Income & Economy in Herrick village, IL (62431)
Median Income
$71,000
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+43
Wealth inflow
Population
777
Unemployment
6.7%
3.0pp above US avg
IRS migration statistics show a net inflow of about 43 for ZIP 62431 (Herrick 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 62431 (2020–Present)
Since 2020, population declined 14.0%, median income rose 15.3% (inflation-adjusted), home values increased 29.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $71,000 |
| Unemployment | 6.7% |
| Establishments | 16 |
| Employees | 60 |