Income & Economy in Hutchinson city, MN (55350)
Median Income
$78,663
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,318
Wealth inflow
Population
18,567
Unemployment
3.9%
0.2pp above US avg
IRS migration statistics show a net inflow of about 1,318 for ZIP 55350 (Hutchinson 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 55350 (2020–Present)
Since 2020, population grew 3.5%, median income rose 8.2% (inflation-adjusted), home values increased 18.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $78,663 |
| Unemployment | 3.9% |
| Establishments | 554 |
| Employees | 8,858 |