Income & Economy in Falmouth city, KY (41040)
Median Income
$51,511
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+261
Wealth inflow
Population
6,998
Unemployment
5.3%
1.6pp above US avg
IRS migration statistics show a net inflow of about 261 for ZIP 41040 (Falmouth city, KY) 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 41040 (2020–Present)
Since 2020, population declined 6.7%, median income fell 10.2% (inflation-adjusted), home values increased 15.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $51,511 |
| Unemployment | 5.3% |
| Establishments | 87 |
| Employees | 590 |