Income & Economy in Clifton Forge town, VA (24422)
Median Income
$48,235
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+312
Wealth inflow
Population
5,537
Unemployment
2.8%
0.9pp below US avg
IRS migration statistics show a net inflow of about 312 for ZIP 24422 (Clifton Forge 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 24422 (2020–Present)
Since 2020, population declined 7.0%, median income fell 6.8% (inflation-adjusted), home values decreased 10.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $48,235 |
| Unemployment | 2.8% |
| Establishments | 96 |
| Employees | 795 |