Income & Economy in Martinsville city, VA (24112)
Median Income
$47,059
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,742
Wealth inflow
Population
30,862
Unemployment
4.1%
0.4pp above US avg
IRS migration statistics show a net inflow of about 1,742 for ZIP 24112 (Martinsville 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 24112 (2020–Present)
Since 2020, population grew 7.2%, median income rose 4.5% (inflation-adjusted), home values increased 6.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $47,059 |
| Unemployment | 4.1% |
| Establishments | 771 |
| Employees | 14,208 |