Income & Economy in Balaton city, MN (56115)
Median Income
$67,177
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+90
Wealth inflow
Population
1,262
Unemployment
3.4%
0.3pp below US avg
IRS migration statistics show a net inflow of about 90 for ZIP 56115 (Balaton 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 56115 (2020–Present)
Since 2020, population declined 10.2%, median income fell 1.3% (inflation-adjusted), home values decreased 1.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $67,177 |
| Unemployment | 3.4% |
| Establishments | 32 |
| Employees | 123 |