Income & Economy in Southfield city, MI (48034)
Median Income
$59,634
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+595
Wealth inflow
Population
15,213
Unemployment
8.9%
5.2pp above US avg
IRS migration statistics show a net inflow of about 595 for ZIP 48034 (Southfield city, MI) 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 48034 (2020–Present)
Since 2020, population grew 7.0%, median income fell 0.0% (inflation-adjusted), home values increased 5.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $59,634 |
| Unemployment | 8.9% |
| Establishments | 907 |
| Employees | 29,575 |