Income & Economy in Niagara Falls city, NY (14305)
Median Income
$49,588
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+710
Wealth inflow
Population
16,433
Unemployment
11.3%
7.6pp above US avg
IRS migration statistics show a net inflow of about 710 for ZIP 14305 (Niagara Falls 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 14305 (2020–Present)
Since 2020, population declined 3.5%, median income rose 7.7% (inflation-adjusted), home values increased 15.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $49,588 |
| Unemployment | 11.3% |
| Establishments | 233 |
| Employees | 3,017 |