Income & Economy in Cottage Grove city, MN (55016)
Median Income
$121,295
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,834
Wealth inflow
Population
39,925
Unemployment
3.5%
0.2pp below US avg
IRS migration statistics show a net inflow of about 2,834 for ZIP 55016 (Cottage Grove 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 55016 (2020–Present)
Since 2020, population grew 9.0%, median income rose 0.7% (inflation-adjusted), home values increased 17.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $121,295 |
| Unemployment | 3.5% |
| Establishments | 537 |
| Employees | 9,224 |