Income & Economy in Farmington Hills city, MI (48322)
Median Income
$118,001
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,299
Wealth inflow
Population
33,197
Unemployment
7.1%
3.4pp above US avg
IRS migration statistics show a net inflow of about 1,299 for ZIP 48322 (Farmington Hills 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 48322 (2020–Present)
Since 2020, population grew 0.6%, median income rose 5.5% (inflation-adjusted), home values increased 6.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $118,001 |
| Unemployment | 7.1% |
| Establishments | 993 |
| Employees | 11,793 |