Income & Economy in Lynchburg city, VA (24504)
Median Income
$50,739
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+534
Wealth inflow
Population
9,471
Unemployment
4.3%
0.6pp above US avg
IRS migration statistics show a net inflow of about 534 for ZIP 24504 (Lynchburg 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 24504 (2020–Present)
Since 2020, population grew 1.5%, median income rose 4.9% (inflation-adjusted), home values increased 4.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $50,739 |
| Unemployment | 4.3% |
| Establishments | 341 |
| Employees | 8,597 |