Income & Economy in Madison city, WI (53705)
Median Income
$82,315
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,461
Wealth inflow
Population
25,045
Unemployment
1.8%
1.9pp below US avg
IRS migration statistics show a net inflow of about 1,461 for ZIP 53705 (Madison 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 53705 (2020–Present)
Since 2020, population declined 0.8%, median income fell 2.6% (inflation-adjusted), home values increased 10.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $82,315 |
| Unemployment | 1.8% |
| Establishments | 559 |
| Employees | 12,941 |