Income & Economy in Elgin village, OH (45894)
Median Income
$74,659
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+29
Wealth inflow
Population
681
Unemployment
4.8%
1.1pp above US avg
IRS migration statistics show a net inflow of about 29 for ZIP 45894 (Elgin village, OH) 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 45894 (2020–Present)
Since 2020, population declined 22.7%, median income fell 10.4% (inflation-adjusted), home values decreased 13.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $74,659 |
| Unemployment | 4.8% |
| Establishments | 9 |
| Employees | 168 |