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Philadelphia city, PA
ZIP 19116 — 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 Philadelphia city, PA (19116)
Median Income
$67,558
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,522
Wealth inflow
Population
33,421
Unemployment
7.0%
3.3pp above US avg
IRS migration statistics show a net inflow of about 1,522 for ZIP 19116 (Philadelphia city, PA) 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 19116 (2020–Present)
Since 2020, population declined 1.6%, median income fell 1.4% (inflation-adjusted), home values increased 6.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $67,558 |
| Unemployment | 7.0% |
| Establishments | 964 |
| Employees | 10,865 |