Income & Economy in Palmyra village, IL (62674)
Median Income
$54,196
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+73
Wealth inflow
Population
1,319
Unemployment
8.3%
4.6pp above US avg
IRS migration statistics show a net inflow of about 73 for ZIP 62674 (Palmyra 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 62674 (2020–Present)
Since 2020, population declined 19.3%, median income rose 17.9% (inflation-adjusted), home values decreased 5.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $54,196 |
| Unemployment | 8.3% |
| Establishments | 21 |
| Employees | 128 |