Income & Economy in McGrath city, MN (56350)
Median Income
$40,000
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+33
Wealth inflow
Population
468
Unemployment
7.0%
3.3pp above US avg
IRS migration statistics show a net inflow of about 33 for ZIP 56350 (McGrath 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 56350 (2020–Present)
Since 2020, population declined 8.9%, median income fell 29.1% (inflation-adjusted), home values increased 10.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $40,000 |
| Unemployment | 7.0% |
| Establishments | 10 |
| Employees | 25 |