Income & Economy in Madison city, WI (53704)
Median Income
$75,007
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,749
Wealth inflow
Population
47,136
Unemployment
2.4%
1.3pp below US avg
IRS migration statistics show a net inflow of about 2,749 for ZIP 53704 (Madison city, WI) 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 53704 (2020–Present)
Since 2020, population grew 1.1%, median income fell 0.1% (inflation-adjusted), home values increased 14.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $75,007 |
| Unemployment | 2.4% |
| Establishments | 1,179 |
| Employees | 20,666 |