Income & Economy in Elkton town, VA (22827)
Median Income
$67,425
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+584
Wealth inflow
Population
10,357
Unemployment
2.3%
1.4pp below US avg
IRS migration statistics show a net inflow of about 584 for ZIP 22827 (Elkton 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 22827 (2020–Present)
Since 2020, population declined 3.0%, median income rose 7.4% (inflation-adjusted), home values increased 12.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $67,425 |
| Unemployment | 2.3% |
| Establishments | 196 |
| Employees | 2,847 |