Income & Economy in New Orleans city, LA (70124)
Median Income
$121,318
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+825
Wealth inflow
Population
20,840
Unemployment
4.3%
0.6pp above US avg
IRS migration statistics show a net inflow of about 825 for ZIP 70124 (New Orleans city, LA) 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 70124 (2020–Present)
Since 2020, population grew 7.6%, median income rose 8.1% (inflation-adjusted), home values increased 6.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $121,318 |
| Unemployment | 4.3% |
| Establishments | 623 |
| Employees | 5,363 |