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Boston city, MA
ZIP 02124 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Middle ClassLarge CommunityLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Boston city, MA (02124)
Median Income
$79,168
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,638
Wealth inflow
Population
55,897
Unemployment
7.8%
4.1pp above US avg
IRS migration statistics show a net inflow of about 2,638 for ZIP 02124 (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.
Historical Trends in 02124 (2020–Present)
Since 2020, population declined 2.2%, median income rose 6.5% (inflation-adjusted), home values increased 14.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $79,168 |
| Unemployment | 7.8% |
| Establishments | 597 |
| Employees | 5,592 |