Income & Economy in Farwell village, MI (48622)
Median Income
$57,500
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+234
Wealth inflow
Population
5,970
Unemployment
6.5%
2.8pp above US avg
IRS migration statistics show a net inflow of about 234 for ZIP 48622 (Farwell village, 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 48622 (2020–Present)
Since 2020, population declined 0.9%, median income fell 6.8% (inflation-adjusted), home values increased 5.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $57,500 |
| Unemployment | 6.5% |
| Establishments | 93 |
| Employees | 1,150 |