Income & Economy in Baudette city, MN (56623)
Median Income
$74,000
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+191
Wealth inflow
Population
2,684
Unemployment
1.8%
1.9pp below US avg
IRS migration statistics show a net inflow of about 191 for ZIP 56623 (Baudette 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 56623 (2020–Present)
Since 2020, population grew 8.6%, median income rose 25.2% (inflation-adjusted), home values decreased 6.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $74,000 |
| Unemployment | 1.8% |
| Establishments | 115 |
| Employees | 1,096 |