Income & Economy in Park Rapids city, MN (56470)
Median Income
$68,351
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+771
Wealth inflow
Population
10,859
Unemployment
4.7%
1.0pp above US avg
IRS migration statistics show a net inflow of about 771 for ZIP 56470 (Park Rapids 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 56470 (2020–Present)
Since 2020, population grew 1.9%, median income rose 3.3% (inflation-adjusted), home values increased 2.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $68,351 |
| Unemployment | 4.7% |
| Establishments | 422 |
| Employees | 3,724 |