Income & Economy in Phoenix city, AZ (85029)
Median Income
$60,384
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,658
Wealth inflow
Population
49,433
Unemployment
6.9%
3.2pp above US avg
IRS migration statistics show a net inflow of about 1,658 for ZIP 85029 (Phoenix city, AZ) 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 85029 (2020–Present)
Since 2020, population grew 4.0%, median income rose 2.4% (inflation-adjusted), home values increased 26.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $60,384 |
| Unemployment | 6.9% |
| Establishments | 831 |
| Employees | 24,853 |