24551 Income Statistics

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Comparison to Surrounding Areas

24551 Median Household Income

The median household income ($88,251) for 24551 is less than the median household income for 24503 ($90,363) and 24536 ($156,250). But it's more than 24526 ($68,585), 24104 ($80,650), 24502 ($62,537), 24556 ($86,354), 24550 ($64,916), Bedford County ($74,773), Campbell County ($59,022), Lynchburg city/county ($56,243), Timberlake CDP ($69,823), Lynchburg city ($56,243), and Forest CDP ($78,327).

24551	$88,251
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

24551 Average Household Income

The average household income ($112,968) for 24551 is less than the average household income for 24104 ($128,367), 24503 ($123,841), and 24536 ($170,491). But it's more than 24550 ($83,446), 24526 ($75,513), 24502 ($76,419), 24556 ($107,175), Bedford County ($98,237), Campbell County ($76,036), Lynchburg city/county ($74,955), Timberlake CDP ($83,847), Lynchburg city ($74,955), and Forest CDP ($105,775).

24551	$112,968
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

24551 Per-Capita Income

The per-capita income for 24551 is $44,101. The per capita income ($44,101) for 24551 is less than the per capita income for 24104 ($64,339), 24503 ($50,784), 24536 ($53,353), 24556 ($44,329), and Forest CDP ($45,115). But it's more than 24550 ($32,289), 24526 ($31,302), 24502 ($31,775), Bedford County ($40,552), Campbell County ($31,877), Lynchburg city/county ($28,478), Timberlake CDP ($35,530), and Lynchburg city ($28,478).

24551	$44,101
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

24551 High Income Households

11.4% of households make over $200,000 a year. The percent high income households (11.4%) for 24551 is more than 24556 (14.0%), 24104 (11.6%), 24502 (3.7%), 24503 (11.4%), 24526 (1.0%), 24536 (17.0%), 24550 (4.5%), Campbell County (3.8%), Lynchburg city/county (3.9%), Bedford County (7.8%), Forest CDP (12.0%), Lynchburg city (3.9%), and Timberlake CDP (4.5%).

24551	11.4%
Forest CDP	12.0%
Lynchburg city	3.9%
Timberlake CDP	4.5%
Bedford County	7.8%
Campbell County	3.8%
Lynchburg city/county	3.9%

24551 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
24551	$35,625	$109,958	$94,375	$66,518
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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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 24551 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
24551	+/-$5,059	+/-$6,454	+/-$2,763	+/-2.4%	+/-$25,852	+/-$21,537	+/-$13,148	+/-$5,834
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