Income & Economy in Melvin village, MI (48454)
Median Income
$62,300
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+49
Wealth inflow
Population
1,251
Unemployment
3.2%
0.5pp below US avg
IRS migration statistics show a net inflow of about 49 for ZIP 48454 (Melvin village, 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 48454 (2020–Present)
Since 2020, population grew 5.8%, median income rose 6.2% (inflation-adjusted), home values increased 14.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $62,300 |
| Unemployment | 3.2% |
| Establishments | 9 |
| Employees | 45 |