Income & Economy in Grand Rapids city, MI (49505)
Median Income
$71,692
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,261
Wealth inflow
Population
32,224
Unemployment
4.4%
0.7pp above US avg
IRS migration statistics show a net inflow of about 1,261 for ZIP 49505 (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 49505 (2020–Present)
Since 2020, population declined 3.1%, median income rose 9.8% (inflation-adjusted), home values increased 24.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $71,692 |
| Unemployment | 4.4% |
| Establishments | 536 |
| Employees | 10,707 |