24550 Income Statistics

Comparison to Surrounding Areas

24550 Median Household Income

The median household income ($69,025) for 24550 is less than the median household income for 24551 ($91,067), 24588 ($73,231), Bedford County ($78,937), and Timberlake CDP ($75,657). But it's more than 24502 ($68,872), 24104 ($65,738), 24501 ($42,222), 24571 ($32,218), 24517 ($53,201), 24554 ($56,667), and Campbell County ($66,165).

24550$69,025
Timberlake CDP$75,657
Bedford County$78,937
Campbell County$66,165

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24550 Average Household Income

The average household income ($81,609) for 24550 is less than the average household income for 24104 ($95,173), 24551 ($116,134), 24588 ($94,936), Bedford County ($102,452), Campbell County ($82,926), and Timberlake CDP ($86,709). But it's more than 24501 ($57,902), 24502 ($81,286), 24517 ($76,942), 24554 ($70,720), and 24571 ($50,057).

24550$81,609
Timberlake CDP$86,709
Bedford County$102,452
Campbell County$82,926

Get Average Household Income for all Zip Codes in Virginia.

24550 Per-Capita Income

The per-capita income for 24550 is $33,470. The per capita income ($33,470) for 24550 is less than the per capita income for 24588 ($38,148), 24502 ($34,034), 24517 ($34,075), 24551 ($44,996), 24104 ($46,709), Campbell County ($34,966), Bedford County ($42,461), and Timberlake CDP ($39,379). But it's more than 24501 ($24,047), 24554 ($29,884), and 24571 ($22,267).

24550$33,470
Timberlake CDP$39,379
Bedford County$42,461
Campbell County$34,966

Get Per-Capita Income for all Zip Codes in Virginia.

24550 High Income Households

2.9% of households make over $200,000 a year. The percent high income households (2.9%) for 24550 is less than the percent high income households for 24588 (5.9%), 24517 (4.4%), 24551 (13.0%), 24571 (3.5%), 24104 (8.9%), 24502 (4.5%), Campbell County (4.6%), Bedford County (9.3%), and Timberlake CDP (5.2%). But it's more than 24501 (2.5%) and 24554 (2.1%).

245502.9%
Timberlake CDP5.2%
Bedford County9.3%
Campbell County4.6%

Get High Income Households for all Zip Codes in Virginia.

24550 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
24550$30,543$80,357$75,946$55,020
Timberlake CDP$41,500$79,695$80,446$54,871
Bedford County$58,583$98,008$86,142$63,298
Campbell County$39,643$74,219$77,758$47,196

Get Median Household Income by Age of Householder for all Zip Codes in Virginia.

24550 Map

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About the Data

Data Sources

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 24550 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

Margins of error for the 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+
24550+/-$13,373+/-$7,481+/-$3,269+/-2.3%+/-$26,720+/-$38,668+/-$9,854+/-$8,697
Timberlake CDP+/-$4,865+/-$5,921+/-$2,944+/-2.0%+/-$19,287+/-$13,059+/-$5,612+/-$9,560
Bedford County+/-$3,263+/-$3,911+/-$1,633+/-1.1%+/-$14,998+/-$9,106+/-$6,324+/-$5,000
Campbell County+/-$5,574+/-$3,146+/-$1,299+/-0.9%+/-$8,353+/-$7,551+/-$6,305+/-$7,147