Income & Economy in Ithaca city, MI (48847)
Median Income
$63,967
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+226
Wealth inflow
Population
5,773
Unemployment
1.8%
2.0pp below US avg
IRS migration statistics show a net inflow of about 226 for ZIP 48847 (Ithaca 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 48847 (2020–Present)
Since 2020, population grew 4.5%, median income rose 1.3% (inflation-adjusted), home values increased 31.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $63,967 |
| Unemployment | 1.8% |
| Establishments | 113 |
| Employees | 1,174 |