Income & Economy in Farmington city, IL (61531)
Median Income
$64,875
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+168
Wealth inflow
Population
3,018
Unemployment
6.0%
2.3pp above US avg
IRS migration statistics show a net inflow of about 168 for ZIP 61531 (Farmington 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 61531 (2020–Present)
Since 2020, population declined 3.0%, median income fell 5.8% (inflation-adjusted), home values decreased 8.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $64,875 |
| Unemployment | 6.0% |
| Establishments | 48 |
| Employees | 690 |