Income & Economy in Lynchburg city, VA (24501)
Median Income
$45,305
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,489
Wealth inflow
Population
26,393
Unemployment
6.6%
2.9pp above US avg
IRS migration statistics show a net inflow of about 1,489 for ZIP 24501 (Lynchburg 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 24501 (2020–Present)
Since 2020, population declined 5.2%, median income fell 2.0% (inflation-adjusted), home values increased 15.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $45,305 |
| Unemployment | 6.6% |
| Establishments | 815 |
| Employees | 20,976 |