Income & Economy in Franklin village, IL (62638)
Median Income
$80,395
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+74
Wealth inflow
Population
1,326
Unemployment
0.9%
2.8pp below US avg
IRS migration statistics show a net inflow of about 74 for ZIP 62638 (Franklin 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 62638 (2020–Present)
Since 2020, population declined 3.4%, median income fell 5.3% (inflation-adjusted), home values decreased 5.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $80,395 |
| Unemployment | 0.9% |
| Establishments | 19 |
| Employees | 110 |