Income & Economy in Petoskey city, MI (49770)
Median Income
$80,431
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+697
Wealth inflow
Population
17,813
Unemployment
2.4%
1.4pp below US avg
IRS migration statistics show a net inflow of about 697 for ZIP 49770 (Petoskey 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 49770 (2020–Present)
Since 2020, population grew 3.5%, median income rose 9.7% (inflation-adjusted), home values increased 17.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $80,431 |
| Unemployment | 2.4% |
| Establishments | 1,010 |
| Employees | 11,723 |