Income & Economy in Champlin city, MN (55316)
Median Income
$115,719
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,664
Wealth inflow
Population
23,450
Unemployment
3.2%
0.5pp below US avg
IRS migration statistics show a net inflow of about 1,664 for ZIP 55316 (Champlin 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 55316 (2020–Present)
Since 2020, population declined 6.1%, median income rose 1.9% (inflation-adjusted), home values increased 13.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $115,719 |
| Unemployment | 3.2% |
| Establishments | 449 |
| Employees | 5,108 |