Income & Economy in Fosston city, MN (56542)
Median Income
$57,750
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+173
Wealth inflow
Population
2,435
Unemployment
7.3%
3.6pp above US avg
IRS migration statistics show a net inflow of about 173 for ZIP 56542 (Fosston 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 56542 (2020–Present)
Since 2020, population declined 8.3%, median income fell 1.9% (inflation-adjusted), home values increased 4.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $57,750 |
| Unemployment | 7.3% |
| Establishments | 104 |
| Employees | 1,195 |