Income & Economy in Merrill city, IA (51038)
Median Income
$88,864
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+87
Wealth inflow
Population
1,512
Unemployment
3.0%
0.7pp below US avg
IRS migration statistics show a net inflow of about 87 for ZIP 51038 (Merrill city, IA) 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 51038 (2020–Present)
Since 2020, population declined 17.4%, median income rose 6.5% (inflation-adjusted), home values increased 1.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $88,864 |
| Unemployment | 3.0% |
| Establishments | 27 |
| Employees | 191 |