Income & Economy in Minneapolis city, MN (55404)
Median Income
$43,932
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,992
Wealth inflow
Population
28,071
Unemployment
8.9%
5.2pp above US avg
IRS migration statistics show a net inflow of about 1,992 for ZIP 55404 (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 55404 (2020–Present)
Since 2020, population declined 1.8%, median income rose 4.8% (inflation-adjusted), home values decreased 0.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $43,932 |
| Unemployment | 8.9% |
| Establishments | 702 |
| Employees | 21,111 |