Income & Economy in Cloquet city, MN (55720)
Median Income
$66,399
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,241
Wealth inflow
Population
17,480
Unemployment
4.7%
1.0pp above US avg
IRS migration statistics show a net inflow of about 1,241 for ZIP 55720 (Cloquet 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 55720 (2020–Present)
Since 2020, population grew 2.0%, median income fell 0.1% (inflation-adjusted), home values increased 9.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $66,399 |
| Unemployment | 4.7% |
| Establishments | 398 |
| Employees | 5,570 |