Income & Economy in Bingham Lake city, MN (56118)
Median Income
$89,076
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+36
Wealth inflow
Population
501
Unemployment
0.0%
3.7pp below US avg
IRS migration statistics show a net inflow of about 36 for ZIP 56118 (Bingham Lake 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 56118 (2020–Present)
Since 2020, population grew 3.7%, median income fell 0.5% (inflation-adjusted), home values increased 28.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $89,076 |
| Unemployment | 0.0% |
| Establishments | 6 |
| Employees | 99 |