Income & Economy in Thief River Falls city, MN (56701)
Median Income
$73,243
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+910
Wealth inflow
Population
12,814
Unemployment
2.6%
1.1pp below US avg
IRS migration statistics show a net inflow of about 910 for ZIP 56701 (Thief River Falls 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 56701 (2020–Present)
Since 2020, population declined 1.9%, median income rose 1.8% (inflation-adjusted), home values decreased 1.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $73,243 |
| Unemployment | 2.6% |
| Establishments | 346 |
| Employees | 8,832 |