IRS migration statistics show a net inflow of about 107 for ZIP 24225 (Cleveland 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 24225 (2020–Present)
Since 2020, population declined 25.5%, median income fell 2.1% (inflation-adjusted), home values increased 15.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $26,438 |
| Unemployment | 5.8% |
| Establishments | 9 |
| Employees | 78 |