Income & Economy in Milwaukee city, WI (53218)
Median Income
$42,207
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,367
Wealth inflow
Population
40,581
Unemployment
9.5%
5.8pp above US avg
IRS migration statistics show a net inflow of about 2,367 for ZIP 53218 (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 53218 (2020–Present)
Since 2020, population declined 5.0%, median income fell 5.0% (inflation-adjusted), home values increased 21.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $42,207 |
| Unemployment | 9.5% |
| Establishments | 416 |
| Employees | 4,306 |