Income & Economy in Elgin village, OH (45838)
Median Income
$88,553
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+3
Wealth inflow
Population
71
Unemployment
4.8%
1.1pp above US avg
IRS migration statistics show a net inflow of about 3 for ZIP 45838 (Elgin village, OH) 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 45838 (2020–Present)
Since 2020, population declined 45.0%, median income rose 2.9% (inflation-adjusted), home values increased 16.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $88,553 |
| Unemployment | 4.8% |