Income & Economy in Montevideo city, MN (56265)
Median Income
$72,564
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+528
Wealth inflow
Population
7,433
Unemployment
2.7%
1.0pp below US avg
IRS migration statistics show a net inflow of about 528 for ZIP 56265 (Montevideo 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 56265 (2020–Present)
Since 2020, population grew 5.9%, median income rose 3.2% (inflation-adjusted), home values increased 16.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $72,564 |
| Unemployment | 2.7% |
| Establishments | 244 |
| Employees | 3,724 |