Income & Economy in Phoenix city, AZ (85254)
Median Income
$120,885
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,565
Wealth inflow
Population
46,655
Unemployment
2.9%
0.8pp below US avg
IRS migration statistics show a net inflow of about 1,565 for ZIP 85254 (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 85254 (2020–Present)
Since 2020, population declined 1.8%, median income rose 5.0% (inflation-adjusted), home values increased 21.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $120,885 |
| Unemployment | 2.9% |
| Establishments | 2,374 |
| Employees | 26,434 |