Income & Economy in Milan town, IN (47031)
Median Income
$67,520
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+238
Wealth inflow
Population
5,179
Unemployment
5.2%
1.5pp above US avg
IRS migration statistics show a net inflow of about 238 for ZIP 47031 (Milan town, IN) 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 47031 (2020–Present)
Since 2020, population declined 0.7%, median income fell 2.8% (inflation-adjusted), home values increased 3.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $67,520 |
| Unemployment | 5.2% |
| Establishments | 89 |
| Employees | 995 |