Income & Economy in Portsmouth city, VA (23703)
Median Income
$75,804
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,488
Wealth inflow
Population
26,364
Unemployment
4.3%
0.6pp above US avg
IRS migration statistics show a net inflow of about 1,488 for ZIP 23703 (Portsmouth 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 23703 (2020–Present)
Since 2020, population grew 1.3%, median income fell 8.6% (inflation-adjusted), home values increased 2.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $75,804 |
| Unemployment | 4.3% |
| Establishments | 274 |
| Employees | 3,384 |