Boston city, MA

ZIP 02118 — Economy & Jobs

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

Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Boston city, MA (02118)

Median Income

$90,142

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,346

Wealth inflow

Population

28,522

Unemployment

7.9%

4.2pp above US avg

IRS migration statistics show a net inflow of about 1,346 for ZIP 02118 (Boston 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.

Economic Indicators

Unemployment

7.9%+114% vs US avg

Self-Employed

0.8%-87% vs US avg

SNAP Benefits

20.3%+73% vs US avg

888

Establishments

22,438

Employees

~25 per establishment — mix of small and larger employers

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Agriculture, forestry, mining0.1%
Construction2.0%
Manufacturing4.9%
Wholesale trade1.2%
Retail trade4.9%
Transportation, utilities3.8%
Information1.3%
Finance, insurance, real estate12.1%
Professional, scientific, management23.7%
Education, health care, social30.9%
Arts, entertainment, food services7.0%
Other services4.3%
Public administration3.8%

Household Income

Historical Trends in 02118 (2020–Present)

Since 2020, population declined 1.3%, median income rose 21.8% (inflation-adjusted), home values decreased 5.0%.

Median Income

$90,142

+20% vs US avg

Unemployment Rate