Income & Economy in Hagerstown city, MD (21740)
Median Income
$59,410
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+3,710
Wealth inflow
Population
63,140
Unemployment
6.1%
2.4pp above US avg
IRS migration statistics show a net inflow of about 3,710 for ZIP 21740 (Hagerstown city, MD) 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 21740 (2020–Present)
Since 2020, population grew 3.6%, median income rose 2.5% (inflation-adjusted), home values increased 12.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $59,410 |
| Unemployment | 6.1% |
| Establishments | 1,814 |
| Employees | 36,427 |