ZIP 85023 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Phoenix city, AZ (85023)

Median Income

$72,442

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,162

Wealth inflow

Population

34,635

Unemployment

5.2%

1.5pp above US avg

IRS migration statistics show a net inflow of about 1,162 for ZIP 85023 (Phoenix city, AZ) 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.

Economic Indicators

Unemployment

5.2%+40% vs US avg

Self-Employed

1.6%-74% vs US avg

SNAP Benefits

8.9%-24% vs US avg

577

Establishments

12,364

Employees

~21 per establishment — mix of small and larger employers

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.4%
Construction7.8%
Manufacturing5.8%
Wholesale trade2.9%
Retail trade11.7%
Transportation, utilities6.8%
Information2.1%
Finance, insurance, real estate11.4%
Professional, scientific, management14.9%
Education, health care, social18.7%
Arts, entertainment, food services9.6%
Other services4.4%
Public administration3.6%

Household Income

Historical Trends in 85023 (2020–Present)

Since 2020, population declined 1.6%, median income rose 11.7% (inflation-adjusted), home values increased 29.4%.

Median Income

$72,442

-4% vs US avg

Unemployment Rate