Income & Economy in Boyd city, MN (56218)
Median Income
$81,563
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+33
Wealth inflow
Population
463
Unemployment
2.6%
1.1pp below US avg
IRS migration statistics show a net inflow of about 33 for ZIP 56218 (Boyd 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 56218 (2020–Present)
Since 2020, population grew 5.2%, median income rose 2.6% (inflation-adjusted), home values decreased 20.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $81,563 |
| Unemployment | 2.6% |
| Establishments | 13 |
| Employees | 33 |