Income & Economy in Minneapolis city, MN (55418)
Median Income
$95,630
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,221
Wealth inflow
Population
31,295
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 2,221 for ZIP 55418 (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 55418 (2020–Present)
Since 2020, population grew 3.6%, median income rose 10.4% (inflation-adjusted), home values increased 10.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $95,630 |
| Unemployment | 3.3% |
| Establishments | 725 |
| Employees | 8,919 |