Income & Economy in Hiwassee CDP, VA (24347)
Median Income
$58,625
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+87
Wealth inflow
Population
1,549
Unemployment
4.1%
0.4pp above US avg
IRS migration statistics show a net inflow of about 87 for ZIP 24347 (Hiwassee CDP, 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 24347 (2020–Present)
Since 2020, population grew 15.5%, median income fell 8.9% (inflation-adjusted), home values decreased 29.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $58,625 |
| Unemployment | 4.1% |
| Establishments | 17 |
| Employees | 79 |