Freeport city, MN

ZIP 56331 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Freeport city, MN (56331)

Median Income

$90,893

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+154

Wealth inflow

Population

2,176

Unemployment

1.3%

2.5pp below US avg

IRS migration statistics show a net inflow of about 154 for ZIP 56331 (Freeport 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.

Economic Indicators

Unemployment

1.3%-66% vs US avg

Self-Employed

0.9%-85% vs US avg

SNAP Benefits

3.8%-68% vs US avg

Establishments

538

Employees

~7 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining14.7%
Construction10.9%
Manufacturing11.1%
Wholesale trade4.3%
Retail trade11.5%
Transportation, utilities9.2%
Information0.2%
Finance, insurance, real estate3.1%
Professional, scientific, management4.2%
Education, health care, social21.4%
Arts, entertainment, food services7.2%
Other services1.5%
Public administration0.8%

Household Income

Historical Trends in 56331 (2020–Present)

Since 2020, population declined 11.6%, median income fell 6.0% (inflation-adjusted), home values increased 7.3%.

Median Income

$90,893

+21% vs US avg

Unemployment Rate