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Springfield city, MA
ZIP 01118 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Middle ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Springfield city, MA (01118)
Median Income
$80,906
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+708
Wealth inflow
Population
15,009
Unemployment
6.1%
2.4pp above US avg
IRS migration statistics show a net inflow of about 708 for ZIP 01118 (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 01118 (2020–Present)
Since 2020, population grew 1.1%, median income fell 2.2% (inflation-adjusted), home values increased 15.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $80,906 |
| Unemployment | 6.1% |
| Establishments | 148 |
| Employees | 1,327 |