Income & Economy in Babbitt city, MN (55732)
Median Income
$62,604
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+99
Wealth inflow
Population
1,398
Unemployment
4.9%
1.2pp above US avg
IRS migration statistics show a net inflow of about 99 for ZIP 55732 (Babbitt 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 55732 (2020–Present)
Since 2020, population grew 3.4%, median income fell 1.2% (inflation-adjusted), home values increased 18.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $62,604 |
| Unemployment | 4.9% |
| Establishments | 16 |
| Employees | 32 |