Income & Economy in Mendota Heights city, MN (55120)
Median Income
$111,900
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+361
Wealth inflow
Population
5,080
Unemployment
0.7%
3.0pp below US avg
IRS migration statistics show a net inflow of about 361 for ZIP 55120 (Mendota Heights 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 55120 (2020–Present)
Since 2020, population grew 0.9%, median income rose 4.7% (inflation-adjusted), home values increased 11.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $111,900 |
| Unemployment | 0.7% |
| Establishments | 398 |
| Employees | 13,061 |