Income & Economy in Redwood Falls city, MN (56283)
Median Income
$66,548
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+459
Wealth inflow
Population
6,469
Unemployment
1.0%
2.7pp below US avg
IRS migration statistics show a net inflow of about 459 for ZIP 56283 (Redwood Falls 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 56283 (2020–Present)
Since 2020, population grew 2.6%, median income fell 3.3% (inflation-adjusted), home values increased 4.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $66,548 |
| Unemployment | 1.0% |
| Establishments | 272 |
| Employees | 2,877 |