Income & Economy in Grand Rapids city, MI (49503)
Median Income
$61,734
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,482
Wealth inflow
Population
37,874
Unemployment
4.6%
0.9pp above US avg
IRS migration statistics show a net inflow of about 1,482 for ZIP 49503 (Grand Rapids 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 49503 (2020–Present)
Since 2020, population grew 2.3%, median income rose 5.5% (inflation-adjusted), home values increased 14.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $61,734 |
| Unemployment | 4.6% |
| Establishments | 1,717 |
| Employees | 52,626 |