Income & Economy in Elmwood city, IL (61529)
Median Income
$89,503
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+155
Wealth inflow
Population
2,784
Unemployment
1.8%
1.9pp below US avg
IRS migration statistics show a net inflow of about 155 for ZIP 61529 (Elmwood 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 61529 (2020–Present)
Since 2020, population declined 1.9%, median income rose 0.6% (inflation-adjusted), home values increased 8.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $89,503 |
| Unemployment | 1.8% |
| Establishments | 54 |
| Employees | 488 |