Income & Economy in Lake City city, MI (49651)
Median Income
$61,524
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+295
Wealth inflow
Population
7,540
Unemployment
6.9%
3.2pp above US avg
IRS migration statistics show a net inflow of about 295 for ZIP 49651 (Lake City 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 49651 (2020–Present)
Since 2020, population declined 4.2%, median income rose 12.1% (inflation-adjusted), home values increased 10.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $61,524 |
| Unemployment | 6.9% |
| Establishments | 138 |
| Employees | 1,082 |