24502 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 24502 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateVirginia
CityLynchburg
Time ZoneAmerica/New_York
Geo Location37.35805, -79.22058
Population40420
Size71.899 square miles
Median Family Income$71991.00
Median Home Value$173800.00

Population & Demographics

The following information lists the population statistics and breakdown for the 24502 zip code. The total population is 40420, of which, 19177 are male and 21243 are female. With a total area of 71.899 square miles, the population density is 640.4 people per square mile. The median age of the population is 32.1 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
201143202
201244312
201344647
201445728
201546545
201646432
201746070
201845406
201946044
202045450
202140420

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 24726.1%
Age 5-915683.9%
Age 10-1422805.6%
Age 15-1920895.2%
Age 20-24633715.7
Age 25-29405910%
Age 30-3429267.2%
Age 35-3921115.2%
Age 40-442139 5.3%
Age 45-4917954.4%
Age 50-5417994.5%
Age 55-5923145.7%
Age 60-6420685.1%
Age 65-6917544.3%
Age 70-7413163.3%
Age 75-7913143.3%
Age 80-848172%
Age 85 and over12623.1%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 9.3 %
  • Speaks Spanish: 3.8 %
  • Speaks Other Indo-European Language: 1.2 %
  • Speaks Pacific Island Languages: 2.4 %
  • Speak Other Languages: 1.9 %
Marital Status: 
  • Currently Married: 47.3 %
  • Divorced: 8.4 %
  • Separated (not divorced): 1.4 %
  • Never Married: 36.5 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 24502 zip code is $71991. This is -16.62% less than the national average. This income places 12.7% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $21984. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.00265
$10,000.00 – $14,999.0068
$15,000.00 – $24,999.00325
$25,000.00 – $34,999.00884
$35,000.00 – $49,999.001393
$50,000.00 – $74,999.002195
$75,000.00 – $99,999.001383
$100,000.00 – $149,999.002068
$150,000.00 – $199,999,00896
$200,000.00 +285

YearMedian Family Income ($ USD)
201155738
201256902
201352775
201454794
201554151
201658460
201761207
201865092
201965913
202067359
202171991

Income Source# of Households
Wage or Salary12715
Self Employment1553
Social Security4913
Dividends, Interest, or Rental3141
Retirement4214
Other1627

Total Insured & Uninsured Individuals: 
  • Families Insure: 37277
  • Families Uninsured: 2617
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 4214
  • No retirement income: 12474

Education

In the 24502 zip code, 91.6% of individuals over 25 years old have a high school degree or higher, and 40.2% have a bachelors degree or higher. Additionally, 42.2% of individuals 3 years and older are in private school, and 57.8% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 24502 zip, there are an estimated 22044 people in the labor force, of which, 20996 are employed, and 971 are unemployed. There are a total of 77 people in the armed forces. The average commute time for this zip code is 17.3 minutes. Of the total people that work, 1395 worked from home and 20689 commuted. The average number of hours worked is 37.6. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts9707
Services4080
Sales and Office3639
Construction and Maintenance:1262
Transportation and Material Moving2308





Housing

The median home value for the 24502 zip code is 173800. There is an estimated  16688 number of occupied housing units, the median gross rent in is $1025 per month, and the average monthly housing costs are estimated to be $983. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000258
$50,000 – $99,000472
$100,000 – $149,9991807
$150,000 – $199,9993406
$200,000 – $299,9992102
$300,000 – $499,999464
$500,000 – $999,999150
$1,000,000+13

Home Year BuiltNumber of Homes
2020 or Later77
2010 – 20191753
2000 – 20093013
1980 – 19993380
1960 – 19795368
1940 – 19592404
1939 or earlier693

The median number of rooms in all housing units is 5.5 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500213
$500 – $9993463
$1,000 – $1,4993404
$1,500 – $1,999584
$2,000 – $2,499135
$2,499 – $2,99955
$3,000 + 20

Monthly Housing Costs ($)Number of Households
Less than 300790
300-4991888
500-7992755
800-9993150
1000-14996030
1500-19991367
2000-2499389
2500-299999
3000+78

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%3251
20%-24.9%589
25%-29.9%595
30%-34.9%292
35+%699



# of VehiclesHouseholds
None1011
14972
27126
3+3579
Home Heating Characteristics: 
  • Utility Gas: 9.7 %
  • Bottle Tank or LP Gas: 0.8 %
  • Electricity: 84.5 %
  • Oil or Kerosene etc: 4.1 %
  • Coal or Coke: 0 %
  • All Other: 0.5 %

Related Zip Codes


All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.