Fremont city, CA

ZIP 94538 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Fremont city, CA (94538)

Median Income

$144,451

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+3,332

Wealth inflow

Population

67,704

Unemployment

3.8%

0.1pp above US avg

IRS migration statistics show a net inflow of about 3,332 for ZIP 94538 (Fremont city, CA) 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.

Economic Indicators

Unemployment

3.8%+4% vs US avg

Self-Employed

2.3%-63% vs US avg

SNAP Benefits

5.1%-57% vs US avg

2,749

Establishments

93,523

Employees

~34 per establishment — mix of small and larger employers

Professional services

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.1%
Construction3.8%
Manufacturing15.0%
Wholesale trade2.0%
Retail trade8.1%
Transportation, utilities5.1%
Information3.4%
Finance, insurance, real estate5.2%
Professional, scientific, management25.1%
Education, health care, social18.4%
Arts, entertainment, food services7.3%
Other services3.4%
Public administration3.0%

Household Income

Historical Trends in 94538 (2020–Present)

Since 2020, population grew 0.6%, median income rose 2.9% (inflation-adjusted), home values increased 10.6%.

Median Income

$144,451

+92% vs US avg

Unemployment Rate