Income & Economy in Lynchburg city, VA (24503)
Median Income
$92,025
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,127
Wealth inflow
Population
19,978
Unemployment
3.3%
0.5pp below US avg
IRS migration statistics show a net inflow of about 1,127 for ZIP 24503 (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 24503 (2020–Present)
Since 2020, population grew 1.5%, median income rose 3.6% (inflation-adjusted), home values increased 11.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $92,025 |
| Unemployment | 3.3% |
| Establishments | 354 |
| Employees | 3,736 |