Income & Economy in Minneapolis city, MN (55401)
Median Income
$115,651
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+818
Wealth inflow
Population
11,526
Unemployment
1.4%
2.3pp below US avg
IRS migration statistics show a net inflow of about 818 for ZIP 55401 (Minneapolis 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 55401 (2020–Present)
Since 2020, population grew 5.3%, median income fell 4.2% (inflation-adjusted), home values increased 6.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $115,651 |
| Unemployment | 1.4% |
| Establishments | 979 |
| Employees | 29,135 |