Income & Economy in Belvidere city, IL (61008)
Median Income
$75,833
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,876
Wealth inflow
Population
33,697
Unemployment
6.8%
3.1pp above US avg
IRS migration statistics show a net inflow of about 1,876 for ZIP 61008 (Belvidere city, IL) 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 61008 (2020–Present)
Since 2020, population declined 2.4%, median income rose 4.5% (inflation-adjusted), home values increased 2.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $75,833 |
| Unemployment | 6.8% |
| Establishments | 627 |
| Employees | 14,029 |