Income & Economy in Red Oak city, IA (51566)
Median Income
$58,264
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+402
Wealth inflow
Population
7,004
Unemployment
3.4%
0.3pp below US avg
IRS migration statistics show a net inflow of about 402 for ZIP 51566 (Red Oak 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 51566 (2020–Present)
Since 2020, population grew 7.3%, median income fell 9.1% (inflation-adjusted), home values increased 13.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $58,264 |
| Unemployment | 3.4% |
| Establishments | 207 |
| Employees | 2,900 |