Income & Economy in Melvin city, IA (51350)
Median Income
$72,708
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+24
Wealth inflow
Population
417
Unemployment
3.7%
0.0pp below US avg
IRS migration statistics show a net inflow of about 24 for ZIP 51350 (Melvin city, IA) 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 51350 (2020–Present)
Since 2020, population declined 14.2%, median income rose 11.7% (inflation-adjusted), home values increased 20.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $72,708 |
| Unemployment | 3.7% |
| Establishments | 4 |
| Employees | 35 |