Income & Economy in Two Harbors city, MN (55616)
Median Income
$77,242
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+517
Wealth inflow
Population
7,277
Unemployment
2.0%
1.7pp below US avg
IRS migration statistics show a net inflow of about 517 for ZIP 55616 (Two Harbors 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 55616 (2020–Present)
Since 2020, population grew 3.6%, median income fell 0.4% (inflation-adjusted), home values increased 8.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $77,242 |
| Unemployment | 2.0% |
| Establishments | 205 |
| Employees | 2,374 |