Income & Economy in Madison city, IL (62060)
Median Income
$40,139
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+201
Wealth inflow
Population
3,619
Unemployment
22.6%
18.9pp above US avg
IRS migration statistics show a net inflow of about 201 for ZIP 62060 (Madison 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 62060 (2020–Present)
Since 2020, population declined 6.8%, median income rose 27.7% (inflation-adjusted), home values decreased 2.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $40,139 |
| Unemployment | 22.6% |
| Establishments | 80 |
| Employees | 1,590 |