Income & Economy in Phenix town, VA (23959)
Median Income
$86,042
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+68
Wealth inflow
Population
1,198
Unemployment
3.0%
0.7pp below US avg
IRS migration statistics show a net inflow of about 68 for ZIP 23959 (Phenix 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 23959 (2020–Present)
Since 2020, population declined 13.1%, median income rose 24.8% (inflation-adjusted), home values decreased 9.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $86,042 |
| Unemployment | 3.0% |
| Establishments | 16 |
| Employees | 52 |