Income & Economy in Corcoran city, MN (55340)
Median Income
$174,120
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+694
Wealth inflow
Population
9,776
Unemployment
2.2%
1.5pp below US avg
IRS migration statistics show a net inflow of about 694 for ZIP 55340 (Corcoran 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 55340 (2020–Present)
Since 2020, population grew 12.6%, median income fell 0.7% (inflation-adjusted), home values increased 5.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $174,120 |
| Unemployment | 2.2% |
| Establishments | 379 |
| Employees | 8,258 |