Income & Economy in Detroit city, MI (48223)
Median Income
$42,324
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+949
Wealth inflow
Population
24,262
Unemployment
15.6%
11.9pp above US avg
IRS migration statistics show a net inflow of about 949 for ZIP 48223 (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 48223 (2020–Present)
Since 2020, population declined 6.8%, median income fell 1.8% (inflation-adjusted), home values increased 3.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $42,324 |
| Unemployment | 15.6% |
| Establishments | 217 |
| Employees | 2,820 |