Income & Economy in Farmington Hills city, MI (48334)
Median Income
$98,937
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+752
Wealth inflow
Population
19,218
Unemployment
4.1%
0.4pp above US avg
IRS migration statistics show a net inflow of about 752 for ZIP 48334 (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.
Historical Trends in 48334 (2020–Present)
Since 2020, population grew 0.9%, median income rose 2.9% (inflation-adjusted), home values increased 12.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $98,937 |
| Unemployment | 4.1% |
| Establishments | 1,260 |
| Employees | 20,591 |