Income & Economy in Hugo city, MN (55038)
Median Income
$127,194
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,721
Wealth inflow
Population
24,246
Unemployment
2.0%
1.7pp below US avg
IRS migration statistics show a net inflow of about 1,721 for ZIP 55038 (Hugo city, MN) 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 55038 (2020–Present)
Since 2020, population grew 5.8%, median income rose 4.9% (inflation-adjusted), home values increased 23.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $127,194 |
| Unemployment | 2.0% |
| Establishments | 508 |
| Employees | 5,270 |