Inver Grove Heights, Minnesota Income Statistics
Inver Grove Heights Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Inver Grove Heights Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Inver Grove Heights | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $102,159 | $89,852 | $80,455 |
| Median Personal Income | $73,810 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.4% | 4.8% |
| Six-Figure Earners | 19.5% | 15.1% | 13.9% |
| $200k+ Households | 17.3% | 13.8% | 13.2% |
The median household income in Inver Grove Heights is about 14% higher than in Minnesota. Income has been growing faster in Inver Grove Heights (4.7%/yr) than in Minnesota (4.4%/yr).
About 20% of adults in Inver Grove Heights 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 Inver Grove Heights, Minnesota grew by 47.1% from 2009 to 2024, reaching $102,159 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Inver Grove Heights
| Metric | Inver Grove Heights | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.477 | 0.507 | 0.552 |
| Male Median Income | $81,609 | $74,898 | $69,667 |
| Female Median Income | $71,431 | $62,922 | $56,850 |
| Gender Pay Gap | 12.5% | 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 Inver Grove Heights, it is 0.477, 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 14% more than women's income in Inver Grove Heights, Minnesota. Over a 35-year career, a 14% wage gap accumulates to roughly $356,230 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Inver Grove Heights, Minnesota has narrowed from about 21% to 12% in 2024. Over that period the gap was widest at 23% in 2021. In dollar terms, the gap has narrowed by $1,663 since 2009.
Employment
| Metric | Inver Grove Heights | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 4.1% | 5.2% |
| Working from Home | 23.8% | 17.6% | 15.0% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 690 people are unemployed in Inver Grove Heights, Minnesota.
The average commute time in Inver Grove Heights is 21 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Inver Grove Heights, Minnesota has fallen from 6.7% to 3.5% in 2024. Over that period the rate peaked at 7.6% in 2013 and fell as low as 3.2% in 2022.
Inver Grove Heights, MN Wealth Compared With Nearby Cities
How Inver Grove Heights, MN compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Inver Grove Heights, MN | 34,071 | $102,159 #2/3 | 4.7%/yr #2/3 | 3.5% #2/3 | 0.477 #2/3 |
| South St. Paul, MN | 21,076 | $87,622 | 5.9%/yr | 5.8% | 0.473 |
| Rosemount, MN | 27,562 | $131,100 | 4.3%/yr | 3.5% | 0.489 |
Conclusion
Considering all these factors, Inver Grove Heights, 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 Inver Grove Heights, Minnesota.
How Wealthy Is Inver Grove Heights, Minnesota?
Inver Grove Heights 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 $102,159, about 14% higher than the Minnesota average of $89,852.
Are incomes growing in Inver Grove Heights, Minnesota?
Between 2009 and 2024, the median household income in Inver Grove Heights, Minnesota rose 47%, from $69,456 to $102,159. Over the same years, income here lagged behind Minnesota as a whole: +47% against +57%.
What was the median household income in Inver Grove Heights in 2023?
In 2023, the median household income in Inver Grove Heights, Minnesota was $104,841, up 4% from $101,034 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Inver Grove Heights in 2020?
In 2020, the median household income in Inver Grove Heights, Minnesota was $83,755. By 2024 it had risen 22% to $102,159.
What is the Gini coefficient in Inver Grove Heights, Minnesota?
The Gini coefficient in Inver Grove Heights is 0.477. 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 Inver Grove Heights, Minnesota?
Since 2009, the income gap between men and women in Inver Grove Heights, Minnesota has narrowed from about 21% to 12% in 2024. Over that period the gap was widest at 23% in 2021. In dollar terms, the gap has narrowed by $1,663 since 2009.
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