Income & Economy in Portsmouth city, VA (23707)
Median Income
$51,070
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+808
Wealth inflow
Population
14,311
Unemployment
4.7%
1.0pp above US avg
IRS migration statistics show a net inflow of about 808 for ZIP 23707 (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 23707 (2020–Present)
Since 2020, population grew 1.2%, median income fell 10.7% (inflation-adjusted), home values increased 11.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $51,070 |
| Unemployment | 4.7% |
| Establishments | 310 |
| Employees | 6,023 |