24055 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 24055, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

24055 is a zip code in Franklin County, Henry County, and Patrick County, Virginia, which covers Blue Ridge, Snow Creek, Blackberry, Collinsville, Horsepasture, Reed Creek, Mayo River, and Smith River, with a total population of 11,503 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 24055 zip code. The most basic data is the total population, which is the total number of people living in 24055.

The estimated population of people living in 24055 is 11,503, with a median age of 50.2.

We can look back at data from previous years to see how the population in the 24055 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
11,503
 -3.64% -12.15%
2020
11,938
 -3.74% -
2019
12,402
 -7.59% -
2018
13,420
+2.49%
-
2017
13,094
 - -

Population of 24055 by Race and Ethnicity

How much has the race and ethnicity of the population in the 24055 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
82.2%
79.1%
 +3.92%
Black/African American
11.7%
12.3%
 -4.88%
Native
0%
0%
 0.00%
Hispanic
5.6%
5.9%
 -5.08%
Asian
0%
0.1%
 -100.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
0.6%
1.5%
 -60.00%
Other
0%
1.1%
 -100.00%

This data can be very important for anybody studying the 24055 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 24055 by Age and Gender

We can also monitor the change of the age and gender in the 24055 zip code to track track trends in the population over time.

We can see how the population in 24055 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 50.2 -0.4% 48.3 -1.02% 51.1 -0.78%
2020 50.4 +8.39% 48.8 +7.49% 51.5 +8.42%
2019 46.5 +2.88% 45.4 +1.34% 47.5 +3.04%
2018 45.2 +0.44% 44.8 +0.9% 46.1 +0.22%
2017 45 - 44.4 - 46 -

The median age of the 24055 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 24055 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 811 -31.18% 729 -6.41% 576 642
10 to 19 676 -23.08% 577 -13.58% 508 486
20 to 29 643 +4.47% 897 -38.62% 668 591
30 to 39 682 -43.71% 695 -62.15% 425 344
40 to 49 806 -6.13% 821 -9.15% 745 742
50 to 59 910 -15.76% 886 -7.45% 751 809
60 to 69 855 +19.62% 1,081 -15.73% 1,026 904
70+ 964 +9.89% 1,061 +17.79% 1,054 1,232

Median Household Income

The latest median household income for the 24055 zip code is $33,757.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 24055.

  • Under 25
    $29,573.00
  • 25 to 44
    $43,750.00
  • 45 to 64
    $37,971.00
  • 65 and over
    $28,163.00

Average Household Income

Whenever we ask what is the average household income in the 24055 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 24055, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 24055 is currently $50,534.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

1.17% of households in 24055 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 24055 against other zip codes.

  • Less than $24,999
    39.25%
  • $25,000 to $49,999
    24.05%
  • $50,000 to $74,999
    18.25%
  • $75,000 to $99,999
    5.96%
  • $100,000 to $149,999
    7.86%
  • $150,000 to $199,999
    3.46%
  • $200,000 or more
    1.17%

Per Capita Income

The per capita income in 24055 is $23,227.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 24055 by the total population of 24055.

This is different from the average or mean income because it includes and accounts for all people living in the 24055 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 24055 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    8.47%
  • Bachelor's degree
    22.94%
  • Some college or associate's degree
    17.83%
  • High school diploma or equivalent
    49.54%
  • Less than high school diploma
    1.22%

Employment

Employment rates are all based around the total population in 24055 that are over the age of 16.

Currently, the total population of the 24055 zip over the age of 16 is 9,775.

Of those people, a total of 44.10% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 24055 is 41.20%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 24055 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 484 28.10% 22.80%
20 to 24 years 779 73.00% 13.70%
25 to 29 years 480 76.00% 0.00%
30 to 34 years 461 60.10% 5.10%
35 to 44 years 1,261 77.20% 4.90%
45 to 54 years 1,246 64.30% 4.70%
55 to 59 years 848 67.10% 12.80%
60 to 64 years 1,207 29.70% 0.00%
65 to 74 years 1,691 10.10% 0.00%
75 years and over 1,318 7.10% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 24055. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 8,368 44.80% 5.10%
Black or African American 1,189 32.70% 22.90%
American Indian and Alaska Native 0 0.00% 0.00%
Asian 0 0.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 84 89.30% 0.00%
Two or more races 134 73.90% 0.00%
Hispanic or Latino 378 54.50% 0.00%
Not Hispanic or Latino 8,162 45.00% 5.30%

Occupations

In this section we can look at the most common occupations for people living in the 24055 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 24055 is 4,031, with median earnings of $32,873.00.

Women in 24055 are earning approximately 74.60% of the men's earnings.

