Income & Economy in Grand Rapids city, MN (55744)
Median Income
$68,213
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,453
Wealth inflow
Population
20,469
Unemployment
4.6%
0.9pp above US avg
IRS migration statistics show a net inflow of about 1,453 for ZIP 55744 (Grand Rapids 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 55744 (2020–Present)
Since 2020, population grew 1.6%, median income rose 2.8% (inflation-adjusted), home values increased 15.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $68,213 |
| Unemployment | 4.6% |
| Establishments | 733 |
| Employees | 9,515 |