Income & Economy in Springfield city, IL (62703)
Median Income
$44,580
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,604
Wealth inflow
Population
28,820
Unemployment
12.2%
8.5pp above US avg
IRS migration statistics show a net inflow of about 1,604 for ZIP 62703 (Springfield city, IL) 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 62703 (2020–Present)
Since 2020, population declined 2.8%, median income fell 3.0% (inflation-adjusted), home values decreased 8.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $44,580 |
| Unemployment | 12.2% |
| Establishments | 839 |
| Employees | 15,002 |