Income & Economy in Hoover city, AL (35242)
Median Income
$116,053
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,814
Wealth inflow
Population
56,956
Unemployment
1.6%
2.1pp below US avg
IRS migration statistics show a net inflow of about 1,814 for ZIP 35242 (Hoover city, AL) 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 35242 (2020–Present)
Since 2020, population grew 0.4%, median income rose 0.5% (inflation-adjusted), home values increased 5.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $116,053 |
| Unemployment | 1.6% |
| Establishments | 1,809 |
| Employees | 31,408 |