Income & Economy in Ferrum CDP, VA (24088)
Median Income
$39,905
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+282
Wealth inflow
Population
4,999
Unemployment
3.6%
0.1pp below US avg
IRS migration statistics show a net inflow of about 282 for ZIP 24088 (Ferrum CDP, 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 24088 (2020–Present)
Since 2020, population grew 0.8%, median income fell 6.6% (inflation-adjusted), home values increased 7.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $39,905 |
| Unemployment | 3.6% |
| Establishments | 50 |
| Employees | 854 |