Income & Economy in Red Lake Falls city, MN (56750)
Median Income
$74,688
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+162
Wealth inflow
Population
2,280
Unemployment
2.0%
1.7pp below US avg
IRS migration statistics show a net inflow of about 162 for ZIP 56750 (Red Lake Falls 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 56750 (2020–Present)
Since 2020, population grew 1.0%, median income rose 16.4% (inflation-adjusted), home values increased 8.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $74,688 |
| Unemployment | 2.0% |
| Establishments | 56 |
| Employees | 342 |