Income & Economy in Hector city, MN (55342)
Median Income
$63,257
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+134
Wealth inflow
Population
1,884
Unemployment
4.3%
0.6pp above US avg
IRS migration statistics show a net inflow of about 134 for ZIP 55342 (Hector 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 55342 (2020–Present)
Since 2020, population grew 7.0%, median income fell 9.8% (inflation-adjusted), home values increased 25.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $63,257 |
| Unemployment | 4.3% |
| Establishments | 59 |
| Employees | 416 |