Income & Economy in Hoopeston city, IL (60942)
Median Income
$55,284
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+314
Wealth inflow
Population
5,635
Unemployment
8.2%
4.5pp above US avg
IRS migration statistics show a net inflow of about 314 for ZIP 60942 (Hoopeston city, IL) 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 60942 (2020–Present)
Since 2020, population declined 2.8%, median income rose 22.0% (inflation-adjusted), home values decreased 1.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $55,284 |
| Unemployment | 8.2% |
| Establishments | 101 |
| Employees | 1,464 |