Income & Economy in Lancaster city, MN (56735)
Median Income
$66,625
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+47
Wealth inflow
Population
658
Unemployment
2.0%
1.7pp below US avg
IRS migration statistics show a net inflow of about 47 for ZIP 56735 (Lancaster 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 56735 (2020–Present)
Since 2020, population declined 14.4%, median income rose 6.0% (inflation-adjusted), home values increased 14.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $66,625 |
| Unemployment | 2.0% |
| Establishments | 13 |
| Employees | 41 |