Income & Economy in Farmington Hills city, MI (48335)
Median Income
$96,359
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+951
Wealth inflow
Population
24,298
Unemployment
4.0%
0.3pp above US avg
IRS migration statistics show a net inflow of about 951 for ZIP 48335 (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 48335 (2020–Present)
Since 2020, population grew 3.1%, median income fell 1.4% (inflation-adjusted), home values increased 4.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $96,359 |
| Unemployment | 4.0% |
| Establishments | 686 |
| Employees | 14,430 |