Income & Economy in Waco city, TX (76705)
Median Income
$54,881
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,498
Wealth inflow
Population
31,750
Unemployment
4.5%
0.8pp above US avg
IRS migration statistics show a net inflow of about 1,498 for ZIP 76705 (Waco city, TX) 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 76705 (2020–Present)
Since 2020, population declined 0.4%, median income rose 7.1% (inflation-adjusted), home values increased 29.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $54,881 |
| Unemployment | 4.5% |
| Establishments | 498 |
| Employees | 9,781 |