Income & Economy in Hermantown city, MN (55810)
Median Income
$81,894
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+589
Wealth inflow
Population
8,305
Unemployment
1.3%
2.4pp below US avg
IRS migration statistics show a net inflow of about 589 for ZIP 55810 (Hermantown 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 55810 (2020–Present)
Since 2020, population declined 0.2%, median income rose 2.5% (inflation-adjusted), home values increased 15.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $81,894 |
| Unemployment | 1.3% |
| Establishments | 146 |
| Employees | 1,326 |