Income & Economy in Minneapolis city, MN (55405)
Median Income
$70,425
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,201
Wealth inflow
Population
16,915
Unemployment
6.4%
2.7pp above US avg
IRS migration statistics show a net inflow of about 1,201 for ZIP 55405 (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 55405 (2020–Present)
Since 2020, population grew 3.9%, median income fell 4.1% (inflation-adjusted), home values increased 7.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $70,425 |
| Unemployment | 6.4% |
| Establishments | 519 |
| Employees | 6,349 |