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24502 Income Statistics

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Comparison to Surrounding Areas

24502 Median Household Income

The median household income ($62,537) for 24502 is less than the median household income for 24503 ($90,363), 24550 ($64,916), 24551 ($88,251), Bedford County ($74,773), Forest CDP ($78,327), and Timberlake CDP ($69,823). But it's more than 24501 ($44,000), 24515 ($-1), 24588 ($62,459), Campbell County ($59,022), Lynchburg city/county ($56,243), and Lynchburg city ($56,243).

24502$62,537
Forest CDP$78,327
Lynchburg city$56,243
Timberlake CDP$69,823
Bedford County$74,773
Campbell County$59,022
Lynchburg city/county$56,243

24502 Average Household Income

The average household income ($76,419) for 24502 is less than the average household income for 24503 ($123,841), 24550 ($83,446), 24551 ($112,968), 24588 ($76,461), Bedford County ($98,237), Forest CDP ($105,775), and Timberlake CDP ($83,847). But it's more than 24501 ($56,746), 24515 ($-1), Campbell County ($76,036), Lynchburg city/county ($74,955), and Lynchburg city ($74,955).

24502$76,419
Forest CDP$105,775
Lynchburg city$74,955
Timberlake CDP$83,847
Bedford County$98,237
Campbell County$76,036
Lynchburg city/county$74,955

24502 Per-Capita Income

The per-capita income for 24502 is $31,775. The per capita income ($31,775) for 24502 is less than the per capita income for 24550 ($32,289), 24551 ($44,101), 24503 ($50,784), Campbell County ($31,877), Bedford County ($40,552), Timberlake CDP ($35,530), and Forest CDP ($45,115). But it's more than 24501 ($22,491), 24515 ($4,610), 24588 ($31,338), Lynchburg city/county ($28,478), and Lynchburg city ($28,478).

24502$31,775
Forest CDP$45,115
Lynchburg city$28,478
Timberlake CDP$35,530
Bedford County$40,552
Campbell County$31,877
Lynchburg city/county$28,478

24502 High Income Households

3.7% of households make over $200,000 a year. The percent high income households (3.7%) for 24502 is more than 24588 (2.9%), 24501 (1.3%), 24503 (11.4%), 24515 (-1.0%), 24550 (4.5%), 24551 (11.4%), Bedford County (7.8%), Campbell County (3.8%), Lynchburg city/county (3.9%), Forest CDP (12.0%), Lynchburg city (3.9%), and Timberlake CDP (4.5%).

245023.7%
Forest CDP12.0%
Lynchburg city3.9%
Timberlake CDP4.5%
Bedford County7.8%
Campbell County3.8%
Lynchburg city/county3.9%

24502 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
24502$42,207$68,167$74,424$53,518
Forest CDP$36,688$89,086$98,068$66,084
Lynchburg city$41,793$52,955$70,560$53,438
Timberlake CDP$29,393$74,329$74,826$54,398
Bedford County$48,789$88,961$81,778$59,663
Campbell County$36,292$63,092$71,310$42,363
Lynchburg city/county$41,793$52,955$70,560$53,438

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 24502 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
24502+/-$4,130+/-$3,356+/-$1,671+/-1.0%+/-$10,136+/-$7,419+/-$9,560+/-$4,793
Forest CDP+/-$10,833+/-$10,979+/-$4,254+/-4.1%+/-$30,416+/-$2,910+/-$27,360+/-$6,800
Lynchburg city+/-$2,807+/-$3,080+/-$1,204+/-0.7%+/-$5,412+/-$8,374+/-$3,293+/-$4,977
Timberlake CDP+/-$5,515+/-$5,271+/-$2,313+/-1.6%+/-$12,247+/-$7,205+/-$10,797+/-$8,198
Bedford County+/-$3,274+/-$4,657+/-$1,787+/-1.0%+/-$18,359+/-$6,674+/-$5,029+/-$4,717
Campbell County+/-$3,716+/-$2,775+/-$1,071+/-0.8%+/-$4,615+/-$8,612+/-$4,763+/-$4,882
Lynchburg city/county+/-$2,807+/-$3,080+/-$1,204+/-0.7%+/-$5,412+/-$8,374+/-$3,293+/-$4,977