Income & Economy in Hermansville CDP, MI (49847)
Median Income
$63,472
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+42
Wealth inflow
Population
1,063
Unemployment
6.2%
2.5pp above US avg
IRS migration statistics show a net inflow of about 42 for ZIP 49847 (Hermansville CDP, 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 49847 (2020–Present)
Since 2020, population declined 4.7%, median income fell 10.8% (inflation-adjusted), home values increased 0.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $63,472 |
| Unemployment | 6.2% |
| Establishments | 12 |
| Employees | 350 |