Income & Economy in Cherokee town, AL (35616)
Median Income
$47,083
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+117
Wealth inflow
Population
3,681
Unemployment
4.8%
1.1pp above US avg
IRS migration statistics show a net inflow of about 117 for ZIP 35616 (Cherokee town, AL) 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 35616 (2020–Present)
Since 2020, population grew 1.0%, median income rose 15.8% (inflation-adjusted), home values decreased 17.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $47,083 |
| Unemployment | 4.8% |
| Establishments | 55 |
| Employees | 868 |