Income & Economy in Island Falls CDP, ME (04747)
Median Income
$61,089
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+60
Wealth inflow
Population
1,318
Unemployment
4.2%
0.5pp above US avg
IRS migration statistics show a net inflow of about 60 for ZIP 04747 (Island Falls CDP, ME) 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 04747 (2020–Present)
Since 2020, population declined 5.3%, median income rose 20.3% (inflation-adjusted), home values decreased 5.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $61,089 |
| Unemployment | 4.2% |
| Establishments | 30 |
| Employees | 142 |