Income & Economy in Wood Lake city, MN (56297)
Median Income
$80,250
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+58
Wealth inflow
Population
824
Unemployment
0.8%
2.9pp below US avg
IRS migration statistics show a net inflow of about 58 for ZIP 56297 (Wood Lake 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 56297 (2020–Present)
Since 2020, population grew 3.8%, median income fell 8.6% (inflation-adjusted), home values increased 5.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $80,250 |
| Unemployment | 0.8% |
| Establishments | 16 |
| Employees | 96 |