Income & Economy in Avoca city, MN (56114)
Median Income
$75,000
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+25
Wealth inflow
Population
356
Unemployment
4.1%
0.4pp above US avg
IRS migration statistics show a net inflow of about 25 for ZIP 56114 (Avoca 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 56114 (2020–Present)
Since 2020, population declined 3.0%, median income fell 7.8% (inflation-adjusted), home values decreased 2.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $75,000 |
| Unemployment | 4.1% |
| Establishments | 7 |
| Employees | 29 |