Income & Economy in Bedford town, VA (24523)
Median Income
$70,074
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,210
Wealth inflow
Population
21,447
Unemployment
3.5%
0.2pp below US avg
IRS migration statistics show a net inflow of about 1,210 for ZIP 24523 (Bedford 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 24523 (2020–Present)
Since 2020, population grew 3.2%, median income rose 6.5% (inflation-adjusted), home values increased 11.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $70,074 |
| Unemployment | 3.5% |
| Establishments | 486 |
| Employees | 4,929 |