Income & Economy in West Lafayette city, IN (47906)
Median Income
$51,736
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+3,415
Wealth inflow
Population
74,283
Unemployment
3.1%
0.6pp below US avg
IRS migration statistics show a net inflow of about 3,415 for ZIP 47906 (West Lafayette city, IN) 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 47906 (2020–Present)
Since 2020, population declined 5.7%, median income fell 5.0% (inflation-adjusted), home values increased 11.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $51,736 |
| Unemployment | 3.1% |
| Establishments | 918 |
| Employees | 14,179 |