Income & Economy in Cluster Springs CDP, VA (24520)
Median Income
$39,773
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+126
Wealth inflow
Population
2,225
Unemployment
0.0%
3.7pp below US avg
IRS migration statistics show a net inflow of about 126 for ZIP 24520 (Cluster Springs 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 24520 (2020–Present)
Since 2020, population grew 3.1%, median income fell 34.7% (inflation-adjusted), home values increased 9.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $39,773 |
| Unemployment | 0.0% |
| Establishments | 29 |
| Employees | 312 |