Income & Economy in New Orleans city, LA (70116)
Median Income
$45,580
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+411
Wealth inflow
Population
10,377
Unemployment
10.5%
6.8pp above US avg
IRS migration statistics show a net inflow of about 411 for ZIP 70116 (New Orleans city, LA) 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 70116 (2020–Present)
Since 2020, population declined 13.2%, median income rose 5.1% (inflation-adjusted), home values decreased 2.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $45,580 |
| Unemployment | 10.5% |
| Establishments | 427 |
| Employees | 4,516 |