Income & Economy in Cohoes city, NY (12047)
Median Income
$66,970
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,011
Wealth inflow
Population
23,406
Unemployment
4.8%
1.1pp above US avg
IRS migration statistics show a net inflow of about 1,011 for ZIP 12047 (Cohoes city, NY) 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 12047 (2020–Present)
Since 2020, population grew 9.1%, median income fell 5.9% (inflation-adjusted), home values increased 4.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $66,970 |
| Unemployment | 4.8% |
| Establishments | 385 |
| Employees | 4,035 |