Income & Economy in Somerville town, TN (38068)
Median Income
$63,022
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+385
Wealth inflow
Population
10,854
Unemployment
5.3%
1.6pp above US avg
IRS migration statistics show a net inflow of about 385 for ZIP 38068 (Somerville town, TN) 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 38068 (2020–Present)
Since 2020, population grew 0.0%, median income rose 11.8% (inflation-adjusted), home values increased 22.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $63,022 |
| Unemployment | 5.3% |
| Establishments | 215 |
| Employees | 3,748 |