Income & Economy in Waco city, TX (76704)
Median Income
$24,208
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+348
Wealth inflow
Population
7,387
Unemployment
7.5%
3.8pp above US avg
IRS migration statistics show a net inflow of about 348 for ZIP 76704 (Waco city, TX) 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 76704 (2020–Present)
Since 2020, population declined 3.8%, median income fell 3.8% (inflation-adjusted), home values decreased 6.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $24,208 |
| Unemployment | 7.5% |
| Establishments | 94 |
| Employees | 1,435 |