Income & Economy in Detroit city, MI (48240)
Median Income
$57,970
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+669
Wealth inflow
Population
17,097
Unemployment
8.7%
5.0pp above US avg
IRS migration statistics show a net inflow of about 669 for ZIP 48240 (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 48240 (2020–Present)
Since 2020, population grew 1.3%, median income fell 12.6% (inflation-adjusted), home values increased 15.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $57,970 |
| Unemployment | 8.7% |
| Establishments | 245 |
| Employees | 3,163 |