Hennepin County, Minnesota Income Statistics
Hennepin 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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B
Hennepin County Around averageWealthier than 93% of counties in Minnesota
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hennepin County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,974 | $89,852 | $80,455 |
| Median Personal Income | $77,594 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.4% | 4.8% |
| Six-Figure Earners | 21.0% | 15.1% | 13.9% |
| $200k+ Households | 19.2% | 13.8% | 13.2% |
The median household income in Hennepin County is about 9% higher than in Minnesota. Income has been growing faster in Hennepin County (4.7%/yr) than in Minnesota (4.4%/yr).
About 21% of adults in Hennepin 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 Hennepin County, Minnesota grew by 59.3% from 2009 to 2024, reaching $97,974 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Hennepin County
| Metric | Hennepin County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.507 | 0.552 |
| Male Median Income | $87,421 | $74,898 | $69,667 |
| Female Median Income | $73,429 | $62,922 | $56,850 |
| Gender Pay Gap | 16.0% | 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 Hennepin County, it is 0.504, about the same as Minnesota's 0.507, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 19% more than women's income in Hennepin County, Minnesota. Over a 35-year career, a 19% wage gap accumulates to roughly $489,720 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hennepin County, Minnesota has narrowed from about 19% to 16% in 2024. Over that period the gap was widest at 20% in 2011, and was narrowest at 14% in 2018. In dollar terms, the gap has widened by $3,524 since 2009.
Employment
| Metric | Hennepin County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.1% | 5.2% |
| Working from Home | 25.2% | 17.6% | 15.0% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 33,035 people are unemployed in Hennepin County, Minnesota.
The average commute time in Hennepin County is 20 minutes, about the same as in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hennepin County, Minnesota has fallen from 7.5% to 4.5% in 2024. Over that period the rate peaked at 7.7% in 2013 and fell as low as 3.8% in 2019.
Hennepin County, MN Wealth Compared With Nearby Counties
Hennepin County, MN is the largest of the 6 counties compared here, 1,268,249 residents against a local median of 154,543. Hennepin County, MN's unemployment, at 4.5%, runs 31% above the 3.5% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 2.1% on unemployment, so Hennepin County, MN sits at one end of an already wide local range rather than apart from it. Hennepin County, MN has the 5th lowest unemployment 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. |
|---|---|---|---|---|---|
| Hennepin County, MN | 1,268,249 | $97,974 #5/6 | 4.7%/yr #1/6 | 4.5% #5/6 | 0.504 #5/6 |
| Anoka County, MN | 370,272 | $101,615 | 4.1%/yr | 4.3% | 0.491 |
| Scott County, MN | 154,543 | $120,239 | 3.6%/yr | 3.5% | 0.497 |
| Carver County, MN | 110,041 | $126,357 | 4.4%/yr | 3.1% | 0.496 |
| Ramsey County, MN | 542,690 | $82,398 | 4.5%/yr | 4.9% | 0.514 |
| Wright County, MN | 148,225 | $106,875 | 4.4%/yr | 2.7% | 0.489 |
Conclusion
Considering all these factors, Hennepin County, Minnesota has an overall wealth index grade of B, making it somewhat better than Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hennepin County, Minnesota.
How Rich Is Hennepin County, Minnesota?
Hennepin County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $97,974, about 9% higher than the Minnesota average of $89,852.
How has median household income changed in Hennepin County, Minnesota?
Between 2009 and 2024, the median household income in Hennepin County, Minnesota rose 59%, from $61,511 to $97,974. Over the same years, income here outpaced Minnesota as a whole: +59% against +57%.
What was the median household income in Hennepin County in 2023?
In 2023, the median household income in Hennepin County, Minnesota was $96,563, up 4% from $93,117 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Hennepin County in 2020?
In 2020, the median household income in Hennepin County, Minnesota was $81,664. By 2024 it had risen 20% to $97,974.
How many people earn six figures in Hennepin County, Minnesota?
Yes. 21% of adults in Hennepin County, Minnesota earn $100,000 or more a year (about 1 in 5), against 15% (about 1 in 7) in Minnesota. 19% of households have a combined income of $200,000 or more, compared with 14% in Minnesota.
What is the Gini coefficient in Hennepin County, Minnesota?
The Gini coefficient in Hennepin County is 0.504. 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 Hennepin County, Minnesota?
Since 2009, the income gap between men and women in Hennepin County, Minnesota has narrowed from about 19% to 16% in 2024. Over that period the gap was widest at 20% in 2011, and was narrowest at 14% in 2018. In dollar terms, the gap has widened by $3,524 since 2009.
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