Income & Economy in Albany city, MN (56307)
Median Income
$89,563
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+371
Wealth inflow
Population
5,227
Unemployment
4.1%
0.4pp above US avg
IRS migration statistics show a net inflow of about 371 for ZIP 56307 (Albany 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 56307 (2020–Present)
Since 2020, population declined 3.7%, median income rose 0.6% (inflation-adjusted), home values increased 2.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $89,563 |
| Unemployment | 4.1% |
| Establishments | 148 |
| Employees | 1,943 |