Income & Economy in Elgin city, MN (55932)
Median Income
$102,727
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+148
Wealth inflow
Population
2,080
Unemployment
3.2%
0.5pp below US avg
IRS migration statistics show a net inflow of about 148 for ZIP 55932 (Elgin 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 55932 (2020–Present)
Since 2020, population grew 4.2%, median income rose 8.0% (inflation-adjusted), home values increased 16.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $102,727 |
| Unemployment | 3.2% |
| Establishments | 57 |
| Employees | 289 |