Income & Economy in Grand Tower city, IL (62942)
Median Income
$50,278
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+37
Wealth inflow
Population
670
Unemployment
8.7%
5.0pp above US avg
IRS migration statistics show a net inflow of about 37 for ZIP 62942 (Grand Tower 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 62942 (2020–Present)
Since 2020, population grew 5.3%, median income fell 19.3% (inflation-adjusted), home values increased 10.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $50,278 |
| Unemployment | 8.7% |
| Establishments | 4 |
| Employees | 17 |