Income & Economy in Minneapolis city, MN (55403)
Median Income
$59,928
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,232
Wealth inflow
Population
17,354
Unemployment
5.3%
1.6pp above US avg
IRS migration statistics show a net inflow of about 1,232 for ZIP 55403 (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 55403 (2020–Present)
Since 2020, population grew 5.6%, median income rose 0.6% (inflation-adjusted), home values decreased 5.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $59,928 |
| Unemployment | 5.3% |
| Establishments | 581 |
| Employees | 17,278 |