Income & Economy in Herman city, MN (56248)
Median Income
$82,031
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+54
Wealth inflow
Population
760
Unemployment
6.3%
2.6pp above US avg
IRS migration statistics show a net inflow of about 54 for ZIP 56248 (Herman 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 56248 (2020–Present)
Since 2020, population declined 11.0%, median income rose 3.4% (inflation-adjusted), home values increased 34.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $82,031 |
| Unemployment | 6.3% |
| Establishments | 32 |
| Employees | 121 |