Income & Economy in Granite City city, IL (62040)
Median Income
$60,558
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,247
Wealth inflow
Population
40,365
Unemployment
6.1%
2.4pp above US avg
IRS migration statistics show a net inflow of about 2,247 for ZIP 62040 (Granite City 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 62040 (2020–Present)
Since 2020, population declined 5.0%, median income fell 4.7% (inflation-adjusted), home values increased 5.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $60,558 |
| Unemployment | 6.1% |
| Establishments | 704 |
| Employees | 14,124 |