Income & Economy in Watson city, MN (56295)
Median Income
$58,333
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+21
Wealth inflow
Population
301
Unemployment
3.6%
0.1pp below US avg
IRS migration statistics show a net inflow of about 21 for ZIP 56295 (Watson 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 56295 (2020–Present)
Since 2020, population grew 14.9%, median income fell 17.1% (inflation-adjusted), home values increased 2.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $58,333 |
| Unemployment | 3.6% |
| Establishments | 11 |
| Employees | 45 |