Income & Economy in West Concord city, MN (55985)
Median Income
$84,853
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+117
Wealth inflow
Population
1,644
Unemployment
5.6%
1.9pp above US avg
IRS migration statistics show a net inflow of about 117 for ZIP 55985 (West Concord 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 55985 (2020–Present)
Since 2020, population declined 9.3%, median income rose 8.4% (inflation-adjusted), home values increased 10.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $84,853 |
| Unemployment | 5.6% |
| Establishments | 37 |
| Employees | 502 |