Income & Economy in Galesburg city, MI (49053)
Median Income
$80,074
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+284
Wealth inflow
Population
7,255
Unemployment
3.9%
0.1pp above US avg
IRS migration statistics show a net inflow of about 284 for ZIP 49053 (Galesburg 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 49053 (2020–Present)
Since 2020, population declined 7.2%, median income rose 5.6% (inflation-adjusted), home values increased 14.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $80,074 |
| Unemployment | 3.9% |
| Establishments | 132 |
| Employees | 4,097 |