Income & Economy in Madison Lake city, MN (56063)
Median Income
$100,156
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+217
Wealth inflow
Population
3,059
Unemployment
4.2%
0.5pp above US avg
IRS migration statistics show a net inflow of about 217 for ZIP 56063 (Madison Lake 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 56063 (2020–Present)
Since 2020, population grew 7.9%, median income fell 10.9% (inflation-adjusted), home values increased 4.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $100,156 |
| Unemployment | 4.2% |
| Establishments | 75 |
| Employees | 477 |