Income & Economy in Flanagan village, IL (61740)
Median Income
$79,479
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+79
Wealth inflow
Population
1,427
Unemployment
1.4%
2.3pp below US avg
IRS migration statistics show a net inflow of about 79 for ZIP 61740 (Flanagan village, 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 61740 (2020–Present)
Since 2020, population grew 1.1%, median income rose 0.7% (inflation-adjusted), home values decreased 4.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $79,479 |
| Unemployment | 1.4% |
| Establishments | 28 |
| Employees | 217 |