Income & Economy in Detroit city, MI (48205)
Median Income
$40,612
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,270
Wealth inflow
Population
32,466
Unemployment
16.6%
12.9pp above US avg
IRS migration statistics show a net inflow of about 1,270 for ZIP 48205 (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 48205 (2020–Present)
Since 2020, population declined 3.4%, median income fell 8.6% (inflation-adjusted), home values increased 46.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $40,612 |
| Unemployment | 16.6% |
| Establishments | 255 |
| Employees | 2,272 |