Income & Economy in Cottonwood city, MN (56229)
Median Income
$99,821
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+123
Wealth inflow
Population
1,729
Unemployment
6.3%
2.6pp above US avg
IRS migration statistics show a net inflow of about 123 for ZIP 56229 (Cottonwood 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 56229 (2020–Present)
Since 2020, population declined 3.0%, median income rose 11.7% (inflation-adjusted), home values increased 1.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $99,821 |
| Unemployment | 6.3% |
| Establishments | 43 |
| Employees | 679 |