Income & Economy in Grand Rapids city, MI (49506)
Median Income
$112,287
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,370
Wealth inflow
Population
35,025
Unemployment
4.2%
0.5pp above US avg
IRS migration statistics show a net inflow of about 1,370 for ZIP 49506 (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 49506 (2020–Present)
Since 2020, population grew 2.8%, median income rose 10.9% (inflation-adjusted), home values increased 14.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $112,287 |
| Unemployment | 4.2% |
| Establishments | 744 |
| Employees | 11,608 |