Income & Economy in Elk Horn city, IA (51531)
Median Income
$58,929
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+54
Wealth inflow
Population
943
Unemployment
2.6%
1.1pp below US avg
IRS migration statistics show a net inflow of about 54 for ZIP 51531 (Elk Horn 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 51531 (2020–Present)
Since 2020, population grew 28.8%, median income fell 13.2% (inflation-adjusted), home values decreased 7.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $58,929 |
| Unemployment | 2.6% |
| Establishments | 29 |
| Employees | 450 |