Income & Economy in Baxter city, MN (56425)
Median Income
$71,294
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+620
Wealth inflow
Population
8,729
Unemployment
2.1%
1.6pp below US avg
IRS migration statistics show a net inflow of about 620 for ZIP 56425 (Baxter 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 56425 (2020–Present)
Since 2020, population grew 4.0%, median income fell 13.2% (inflation-adjusted), home values increased 18.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $71,294 |
| Unemployment | 2.1% |
| Establishments | 422 |
| Employees | 7,569 |