Income & Economy in Hayfield city, MN (55940)
Median Income
$83,906
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+199
Wealth inflow
Population
2,810
Unemployment
2.9%
0.8pp below US avg
IRS migration statistics show a net inflow of about 199 for ZIP 55940 (Hayfield 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 55940 (2020–Present)
Since 2020, population grew 2.4%, median income rose 18.8% (inflation-adjusted), home values increased 20.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $83,906 |
| Unemployment | 2.9% |
| Establishments | 49 |
| Employees | 455 |