Income & Economy in Rockford city, IL (61103)
Median Income
$47,390
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,294
Wealth inflow
Population
23,238
Unemployment
8.0%
4.3pp above US avg
IRS migration statistics show a net inflow of about 1,294 for ZIP 61103 (Rockford 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 61103 (2020–Present)
Since 2020, population declined 3.0%, median income fell 1.7% (inflation-adjusted), home values increased 10.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $47,390 |
| Unemployment | 8.0% |
| Establishments | 327 |
| Employees | 6,502 |