ZIP 23860 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Hopewell city, VA (23860)

Median Income

$55,104

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,774

Wealth inflow

Population

31,432

Unemployment

9.6%

5.9pp above US avg

IRS migration statistics show a net inflow of about 1,774 for ZIP 23860 (Hopewell 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.

Economic Indicators

Unemployment

9.6%+160% vs US avg

Self-Employed

3.1%-49% vs US avg

SNAP Benefits

21.6%+85% vs US avg

448

Establishments

5,798

Employees

~13 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.5%
Construction8.1%
Manufacturing12.9%
Wholesale trade1.7%
Retail trade11.3%
Transportation, utilities8.5%
Information0.8%
Finance, insurance, real estate5.9%
Professional, scientific, management7.9%
Education, health care, social24.0%
Arts, entertainment, food services6.7%
Other services3.4%
Public administration8.3%

Household Income

Historical Trends in 23860 (2020–Present)

Since 2020, population grew 3.4%, median income rose 0.9% (inflation-adjusted), home values increased 11.9%.

Median Income

$55,104

-27% vs US avg

Unemployment Rate