Income & Economy in Detroit city, MI (48203)
Median Income
$35,108
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+801
Wealth inflow
Population
20,472
Unemployment
15.9%
12.2pp above US avg
IRS migration statistics show a net inflow of about 801 for ZIP 48203 (Detroit 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 48203 (2020–Present)
Since 2020, population declined 10.6%, median income rose 11.5% (inflation-adjusted), home values increased 31.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $35,108 |
| Unemployment | 15.9% |
| Establishments | 375 |
| Employees | 10,913 |