Income & Economy in Magnolia city, MN (56158)
Median Income
$47,212
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+22
Wealth inflow
Population
316
Unemployment
1.7%
2.0pp below US avg
IRS migration statistics show a net inflow of about 22 for ZIP 56158 (Magnolia 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 56158 (2020–Present)
Since 2020, population declined 8.7%, median income fell 38.6% (inflation-adjusted), home values decreased 13.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $47,212 |
| Unemployment | 1.7% |
| Establishments | 7 |
| Employees | 33 |