Income & Economy in Watertown city, MN (55388)
Median Income
$92,273
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+424
Wealth inflow
Population
5,974
Unemployment
0.6%
3.1pp below US avg
IRS migration statistics show a net inflow of about 424 for ZIP 55388 (Watertown 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 55388 (2020–Present)
Since 2020, population grew 0.3%, median income fell 17.0% (inflation-adjusted), home values increased 10.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $92,273 |
| Unemployment | 0.6% |
| Establishments | 154 |
| Employees | 759 |