Income & Economy in Pennington Gap town, VA (24277)
Median Income
$33,102
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+360
Wealth inflow
Population
6,379
Unemployment
15.4%
11.7pp above US avg
IRS migration statistics show a net inflow of about 360 for ZIP 24277 (Pennington Gap 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 24277 (2020–Present)
Since 2020, population declined 5.2%, median income fell 5.4% (inflation-adjusted), home values decreased 16.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $33,102 |
| Unemployment | 15.4% |
| Establishments | 98 |
| Employees | 1,040 |