Income & Economy in New Orleans city, LA (70118)
Median Income
$62,665
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,427
Wealth inflow
Population
36,061
Unemployment
7.1%
3.4pp above US avg
IRS migration statistics show a net inflow of about 1,427 for ZIP 70118 (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 70118 (2020–Present)
Since 2020, population declined 2.4%, median income rose 5.2% (inflation-adjusted), home values increased 13.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $62,665 |
| Unemployment | 7.1% |
| Establishments | 685 |
| Employees | 16,969 |