24551 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 24551, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

24551 is a zip code in Bedford County, Campbell County, and Lynchburg city, Virginia, which covers Center, Jefferson, Timberlake, and Lynchburg, with a total population of 26,376 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 24551 zip code. The most basic data is the total population, which is the total number of people living in 24551.

The estimated population of people living in 24551 is 26,376, with a median age of 42.9.

We can look back at data from previous years to see how the population in the 24551 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
26,376
 -1.04% +8.16%
2020
26,654
+4.02%
-
2019
25,625
+3%
-
2018
24,879
+2.02%
-
2017
24,387
 - -

Population of 24551 by Race and Ethnicity

How much has the race and ethnicity of the population in the 24551 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
82.3%
84.8%
 -2.95%
Black/African American
7%
5.6%
 +25.00%
Native
0.2%
0.1%
 +100.00%
Hispanic
4%
2.6%
 +53.85%
Asian
2.2%
4.6%
 -52.17%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
3.7%
2.1%
 +76.19%
Other
0.6%
0.2%
 +200.00%

This data can be very important for anybody studying the 24551 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 24551 by Age and Gender

We can also monitor the change of the age and gender in the 24551 zip code to track track trends in the population over time.

We can see how the population in 24551 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 42.9 +1.42% 42.5 +4.17% 43.6 +0.23%
2020 42.3 +2.42% 40.8 +0.49% 43.5 +4.32%
2019 41.3 -3.28% 40.6 +0.25% 41.7 -5.87%
2018 42.7 -3.17% 40.5 -2.64% 44.3 -3.49%
2017 44.1 - 41.6 - 45.9 -

The median age of the 24551 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 24551 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 1,432 +18.14% 1,044 +25.54% 1,705 1,328
10 to 19 1,847 -13.37% 1,680 +15.88% 1,596 1,959
20 to 29 1,454 -13.92% 1,187 +32.41% 1,232 1,561
30 to 39 1,095 +37.68% 1,250 +9.14% 1,558 1,347
40 to 49 1,614 0.33% 1,742 -2.56% 1,611 1,686
50 to 59 1,892 +2% 2,075 -2.27% 1,916 2,018
60 to 69 1,617 +18.91% 1,630 +6.46% 1,920 1,703
70+ 1,260 +14.06% 1,568 +14.35% 1,439 1,797

Median Household Income

The latest median household income for the 24551 zip code is $83,995.00.

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 24551.

  • Under 25
    $45,682.00
  • 25 to 44
    $107,618.00
  • 45 to 64
    $94,695.00
  • 65 and over
    $61,752.00

Average Household Income

Whenever we ask what is the average household income in the 24551 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 24551, 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 24551 is currently $107,919.00.

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.

11.39% of households in 24551 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 24551 against other zip codes.

  • Less than $24,999
    7.35%
  • $25,000 to $49,999
    15.92%
  • $50,000 to $74,999
    18.62%
  • $75,000 to $99,999
    15.07%
  • $100,000 to $149,999
    23.62%
  • $150,000 to $199,999
    8.03%
  • $200,000 or more
    11.39%

Per Capita Income

The per capita income in 24551 is $41,962.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 24551 by the total population of 24551.

This is different from the average or mean income because it includes and accounts for all people living in the 24551 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 24551 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
    20.98%
  • Bachelor's degree
    41.26%
  • Some college or associate's degree
    10.22%
  • High school diploma or equivalent
    26.66%
  • Less than high school diploma
    0.88%

Employment

Employment rates are all based around the total population in 24551 that are over the age of 16.

Currently, the total population of the 24551 zip over the age of 16 is 21,315.

Of those people, a total of 63.90% 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 24551 is 61.50%.

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 24551 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,527 30.50% 13.10%
20 to 24 years 1,548 84.10% 11.20%
25 to 29 years 1,245 71.70% 8.50%
30 to 34 years 1,374 86.70% 3.60%
35 to 44 years 3,122 84.00% 1.60%
45 to 54 years 3,635 89.90% 1.20%
55 to 59 years 2,005 78.50% 2.10%
60 to 64 years 2,241 69.40% 0.00%
65 to 74 years 2,877 19.30% 1.80%
75 years and over 1,741 10.90% 5.80%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 24551. 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 18,331 62.80% 3.10%
Black or African American 1,547 78.00% 6.80%
American Indian and Alaska Native 55 18.20% 0.00%
Asian 434 61.10% 4.90%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 221 80.50% 5.10%
Two or more races 727 59.70% 0.00%
Hispanic or Latino 797 71.50% 4.70%
Not Hispanic or Latino 17,892 62.40% 3.00%

Occupations

In this section we can look at the most common occupations for people living in the 24551 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 24551 is 13,111, with median earnings of $51,142.00.

Women in 24551 are earning approximately 67.20% of the men's earnings.

