Income & Economy in Hillsboro city, IL (62049)
Median Income
$54,767
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+450
Wealth inflow
Population
8,078
Unemployment
5.8%
2.1pp above US avg
IRS migration statistics show a net inflow of about 450 for ZIP 62049 (Hillsboro 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 62049 (2020–Present)
Since 2020, population declined 4.4%, median income fell 29.1% (inflation-adjusted), home values decreased 5.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $54,767 |
| Unemployment | 5.8% |
| Establishments | 159 |
| Employees | 1,774 |