Income & Economy in Oak Park city, MI (48237)
Median Income
$65,882
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,149
Wealth inflow
Population
29,370
Unemployment
9.9%
6.2pp above US avg
IRS migration statistics show a net inflow of about 1,149 for ZIP 48237 (Oak Park 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 48237 (2020–Present)
Since 2020, population declined 0.8%, median income rose 2.8% (inflation-adjusted), home values increased 29.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $65,882 |
| Unemployment | 9.9% |
| Establishments | 617 |
| Employees | 7,626 |