Income & Economy in Clarks Grove city, MN (56016)
Median Income
$85,938
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+70
Wealth inflow
Population
991
Unemployment
3.1%
0.6pp below US avg
IRS migration statistics show a net inflow of about 70 for ZIP 56016 (Clarks Grove 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 56016 (2020–Present)
Since 2020, population grew 9.0%, median income rose 10.8% (inflation-adjusted), home values increased 21.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $85,938 |
| Unemployment | 3.1% |
| Establishments | 21 |
| Employees | 169 |