Income & Economy in Wheaton city, MN (56296)
Median Income
$57,051
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+132
Wealth inflow
Population
1,861
Unemployment
6.2%
2.5pp above US avg
IRS migration statistics show a net inflow of about 132 for ZIP 56296 (Wheaton 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 56296 (2020–Present)
Since 2020, population grew 0.9%, median income rose 5.0% (inflation-adjusted), home values decreased 0.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $57,051 |
| Unemployment | 6.2% |
| Establishments | 77 |
| Employees | 532 |