Hermantown city, MN

ZIP 55811 — 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 Hermantown city, MN (55811)

Median Income

$77,877

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,981

Wealth inflow

Population

27,907

Unemployment

3.3%

0.4pp below US avg

IRS migration statistics show a net inflow of about 1,981 for ZIP 55811 (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.

Economic Indicators

Unemployment

3.3%-10% vs US avg

Self-Employed

2.9%-53% vs US avg

SNAP Benefits

4.6%-61% vs US avg

953

Establishments

18,759

Employees

~20 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Agriculture, forestry, mining0.9%
Construction5.0%
Manufacturing7.0%
Wholesale trade1.9%
Retail trade12.5%
Transportation, utilities5.7%
Information1.0%
Finance, insurance, real estate5.5%
Professional, scientific, management6.9%
Education, health care, social34.7%
Arts, entertainment, food services10.5%
Other services4.4%
Public administration3.9%

Household Income

Historical Trends in 55811 (2020–Present)

Since 2020, population declined 0.8%, median income fell 2.7% (inflation-adjusted), home values increased 16.0%.

Median Income

$77,877

+4% vs US avg

Unemployment Rate