Income & Economy in Hancock city, MN (56244)
Median Income
$82,841
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+123
Wealth inflow
Population
1,739
Unemployment
2.4%
1.3pp below US avg
IRS migration statistics show a net inflow of about 123 for ZIP 56244 (Hancock 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 56244 (2020–Present)
Since 2020, population grew 8.1%, median income fell 0.9% (inflation-adjusted), home values decreased 11.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $82,841 |
| Unemployment | 2.4% |
| Establishments | 42 |
| Employees | 304 |