Income & Economy in Pipestone city, MN (56164)
Median Income
$71,550
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+396
Wealth inflow
Population
5,573
Unemployment
4.4%
0.7pp above US avg
IRS migration statistics show a net inflow of about 396 for ZIP 56164 (Pipestone 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 56164 (2020–Present)
Since 2020, population grew 3.0%, median income rose 16.0% (inflation-adjusted), home values increased 9.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $71,550 |
| Unemployment | 4.4% |
| Establishments | 200 |
| Employees | 2,280 |