Income & Economy in Detroit city, MI (48207)
Median Income
$44,561
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+785
Wealth inflow
Population
20,068
Unemployment
8.0%
4.3pp above US avg
IRS migration statistics show a net inflow of about 785 for ZIP 48207 (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 48207 (2020–Present)
Since 2020, population declined 5.7%, median income rose 12.1% (inflation-adjusted), home values increased 41.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $44,561 |
| Unemployment | 8.0% |
| Establishments | 557 |
| Employees | 9,932 |