Income & Economy in Detroit city, MI (48204)
Median Income
$32,875
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+772
Wealth inflow
Population
19,723
Unemployment
17.5%
13.8pp above US avg
IRS migration statistics show a net inflow of about 772 for ZIP 48204 (Detroit 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 48204 (2020–Present)
Since 2020, population declined 16.2%, median income rose 13.7% (inflation-adjusted), home values increased 28.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $32,875 |
| Unemployment | 17.5% |
| Establishments | 192 |
| Employees | 1,595 |