Income & Economy in Milan city, MN (56262)
Median Income
$85,156
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+57
Wealth inflow
Population
799
Unemployment
10.0%
6.3pp above US avg
IRS migration statistics show a net inflow of about 57 for ZIP 56262 (Milan 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 56262 (2020–Present)
Since 2020, population grew 11.6%, median income rose 17.8% (inflation-adjusted), home values decreased 7.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $85,156 |
| Unemployment | 10.0% |
| Establishments | 15 |
| Employees | 69 |