Income & Economy in Springfield city, IL (62704)
Median Income
$66,352
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,204
Wealth inflow
Population
39,597
Unemployment
5.9%
2.2pp above US avg
IRS migration statistics show a net inflow of about 2,204 for ZIP 62704 (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 62704 (2020–Present)
Since 2020, population declined 2.8%, median income rose 3.8% (inflation-adjusted), home values increased 2.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $66,352 |
| Unemployment | 5.9% |
| Establishments | 1,329 |
| Employees | 19,334 |