Income & Economy in Chatham town, VA (24531)
Median Income
$46,706
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+514
Wealth inflow
Population
9,107
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 514 for ZIP 24531 (Chatham 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 24531 (2020–Present)
Since 2020, population grew 4.7%, median income fell 22.2% (inflation-adjusted), home values decreased 2.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $46,706 |
| Unemployment | 3.3% |
| Establishments | 194 |
| Employees | 2,529 |