Income & Economy in Waite Park city, MN (56387)
Median Income
$57,387
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+547
Wealth inflow
Population
7,705
Unemployment
9.4%
5.7pp above US avg
IRS migration statistics show a net inflow of about 547 for ZIP 56387 (Waite Park 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 56387 (2020–Present)
Since 2020, population grew 5.3%, median income rose 8.2% (inflation-adjusted), home values increased 15.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $57,387 |
| Unemployment | 9.4% |
| Establishments | 414 |
| Employees | 8,483 |