Income & Economy in Palo CDP, MI (48834)
Median Income
$60,870
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+90
Wealth inflow
Population
2,296
Unemployment
4.6%
0.9pp above US avg
IRS migration statistics show a net inflow of about 90 for ZIP 48834 (Palo CDP, 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 48834 (2020–Present)
Since 2020, population grew 19.2%, median income fell 0.8% (inflation-adjusted), home values increased 27.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $60,870 |
| Unemployment | 4.6% |
| Establishments | 18 |
| Employees | 95 |