Income & Economy in Chatham village, MI (49816)
Median Income
$74,583
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+28
Wealth inflow
Population
720
Unemployment
1.0%
2.7pp below US avg
IRS migration statistics show a net inflow of about 28 for ZIP 49816 (Chatham 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 49816 (2020–Present)
Since 2020, population declined 3.5%, median income rose 16.5% (inflation-adjusted), home values decreased 4.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $74,583 |
| Unemployment | 1.0% |
| Establishments | 10 |
| Employees | 33 |