Income & Economy in Wells city, MN (56097)
Median Income
$63,646
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+255
Wealth inflow
Population
3,593
Unemployment
3.6%
0.1pp below US avg
IRS migration statistics show a net inflow of about 255 for ZIP 56097 (Wells 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 56097 (2020–Present)
Since 2020, population declined 4.7%, median income fell 0.5% (inflation-adjusted), home values increased 6.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $63,646 |
| Unemployment | 3.6% |
| Establishments | 81 |
| Employees | 967 |