24620 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 24620, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

24620 is a zip code in Buchanan County, Virginia, which covers Knox, North Grundy, and Rock Lick, with a total population of 2,632 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 24620 zip code. The most basic data is the total population, which is the total number of people living in 24620.

The estimated population of people living in 24620 is 2,632, with a median age of 44.

We can look back at data from previous years to see how the population in the 24620 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
2,632
 -19.95% -4.40%
2020
3,288
+12.14%
-
2019
2,932
+13.03%
-
2018
2,594
 -5.78% -
2017
2,753
 - -

Population of 24620 by Race and Ethnicity

How much has the race and ethnicity of the population in the 24620 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
93.8%
99.2%
 -5.44%
Black/African American
0%
0%
 0.00%
Native
0%
0%
 0.00%
Hispanic
0%
0%
 0.00%
Asian
0%
0%
 0.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
6.2%
0.8%
 +675.00%
Other
0%
0%
 0.00%

This data can be very important for anybody studying the 24620 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 24620 by Age and Gender

We can also monitor the change of the age and gender in the 24620 zip code to track track trends in the population over time.

We can see how the population in 24620 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 44 -1.79% 45.6 +0.22% 38.6 -13.26%
2020 44.8 -7.63% 45.5 -6.19% 44.5 -9.37%
2019 48.5 -4.15% 48.5 +0.21% 49.1 -9.24%
2018 50.6 +4.33% 48.4 +5.45% 54.1 +6.08%
2017 48.5 - 45.9 - 51 -

The median age of the 24620 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 24620 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 9 115 -25.35% 126 +34.13% 75 155
10 to 19 141 +3.23% 142 +57.59% 143 163
20 to 29 159 46.35% 132 +74.58% 149 183
30 to 39 127 +66.78% 144 26.25% 212 139
40 to 49 225 -18.57% 163 23.8% 145 145
50 to 59 232 -2.78% 390 -88.44% 221 116
60 to 69 144 +62.05% 174 +37.94% 248 242
70+ 149 +11.27% 190 -14.52% 166 130

Median Household Income

The latest median household income for the 24620 zip code is $32,870.00.

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 24620.

  • Under 25
    $0.00
  • 25 to 44
    $56,579.00
  • 45 to 64
    $43,224.00
  • 65 and over
    $24,881.00

Average Household Income

Whenever we ask what is the average household income in the 24620 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 24620, 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 24620 is currently $48,638.00.

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.

1.23% of households in 24620 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 24620 against other zip codes.

  • Less than $24,999
    33.56%
  • $25,000 to $49,999
    43.84%
  • $50,000 to $74,999
    10.55%
  • $75,000 to $99,999
    5.07%
  • $100,000 to $149,999
    1.64%
  • $150,000 to $199,999
    4.11%
  • $200,000 or more
    1.23%

Per Capita Income

The per capita income in 24620 is $17,023.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 24620 by the total population of 24620.

This is different from the average or mean income because it includes and accounts for all people living in the 24620 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 24620 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
    1.43%
  • Bachelor's degree
    5.84%
  • Some college or associate's degree
    8.10%
  • High school diploma or equivalent
    84.62%
  • Less than high school diploma
    0.00%

Employment

Employment rates are all based around the total population in 24620 that are over the age of 16.

Currently, the total population of the 24620 zip over the age of 16 is 2,238.

Of those people, a total of 34.50% 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 24620 is 33.00%.

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 24620 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 142 30.30% 20.90%
20 to 24 years 132 22.00% 0.00%
25 to 29 years 200 54.00% 0.00%
30 to 34 years 171 27.50% 36.20%
35 to 44 years 318 82.70% 0.00%
45 to 54 years 373 46.90% 0.00%
55 to 59 years 116 17.20% 40.00%
60 to 64 years 263 26.20% 0.00%
65 to 74 years 343 5.50% 0.00%
75 years and over 180 0.00% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 24620. 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 2,075 37.30% 4.40%
Black or African American 0 0.00% 0.00%
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 0 0.00% 0.00%
Two or more races 163 0.00% 0.00%
Hispanic or Latino 0 0.00% 0.00%
Not Hispanic or Latino 2,075 37.30% 4.40%

Occupations

In this section we can look at the most common occupations for people living in the 24620 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 24620 is 739, with median earnings of $27,023.00.

Women in 24620 are earning approximately 83.10% of the men's earnings.

