Income & Economy in Red Bay city, AL (35582)
Median Income
$40,147
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+144
Wealth inflow
Population
4,507
Unemployment
2.7%
1.0pp below US avg
IRS migration statistics show a net inflow of about 144 for ZIP 35582 (Red Bay city, AL) 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 35582 (2020–Present)
Since 2020, population declined 7.5%, median income fell 1.4% (inflation-adjusted), home values increased 14.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $40,147 |
| Unemployment | 2.7% |
| Establishments | 106 |
| Employees | 4,055 |