Income & Economy in Biwabik city, MN (55705)
Median Income
$54,047
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+231
Wealth inflow
Population
3,248
Unemployment
5.6%
1.9pp above US avg
IRS migration statistics show a net inflow of about 231 for ZIP 55705 (Biwabik 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 55705 (2020–Present)
Since 2020, population declined 1.4%, median income fell 4.0% (inflation-adjusted), home values increased 22.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $54,047 |
| Unemployment | 5.6% |
| Establishments | 56 |
| Employees | 338 |