Elk River city, MN

ZIP 55330 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Elk River city, MN (55330)

Median Income

$111,481

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+3,200

Wealth inflow

Population

45,080

Unemployment

2.1%

1.6pp below US avg

IRS migration statistics show a net inflow of about 3,200 for ZIP 55330 (Elk River 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.

Economic Indicators

Unemployment

2.1%-43% vs US avg

Self-Employed

3.3%-46% vs US avg

SNAP Benefits

4.0%-65% vs US avg

1,219

Establishments

14,598

Employees

~12 per establishment — small businesses dominate

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining1.2%
Construction10.7%
Manufacturing17.4%
Wholesale trade2.4%
Retail trade11.2%
Transportation, utilities4.7%
Information0.6%
Finance, insurance, real estate6.9%
Professional, scientific, management9.5%
Education, health care, social20.3%
Arts, entertainment, food services6.5%
Other services4.8%
Public administration3.8%

Household Income

Historical Trends in 55330 (2020–Present)

Since 2020, population grew 13.7%, median income rose 0.8% (inflation-adjusted), home values increased 18.1%.

Median Income

$111,481

+48% vs US avg

Unemployment Rate