Nicollet city, MN

ZIP 56074 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Nicollet city, MN (56074)

Median Income

$91,397

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+131

Wealth inflow

Population

1,850

Unemployment

0.8%

2.9pp below US avg

IRS migration statistics show a net inflow of about 131 for ZIP 56074 (Nicollet 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.

Economic Indicators

Unemployment

0.8%-78% vs US avg

Self-Employed

2.0%-67% vs US avg

SNAP Benefits

4.5%-62% vs US avg

Establishments

425

Employees

~9 per establishment — small businesses dominate

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining11.4%
Construction10.7%
Manufacturing19.8%
Wholesale trade2.9%
Retail trade8.6%
Transportation, utilities3.3%
Information2.0%
Finance, insurance, real estate5.0%
Professional, scientific, management4.4%
Education, health care, social21.1%
Arts, entertainment, food services5.9%
Other services2.6%
Public administration2.3%

Household Income

Historical Trends in 56074 (2020–Present)

Since 2020, population declined 2.2%, median income fell 4.0% (inflation-adjusted), home values increased 9.7%.

Median Income

$91,397

+22% vs US avg

Unemployment Rate