Income & Economy in Hendrum city, MN (56550)
Median Income
$62,500
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+21
Wealth inflow
Population
291
Unemployment
1.8%
1.9pp below US avg
IRS migration statistics show a net inflow of about 21 for ZIP 56550 (Hendrum 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 56550 (2020–Present)
Since 2020, population declined 7.9%, median income rose 3.3% (inflation-adjusted), home values increased 36.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $62,500 |
| Unemployment | 1.8% |
| Establishments | 8 |
| Employees | 23 |