Income & Economy in Galveston city, TX (77550)
Median Income
$46,262
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,111
Wealth inflow
Population
23,542
Unemployment
8.4%
4.7pp above US avg
IRS migration statistics show a net inflow of about 1,111 for ZIP 77550 (Galveston 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 77550 (2020–Present)
Since 2020, population grew 8.4%, median income fell 6.8% (inflation-adjusted), home values increased 33.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $46,262 |
| Unemployment | 8.4% |
| Establishments | 697 |
| Employees | 11,252 |