Income & Economy in Hillsboro city, IL (62051)
Median Income
$51,875
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+41
Wealth inflow
Population
735
Unemployment
16.9%
13.2pp above US avg
IRS migration statistics show a net inflow of about 41 for ZIP 62051 (Hillsboro 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 62051 (2020–Present)
Since 2020, population declined 0.7%, median income fell 16.7% (inflation-adjusted), home values decreased 23.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $51,875 |
| Unemployment | 16.9% |
| Establishments | 10 |
| Employees | 26 |