Population Earnings
Total 13,111 $51,142.00
Male 7,227 $61,023.00
Female 5,884 $41,019.00

Occupations by Category

In the table below, we can break down the population and earnings for 24551 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 2,118 $74,302.00
Business and Financial 836 $68,642.00
Computer and Mathematical 433 $92,917.00
Architecture and Engineering 469 $121,445.00
Life, Physical, and Social Science 39 $76,705.00
Community and Social Service 307 $47,604.00
Legal 23 $134,375.00
Educational and Library 1,430 $44,591.00
Arts, Design, Entertainment, Sports, and Media 182 $31,618.00
Healthcare Practitioners 775 $65,546.00
Healthcare Support 247 $21,359.00
Firefighters and Protective Service 19 $0.00
Law Enforcement 92 $62,024.00
Food Preparation and Serving 400 $8,765.00
Building and Grounds Cleaning 252 $13,182.00
Personal Care and Service 366 $23,750.00
Sales 1,380 $49,091.00
Office and Administrative Support 1,365 $37,392.00
Farming, Fishing, and Forestry 1 $0.00
Construction and Extraction 721 $47,244.00
Installation, Maintenance, and Repair 283 $60,875.00
Production 691 $36,134.00
Transportation and Material Moving 381 $39,205.00

Occupations by Gender

Now we can also look at the occupations by category for 24551 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 24551.

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 1,158 $92,713.00 960 $70,958.00
Business and Financial 423 $84,611.00 413 $56,341.00
Computer and Mathematical 327 $101,875.00 106 $83,409.00
Architecture and Engineering 420 $125,417.00 49 $83,355.00
Life, Physical, and Social Science 16 $0.00 23 $0.00
Community and Social Service 103 $42,969.00 204 $48,958.00
Legal 8 $0.00 15 $0.00
Educational and Library 469 $48,417.00 961 $43,451.00
Arts, Design, Entertainment, Sports, and Media 69 $56,354.00 113 $24,063.00
Healthcare Practitioners 261 $65,229.00 514 $68,684.00
Healthcare Support 12 $0.00 235 $21,477.00
Firefighters and Protective Service 12 $0.00 7 $0.00
Law Enforcement 92 $62,024.00 0 $0.00
Food Preparation and Serving 212 $8,858.00 188 $7,366.00
Building and Grounds Cleaning 192 $28,235.00 60 $8,472.00
Personal Care and Service 61 $10,104.00 305 $26,797.00
Sales 859 $63,125.00 521 $14,253.00
Office and Administrative Support 332 $52,232.00 1,033 $30,867.00
Farming, Fishing, and Forestry 1 $0.00 0 $0.00
Construction and Extraction 721 $47,244.00 0 $0.00
Installation, Maintenance, and Repair 271 $60,375.00 12 $0.00
Production 618 $39,821.00 73 $11,875.00
Transportation and Material Moving 360 $40,972.00 21 $0.00

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 10,155 households in 24551, with an average household size of 2.59 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 7,690 families living in the 24551 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 24551:

Married Male Female Nonfamily
Total Households 6,907 415 368 2,465
Average Household Size 3.05 2.34 3.49 1.22
Total Families 6,907 415 368 0
Average Household Size 3.03 2.1 3.3 0

Poverty

Of the 7,690 families living in 24551, 1.40% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 24551:

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 10,535 housing units in 24551.

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

Total Percentage
Occupied 10,155 96.39%
Vacant 380 3.61%

18.21% of the total 10,535 housing units in 24551 are rental units. This is approximately 1,918 properties.

For owner-occupied housing units, a total of 8,178 are occupied by the owner - or 77.63% of the total.

Rental Rates

The median rent for a property in 24551 is $937.00.

In the chart below, we can look at the number of rental properties in 24551 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
    59
  • Less than $500
    33
  • $500 to $999
    1,000
  • $1,000 to $1,499
    754
  • $1,500 to $1,999
    85
  • $2,000 to $2,499
    30
  • $2,500 to $2,999
    0
  • $3,000 or more
    16

Property Value

The median value of a property in 24551 is $291,000.00.

Just like with rental rates, we can look at the number of properties in 24551 that fall into a particular value range.

  • Less than $50,000
    111
  • $50,000 to $99,999
    27
  • $100,000 to $149,999
    372
  • $150,000 to $199,999
    1,204
  • $200,000 to $299,999
    2,638
  • $300,000 to $499,999
    2,855
  • $500,000 to $999,999
    890
  • $1,000,000 or more
    81

Property Age

We can also look at the age of properties in 24551. The chart below shows the number of properties in 24551 that fall into a particular age range.

  • 1939 or earlier
    121
  • 1940 to 1949
    35
  • 1950 to 1959
    166
  • 1960 to 1969
    271
  • 1970 to 1979
    1,241
  • 1980 to 1989
    2,187
  • 1990 to 1999
    2,527
  • 2000 to 2009
    2,211
  • 2010 to 2013
    1,776
  • 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 24551 that have a particular number of vehicles available.

  • No vehicles available
    310
  • 1 vehicle available
    2,019
  • 2 vehicles available
    4,295
  • 3 or more vehicles available
    3,531

Commuting to Work

In this section, we can also look at how people in 24551 get to work. The chart below shows the number of people in 24551 that commute to work in a particular way.

22.4 minutes is the average travel time to work for people in 24551.

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
    115
  • 5 to 9 minutes
    830
  • 10 to 14 minutes
    1,656
  • 15 to 19 minutes
    2,834
  • 20 to 24 minutes
    2,533
  • 25 to 29 minutes
    1,644
  • 30 to 34 minutes
    1,209
  • 35 to 39 minutes
    96
  • 40 to 44 minutes
    94
  • 45 to 59 minutes
    354
  • 60 to 89 minutes
    329
  • 90 or more minutes
    179

Summary

We've covered a LOT of demographic and population data for 24551 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 24551

If you want to see how the population and demographics of 24551 compare to other zip codes in Virginia, check out the list of all Virginia zip codes below: