Carver County, Minnesota Income Statistics
Carver County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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A+
Carver County Top gradeWealthiest county in Minnesota
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carver County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $126,357 | $89,852 | $80,455 |
| Median Personal Income | $83,371 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.4% | 4.8% |
| Six-Figure Earners | 24.4% | 15.1% | 13.9% |
| $200k+ Households | 26.0% | 13.8% | 13.2% |
The median household income in Carver County is about 41% higher than in Minnesota. Income has been growing faster in Carver County (4.4%/yr) than in Minnesota (4.4%/yr).
About 24% of adults in Carver County earn six figures ($100,000 or more) a year, higher than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Carver County, Minnesota grew by 60.1% from 2009 to 2024, reaching $126,357 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Carver County
| Metric | Carver County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.507 | 0.552 |
| Male Median Income | $97,909 | $74,898 | $69,667 |
| Female Median Income | $75,050 | $62,922 | $56,850 |
| Gender Pay Gap | 23.3% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Carver County, it is 0.496, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 30% more than women's income in Carver County, Minnesota. Over a 35-year career, a 30% wage gap accumulates to roughly $800,065 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carver County, Minnesota has narrowed from about 30% to 23% in 2024. Over that period the gap was widest at 33% in 2012, and was narrowest at 23% in 2022. In dollar terms, the gap has widened by $4,454 since 2009.
Employment
| Metric | Carver County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.1% | 5.2% |
| Working from Home | 23.5% | 17.6% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 1,920 people are unemployed in Carver County, Minnesota.
The average commute time in Carver County is 22 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carver County, Minnesota has fallen from 5.0% to 3.1% in 2024. Over that period the rate peaked at 5.7% in 2013 and fell as low as 2.1% in 2018.
Carver County, MN Wealth Compared With Nearby Counties
Carver County, MN is the 4th largest of the 6 counties compared here, 110,041 residents against a local median of 148,225. The measure that sets Carver County, MN apart most is median household income: $126,357, 29% above the local median of $97,974. That is the better end of the local range on this measure.
The counties themselves spread $39,439 on median household income, so Carver County, MN sits at one end of an already wide local range rather than apart from it. Carver County, MN has the highest median household income of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Carver County, MN | 110,041 | $126,357 #1/6 | 4.4%/yr #3/6 | 3.1% #2/6 | 0.496 #4/6 |
| Scott County, MN | 154,543 | $120,239 | 3.6%/yr | 3.5% | 0.497 |
| Hennepin County, MN | 1,268,249 | $97,974 | 4.7%/yr | 4.5% | 0.504 |
| Wright County, MN | 148,225 | $106,875 | 4.4%/yr | 2.7% | 0.489 |
| Le Sueur County, MN | 29,116 | $92,665 | 4.9%/yr | 4.2% | 0.478 |
| McLeod County, MN | 36,799 | $80,800 | 4.3%/yr | 3.3% | 0.475 |
Conclusion
Considering all these factors, Carver County, Minnesota has an overall wealth index grade of A+, making it somewhat better than Minnesota, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Carver County, Minnesota.
How Rich Is Carver County, Minnesota?
Carver County has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $126,357, about 41% higher than the Minnesota average of $89,852.
Are incomes growing in Carver County, Minnesota?
Between 2009 and 2024, the median household income in Carver County, Minnesota rose 60%, from $78,916 to $126,357. Over the same years, income here outpaced Minnesota as a whole: +60% against +57%.
What was the median household income in Carver County in 2023?
In 2023, the median household income in Carver County, Minnesota was $122,993, up 5% from $117,120 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Carver County in 2020?
In 2020, the median household income in Carver County, Minnesota was $104,621. By 2024 it had risen 21% to $126,357.
Do many residents of Carver County, Minnesota earn over $100,000?
Yes. 24% of adults in Carver County, Minnesota earn $100,000 or more a year (about 1 in 4), against 15% (about 1 in 7) in Minnesota. 26% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
Is unemployment high in Carver County, Minnesota?
Unemployment in Carver County, Minnesota is only 3.1%, well below the Minnesota rate of 4.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Carver County, Minnesota?
The Gini coefficient in Carver County is 0.496. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Carver County, Minnesota?
Since 2009, the income gap between men and women in Carver County, Minnesota has narrowed from about 30% to 23% in 2024. Over that period the gap was widest at 33% in 2012, and was narrowest at 23% in 2022. In dollar terms, the gap has widened by $4,454 since 2009.
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