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Springfield city, MA
ZIP 01105 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Low Income AreaLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Springfield city, MA (01105)
Median Income
$22,994
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+541
Wealth inflow
Population
11,469
Unemployment
14.8%
11.1pp above US avg
IRS migration statistics show a net inflow of about 541 for ZIP 01105 (Springfield city, MA) 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 01105 (2020–Present)
Since 2020, population declined 9.3%, median income fell 10.7% (inflation-adjusted), home values increased 13.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $22,994 |
| Unemployment | 14.8% |
| Establishments | 253 |
| Employees | 5,495 |