Income & Economy in Milwaukee city, WI (53204)
Median Income
$43,645
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,334
Wealth inflow
Population
40,008
Unemployment
5.6%
1.9pp above US avg
IRS migration statistics show a net inflow of about 2,334 for ZIP 53204 (Milwaukee city, WI) 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 53204 (2020–Present)
Since 2020, population grew 3.2%, median income rose 10.3% (inflation-adjusted), home values increased 22.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $43,645 |
| Unemployment | 5.6% |
| Establishments | 811 |
| Employees | 16,037 |