24550 can be classified socioeconomically as Lower Middle Class class compared to other ZIP Codes in Virginia based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 24550 is White. The current unemployment level in 24550 is 3.8%.
| Population | 8,040 |
| Population Growth Rate | -2.10% |
| Population Density | 133 People per Square Mile |
| Total Households | 2,593 |
| Percentage High Income Households | 1.1% |
| Median Household Income (2021) | $65,489 |
| Average Adjusted Gross Income (2021) | $340,090 |
| Current Unemployment Rate (May 2026) | 3.8% |
| Sales Tax Rate (2025) | 5.3% |
| Majority Race/Ethnicty | White - 85.01% |
24550 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 6,494 | 85.01% |
| Black | 837 | 10.96% |
| Hispanic | 57 | 0.75% |
| Asian | 188 | 2.46% |
| Native American | 63 | 0.82% |
| Hawaiian/Pac. Islander | 0 | 0% |
24550 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 518 | 11.8% |
| Bachelor Degree | 553 | 12.6% |
| High School Diploma | 1,459 | 33.23% |
| No High School Diploma | 110 | 2.51% |
| GED or Alternate | 273 | 6.22% |
| 1 or More Years of College | 760 | 17.31% |
| Associates Degree | 502 | 11.44% |
| Masters Degree | 134 | 3.05% |
| Professional Degree | 6 | 0.14% |
| Doctorate Degree | 75 | 1.71% |