Income & Economy in Red Wing city, MN (55089)
Median Income
$105,938
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+125
Wealth inflow
Population
1,760
Unemployment
1.8%
1.9pp below US avg
IRS migration statistics show a net inflow of about 125 for ZIP 55089 (Red Wing 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 55089 (2020–Present)
Since 2020, population grew 14.0%, median income rose 6.1% (inflation-adjusted), home values increased 9.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $105,938 |
| Unemployment | 1.8% |
| Establishments | 38 |
| Employees | 2,475 |