Income & Economy in Phoenix city, AZ (85040)
Median Income
$57,890
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,118
Wealth inflow
Population
33,325
Unemployment
6.2%
2.5pp above US avg
IRS migration statistics show a net inflow of about 1,118 for ZIP 85040 (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 85040 (2020–Present)
Since 2020, population declined 5.9%, median income rose 14.0% (inflation-adjusted), home values increased 45.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $57,890 |
| Unemployment | 6.2% |
| Establishments | 1,424 |
| Employees | 54,447 |