Income & Economy in Phoenix city, AZ (85048)
Median Income
$123,198
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,144
Wealth inflow
Population
34,113
Unemployment
4.1%
0.4pp above US avg
IRS migration statistics show a net inflow of about 1,144 for ZIP 85048 (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.
Historical Trends in 85048 (2020–Present)
Since 2020, population declined 7.5%, median income rose 1.9% (inflation-adjusted), home values increased 19.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $123,198 |
| Unemployment | 4.1% |
| Establishments | 840 |
| Employees | 5,417 |