Bloomington city, MN

ZIP 55420 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Bloomington city, MN (55420)

Median Income

$77,539

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,704

Wealth inflow

Population

24,008

Unemployment

5.8%

2.0pp above US avg

IRS migration statistics show a net inflow of about 1,704 for ZIP 55420 (Bloomington 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.

Economic Indicators

Unemployment

5.8%+55% vs US avg

Self-Employed

2.2%-64% vs US avg

SNAP Benefits

11.1%-5% vs US avg

781

Establishments

17,188

Employees

~22 per establishment — mix of small and larger employers

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.2%
Construction4.7%
Manufacturing14.1%
Wholesale trade1.2%
Retail trade13.7%
Transportation, utilities5.0%
Information1.6%
Finance, insurance, real estate8.4%
Professional, scientific, management11.3%
Education, health care, social21.7%
Arts, entertainment, food services10.7%
Other services5.6%
Public administration2.0%

Household Income

Historical Trends in 55420 (2020–Present)

Since 2020, population grew 8.1%, median income rose 4.1% (inflation-adjusted), home values increased 12.6%.

Median Income

$77,539

+3% vs US avg

Unemployment Rate