Biwabik city, MN

ZIP 55708 — Economy & Jobs

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

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Biwabik city, MN (55708)

Median Income

$68,859

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+60

Wealth inflow

Population

850

Unemployment

4.1%

0.4pp above US avg

IRS migration statistics show a net inflow of about 60 for ZIP 55708 (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.

Economic Indicators

Unemployment

4.1%+11% vs US avg

Self-Employed

5.3%-13% vs US avg

SNAP Benefits

5.8%-51% vs US avg

Establishments

393

Employees

~17 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Agriculture, forestry, mining11.9%
Construction11.6%
Manufacturing0.8%
Wholesale trade2.3%
Retail trade9.8%
Transportation, utilities10.6%
Finance, insurance, real estate10.9%
Professional, scientific, management8.1%
Education, health care, social17.9%
Arts, entertainment, food services4.0%
Other services0.5%
Public administration11.6%

Household Income

Historical Trends in 55708 (2020–Present)

Since 2020, population grew 35.1%, median income rose 24.2% (inflation-adjusted), home values increased 14.1%.

Median Income

$68,859

-8% vs US avg

Unemployment Rate