Income & Economy in Norwood Young America city, MN (55397)
Median Income
$77,227
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+237
Wealth inflow
Population
3,335
Unemployment
4.0%
0.3pp above US avg
IRS migration statistics show a net inflow of about 237 for ZIP 55397 (Norwood Young America 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 55397 (2020–Present)
Since 2020, population grew 10.4%, median income fell 5.0% (inflation-adjusted), home values increased 18.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $77,227 |
| Unemployment | 4.0% |
| Establishments | 40 |
| Employees | 257 |