Population Earnings
Total 739 $27,023.00
Male 313 $27,403.00
Female 426 $22,778.00

Occupations by Category

In the table below, we can break down the population and earnings for 24620 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 0 $0.00
Business and Financial 37 $0.00
Computer and Mathematical 0 $0.00
Architecture and Engineering 0 $0.00
Life, Physical, and Social Science 6 $0.00
Community and Social Service 0 $0.00
Legal 14 $0.00
Educational and Library 67 $42,841.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00
Healthcare Practitioners 41 $0.00
Healthcare Support 8 $0.00
Firefighters and Protective Service 0 $0.00
Law Enforcement 0 $0.00
Food Preparation and Serving 0 $0.00
Building and Grounds Cleaning 0 $0.00
Personal Care and Service 11 $0.00
Sales 260 $12,125.00
Office and Administrative Support 5 $0.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 69 $42,434.00
Installation, Maintenance, and Repair 92 $33,643.00
Production 67 $0.00
Transportation and Material Moving 62 $31,014.00

Occupations by Gender

Now we can also look at the occupations by category for 24620 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 24620.

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 0 $0.00 0 $0.00
Business and Financial 0 $0.00 37 $0.00
Computer and Mathematical 0 $0.00 0 $0.00
Architecture and Engineering 0 $0.00 0 $0.00
Life, Physical, and Social Science 0 $0.00 6 $0.00
Community and Social Service 0 $0.00 0 $0.00
Legal 0 $0.00 14 $0.00
Educational and Library 12 $0.00 55 $37,125.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00 0 $0.00
Healthcare Practitioners 0 $0.00 41 $0.00
Healthcare Support 0 $0.00 8 $0.00
Firefighters and Protective Service 0 $0.00 0 $0.00
Law Enforcement 0 $0.00 0 $0.00
Food Preparation and Serving 0 $0.00 0 $0.00
Building and Grounds Cleaning 0 $0.00 0 $0.00
Personal Care and Service 0 $0.00 11 $0.00
Sales 83 $18,162.00 177 $4,805.00
Office and Administrative Support 5 $0.00 0 $0.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 69 $42,434.00 0 $0.00
Installation, Maintenance, and Repair 22 $0.00 70 $0.00
Production 60 $0.00 7 $0.00
Transportation and Material Moving 62 $31,014.00 0 $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 730 households in 24620, with an average household size of 3.61 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 537 families living in the 24620 zip code with an average family size of 4.4 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 24620:

Married Male Female Nonfamily
Total Households 414 26 97 193
Average Household Size 4.51 4.92 4.37 1.11
Total Families 414 26 97 0
Average Household Size 4.51 4.92 3.78 0

Poverty

Of the 537 families living in 24620, 20.70% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 24620:

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 975 housing units in 24620.

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

Total Percentage
Occupied 730 74.87%
Vacant 245 25.13%

4.92% of the total 975 housing units in 24620 are rental units. This is approximately 48 properties.

For owner-occupied housing units, a total of 618 are occupied by the owner - or 63.38% of the total.

Rental Rates

The median rent for a property in 24620 is $0.00.

In the chart below, we can look at the number of rental properties in 24620 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
    64
  • Less than $500
    19
  • $500 to $999
    29
  • $1,000 to $1,499
    0
  • $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 24620 is $60,800.00.

Just like with rental rates, we can look at the number of properties in 24620 that fall into a particular value range.

  • Less than $50,000
    196
  • $50,000 to $99,999
    304
  • $100,000 to $149,999
    86
  • $150,000 to $199,999
    32
  • $200,000 to $299,999
    0
  • $300,000 to $499,999
    0
  • $500,000 to $999,999
    0
  • $1,000,000 or more
    0

Property Age

We can also look at the age of properties in 24620. The chart below shows the number of properties in 24620 that fall into a particular age range.

  • 1939 or earlier
    39
  • 1940 to 1949
    75
  • 1950 to 1959
    101
  • 1960 to 1969
    50
  • 1970 to 1979
    259
  • 1980 to 1989
    96
  • 1990 to 1999
    230
  • 2000 to 2009
    100
  • 2010 to 2013
    25
  • 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 24620 that have a particular number of vehicles available.

  • No vehicles available
    91
  • 1 vehicle available
    103
  • 2 vehicles available
    357
  • 3 or more vehicles available
    179

Commuting to Work

In this section, we can also look at how people in 24620 get to work. The chart below shows the number of people in 24620 that commute to work in a particular way.

29 minutes is the average travel time to work for people in 24620.

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
    127
  • 5 to 9 minutes
    11
  • 10 to 14 minutes
    65
  • 15 to 19 minutes
    19
  • 20 to 24 minutes
    51
  • 25 to 29 minutes
    41
  • 30 to 34 minutes
    209
  • 35 to 39 minutes
    8
  • 40 to 44 minutes
    7
  • 45 to 59 minutes
    53
  • 60 to 89 minutes
    87
  • 90 or more minutes
    25

Summary

We've covered a LOT of demographic and population data for 24620 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 24620

If you want to see how the population and demographics of 24620 compare to other zip codes in Virginia, check out the list of all Virginia zip codes below: