ZIP 48331 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Farmington Hills city, MI (48331)

Median Income

$121,101

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+862

Wealth inflow

Population

22,033

Unemployment

6.7%

3.0pp above US avg

IRS migration statistics show a net inflow of about 862 for ZIP 48331 (Farmington Hills 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.

Economic Indicators

Unemployment

6.7%+82% vs US avg

Self-Employed

2.2%-64% vs US avg

SNAP Benefits

4.3%-63% vs US avg

598

Establishments

22,442

Employees

~38 per establishment — mix of small and larger employers

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.2%
Construction2.7%
Manufacturing20.3%
Wholesale trade2.1%
Retail trade10.3%
Transportation, utilities2.0%
Information2.0%
Finance, insurance, real estate8.0%
Professional, scientific, management19.4%
Education, health care, social22.3%
Arts, entertainment, food services5.3%
Other services2.7%
Public administration2.7%

Household Income

Historical Trends in 48331 (2020–Present)

Since 2020, population grew 3.3%, median income rose 0.3% (inflation-adjusted), home values increased 1.0%.

Median Income

$121,101

+61% vs US avg

Unemployment Rate