Income & Economy in Memphis city, MI (48041)
Median Income
$87,599
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+172
Wealth inflow
Population
4,385
Unemployment
3.1%
0.6pp below US avg
IRS migration statistics show a net inflow of about 172 for ZIP 48041 (Memphis 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 48041 (2020–Present)
Since 2020, population grew 0.3%, median income fell 8.8% (inflation-adjusted), home values increased 26.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $87,599 |
| Unemployment | 3.1% |
| Establishments | 64 |
| Employees | 441 |