Income & Economy in Hereford city, TX (79045)
Median Income
$54,207
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+870
Wealth inflow
Population
18,441
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 870 for ZIP 79045 (Hereford 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 79045 (2020–Present)
Since 2020, population declined 1.4%, median income fell 9.1% (inflation-adjusted), home values increased 4.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $54,207 |
| Unemployment | 3.3% |
| Establishments | 340 |
| Employees | 5,971 |