Income & Economy in Palestine village, IL (62451)
Median Income
$60,991
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+109
Wealth inflow
Population
1,955
Unemployment
1.9%
1.9pp below US avg
IRS migration statistics show a net inflow of about 109 for ZIP 62451 (Palestine village, 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 62451 (2020–Present)
Since 2020, population declined 2.5%, median income rose 1.2% (inflation-adjusted), home values decreased 6.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $60,991 |
| Unemployment | 1.9% |
| Establishments | 32 |
| Employees | 231 |