Income & Economy in Underwood city, MN (56586)
Median Income
$82,333
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+128
Wealth inflow
Population
1,798
Unemployment
2.8%
0.9pp below US avg
IRS migration statistics show a net inflow of about 128 for ZIP 56586 (Underwood 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 56586 (2020–Present)
Since 2020, population declined 2.8%, median income fell 2.9% (inflation-adjusted), home values decreased 1.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $82,333 |
| Unemployment | 2.8% |
| Establishments | 48 |
| Employees | 250 |