Minneapolis city, MN

ZIP 55411 — Economy & Jobs

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

Working ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Minneapolis city, MN (55411)

Median Income

$53,368

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,109

Wealth inflow

Population

29,719

Unemployment

6.9%

3.2pp above US avg

IRS migration statistics show a net inflow of about 2,109 for ZIP 55411 (Minneapolis 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

6.9%+86% vs US avg

Self-Employed

2.4%-60% vs US avg

SNAP Benefits

35.7%+205% vs US avg

489

Establishments

8,397

Employees

~17 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Agriculture, forestry, mining1.1%
Construction4.0%
Manufacturing14.0%
Wholesale trade0.9%
Retail trade10.5%
Transportation, utilities4.6%
Information1.8%
Finance, insurance, real estate4.7%
Professional, scientific, management10.3%
Education, health care, social29.3%
Arts, entertainment, food services12.0%
Other services4.5%
Public administration2.2%

Household Income

Historical Trends in 55411 (2020–Present)

Since 2020, population declined 6.2%, median income rose 7.5% (inflation-adjusted), home values increased 18.6%.

Median Income

$53,368

-29% vs US avg

Unemployment Rate