Income & Economy in Armada village, MI (48005)
Median Income
$110,946
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+208
Wealth inflow
Population
5,315
Unemployment
1.9%
1.9pp below US avg
IRS migration statistics show a net inflow of about 208 for ZIP 48005 (Armada village, MI) 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 48005 (2020–Present)
Since 2020, population declined 3.6%, median income rose 5.5% (inflation-adjusted), home values increased 0.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $110,946 |
| Unemployment | 1.9% |
| Establishments | 120 |
| Employees | 1,676 |