Income & Economy in Norfolk city, VA (23510)
Median Income
$75,621
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+521
Wealth inflow
Population
9,240
Unemployment
4.8%
1.1pp above US avg
IRS migration statistics show a net inflow of about 521 for ZIP 23510 (Norfolk 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 23510 (2020–Present)
Since 2020, population grew 0.3%, median income rose 4.2% (inflation-adjusted), home values decreased 7.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $75,621 |
| Unemployment | 4.8% |
| Establishments | 933 |
| Employees | 18,160 |