Income & Economy in Albany city, NY (12208)
Median Income
$69,505
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,034
Wealth inflow
Population
23,936
Unemployment
5.3%
1.5pp above US avg
IRS migration statistics show a net inflow of about 1,034 for ZIP 12208 (Albany city, NY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 12208 (2020–Present)
Since 2020, population grew 16.7%, median income fell 6.8% (inflation-adjusted), home values increased 2.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $69,505 |
| Unemployment | 5.3% |
| Establishments | 346 |
| Employees | 22,581 |