Income & Economy in Detroit city, MI (48208)
Median Income
$29,742
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+309
Wealth inflow
Population
7,904
Unemployment
11.2%
7.5pp above US avg
IRS migration statistics show a net inflow of about 309 for ZIP 48208 (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 48208 (2020–Present)
Since 2020, population declined 13.5%, median income rose 25.2% (inflation-adjusted), home values increased 35.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $29,742 |
| Unemployment | 11.2% |
| Establishments | 147 |
| Employees | 2,794 |