Income & Economy in South Hill town, VA (23970)
Median Income
$57,225
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+457
Wealth inflow
Population
8,092
Unemployment
3.1%
0.6pp below US avg
IRS migration statistics show a net inflow of about 457 for ZIP 23970 (South Hill 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 23970 (2020–Present)
Since 2020, population grew 0.8%, median income fell 7.5% (inflation-adjusted), home values decreased 11.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $57,225 |
| Unemployment | 3.1% |
| Establishments | 340 |
| Employees | 5,121 |