Income & Economy in Ovid city, MI (48866)
Median Income
$64,070
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+171
Wealth inflow
Population
4,375
Unemployment
2.9%
0.8pp below US avg
IRS migration statistics show a net inflow of about 171 for ZIP 48866 (Ovid 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 48866 (2020–Present)
Since 2020, population declined 4.0%, median income fell 12.5% (inflation-adjusted), home values increased 7.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $64,070 |
| Unemployment | 2.9% |
| Establishments | 61 |
| Employees | 536 |