Income & Economy in Monterey town, VA (24465)
Median Income
$65,500
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+73
Wealth inflow
Population
1,287
Unemployment
21.1%
17.4pp above US avg
IRS migration statistics show a net inflow of about 73 for ZIP 24465 (Monterey 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 24465 (2020–Present)
Since 2020, population declined 4.7%, median income fell 3.8% (inflation-adjusted), home values increased 9.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $65,500 |
| Unemployment | 21.1% |
| Establishments | 62 |
| Employees | 277 |