Population Earnings
Total 4,031 $32,873.00
Male 2,127 $35,881.00
Female 1,904 $26,750.00

Occupations by Category

In the table below, we can break down the population and earnings for 24055 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 259 $49,769.00
Business and Financial 260 $70,889.00
Computer and Mathematical 39 $0.00
Architecture and Engineering 0 $0.00
Life, Physical, and Social Science 19 $0.00
Community and Social Service 100 $32,155.00
Legal 20 $0.00
Educational and Library 255 $44,547.00
Arts, Design, Entertainment, Sports, and Media 23 $0.00
Healthcare Practitioners 358 $36,622.00
Healthcare Support 152 $21,458.00
Firefighters and Protective Service 39 $100,179.00
Law Enforcement 16 $0.00
Food Preparation and Serving 137 $10,179.00
Building and Grounds Cleaning 197 $19,856.00
Personal Care and Service 69 $9,485.00
Sales 345 $20,446.00
Office and Administrative Support 617 $29,044.00
Farming, Fishing, and Forestry 5 $0.00
Construction and Extraction 143 $34,432.00
Installation, Maintenance, and Repair 143 $48,854.00
Production 526 $28,563.00
Transportation and Material Moving 111 $43,220.00

Occupations by Gender

Now we can also look at the occupations by category for 24055 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 24055.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 213 $51,250.00 46 $43,636.00
Business and Financial 120 $71,759.00 140 $43,500.00
Computer and Mathematical 22 $0.00 17 $0.00
Architecture and Engineering 0 $0.00 0 $0.00
Life, Physical, and Social Science 19 $0.00 0 $0.00
Community and Social Service 72 $32,432.00 28 $0.00
Legal 20 $0.00 0 $0.00
Educational and Library 11 $0.00 244 $44,440.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00 23 $0.00
Healthcare Practitioners 84 $0.00 274 $39,722.00
Healthcare Support 0 $0.00 152 $21,458.00
Firefighters and Protective Service 39 $100,179.00 0 $0.00
Law Enforcement 16 $0.00 0 $0.00
Food Preparation and Serving 93 $6,917.00 44 $11,429.00
Building and Grounds Cleaning 136 $33,611.00 61 $12,460.00
Personal Care and Service 27 $9,485.00 42 $0.00
Sales 196 $28,816.00 149 $12,388.00
Office and Administrative Support 234 $36,726.00 383 $22,679.00
Farming, Fishing, and Forestry 5 $0.00 0 $0.00
Construction and Extraction 130 $34,924.00 13 $0.00
Installation, Maintenance, and Repair 143 $48,854.00 0 $0.00
Production 388 $31,625.00 138 $25,500.00
Transportation and Material Moving 74 $43,750.00 37 $42,989.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 4,948 households in 24055, with an average household size of 2.29 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 2,975 families living in the 24055 zip code with an average family size of 2.99 people.

Households by Marital Status

The four categories of household by marital status are:

  • Married-couple family
  • Male householder with no spouse present
  • Female household with no spouse present
  • Nonfamily household

The table below shows the total number of households and families, with the average sizes of each, that live in 24055:

Married Male Female Nonfamily
Total Households 2,172 269 534 1,973
Average Household Size 2.9 4.26 3.3 1.09
Total Families 2,172 269 534 0
Average Household Size 2.86 3.61 3.19 0

Poverty

Of the 2,975 families living in 24055, 15.80% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 24055:

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Housing

There are 6,135 housing units in 24055.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 4,948 80.65%
Vacant 1,187 19.35%

18.42% of the total 6,135 housing units in 24055 are rental units. This is approximately 1,130 properties.

For owner-occupied housing units, a total of 3,668 are occupied by the owner - or 59.79% of the total.

Rental Rates

The median rent for a property in 24055 is $527.00.

In the chart below, we can look at the number of rental properties in 24055 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    150
  • Less than $500
    471
  • $500 to $999
    644
  • $1,000 to $1,499
    15
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 24055 is $91,700.00.

Just like with rental rates, we can look at the number of properties in 24055 that fall into a particular value range.

  • Less than $50,000
    681
  • $50,000 to $99,999
    1,421
  • $100,000 to $149,999
    665
  • $150,000 to $199,999
    330
  • $200,000 to $299,999
    452
  • $300,000 to $499,999
    60
  • $500,000 to $999,999
    59
  • $1,000,000 or more
    0

Property Age

We can also look at the age of properties in 24055. The chart below shows the number of properties in 24055 that fall into a particular age range.

  • 1939 or earlier
    386
  • 1940 to 1949
    292
  • 1950 to 1959
    576
  • 1960 to 1969
    1,326
  • 1970 to 1979
    1,443
  • 1980 to 1989
    973
  • 1990 to 1999
    679
  • 2000 to 2009
    286
  • 2010 to 2013
    174
  • 2014 or later
    0

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 24055 that have a particular number of vehicles available.

  • No vehicles available
    406
  • 1 vehicle available
    1,574
  • 2 vehicles available
    1,407
  • 3 or more vehicles available
    1,561

Commuting to Work

In this section, we can also look at how people in 24055 get to work. The chart below shows the number of people in 24055 that commute to work in a particular way.

27.3 minutes is the average travel time to work for people in 24055.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    131
  • 5 to 9 minutes
    203
  • 10 to 14 minutes
    452
  • 15 to 19 minutes
    558
  • 20 to 24 minutes
    846
  • 25 to 29 minutes
    435
  • 30 to 34 minutes
    540
  • 35 to 39 minutes
    78
  • 40 to 44 minutes
    74
  • 45 to 59 minutes
    63
  • 60 to 89 minutes
    275
  • 90 or more minutes
    116

Summary

We've covered a LOT of demographic and population data for 24055 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 24055

If you want to see how the population and demographics of 24055 compare to other zip codes in Virginia, check out the list of all Virginia zip codes below: