Income & Economy in Fairfax city, MN (55332)
Median Income
$58,177
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+122
Wealth inflow
Population
1,714
Unemployment
1.2%
2.5pp below US avg
IRS migration statistics show a net inflow of about 122 for ZIP 55332 (Fairfax 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 55332 (2020–Present)
Since 2020, population declined 2.7%, median income fell 8.7% (inflation-adjusted), home values increased 5.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $58,177 |
| Unemployment | 1.2% |
| Establishments | 49 |
| Employees | 182 |