Income & Economy in Covington CDP, MI (49970)
Median Income
$68,125
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+11
Wealth inflow
Population
272
Unemployment
0.0%
3.7pp below US avg
IRS migration statistics show a net inflow of about 11 for ZIP 49970 (Covington 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 49970 (2020–Present)
Since 2020, population grew 3.4%, median income rose 14.3% (inflation-adjusted), home values increased 5.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $68,125 |
| Unemployment | 0.0% |
| Establishments | 3 |
| Employees | 6 |