Income & Economy in Richmond city, MI (48063)
Median Income
$91,591
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+161
Wealth inflow
Population
4,106
Unemployment
1.8%
1.9pp below US avg
IRS migration statistics show a net inflow of about 161 for ZIP 48063 (Richmond city, 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 48063 (2020–Present)
Since 2020, population grew 1.9%, median income fell 11.4% (inflation-adjusted), home values increased 7.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $91,591 |
| Unemployment | 1.8% |
| Establishments | 59 |
| Employees | 357 |