Income & Economy in Minneapolis city, MN (55408)
Median Income
$72,421
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,309
Wealth inflow
Population
32,534
Unemployment
6.1%
2.4pp above US avg
IRS migration statistics show a net inflow of about 2,309 for ZIP 55408 (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 55408 (2020–Present)
Since 2020, population grew 0.8%, median income fell 0.6% (inflation-adjusted), home values increased 14.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $72,421 |
| Unemployment | 6.1% |
| Establishments | 1,012 |
| Employees | 11,562 |