Minnesota Income Statistics
Minnesota Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
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B
Minnesota Around averageAmong the top 5 wealthiest states in US
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in Minnesota
- Carver County (132% of U.S. avg)
- Scott County (129% of U.S. avg)
- Washington County (127% of U.S. avg)
- Mahnomen County (87% of U.S. avg)
- Beltrami County (92% of U.S. avg)
- Pine County (92% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Minnesota | US Average |
|---|---|---|
| Median Household Income | $89,852 | $80,455 |
| Median Personal Income | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.8% |
| Six-Figure Earners | 15.1% | 13.9% |
| $200k+ Households | 13.8% | 13.2% |
The median household income in Minnesota is about 12% higher than in US. Income has been growing slower in Minnesota (4.4%/yr) than in US (4.8%/yr).
About 15% of adults in Minnesota earn six figures ($100,000 or more) a year, higher than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Minnesota grew by 57.0% from 2009 to 2024, reaching $89,852 in 2024. That's an average of about 4.4% per year.
Minnesota has stayed above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. It came closest in 2010, at 11% higher. The gap has held fairly steady over the period.
Income Distribution in Minnesota
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 1,026,707 households (44.7% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 17.3% of households in Minnesota had an income under $35,000 and 25.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Minnesota has a larger share of households earning $100,000 to $149,999 (19.6% vs 17.4%) and a smaller share earning under $10,000 (3.8% vs 5.1%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 86,699 | 3.8% | 5.1% |
| $10,000 to $14,999 | 61,689 | 2.7% | 3.5% |
| $15,000 to $24,999 | 120,200 | 5.2% | 6.4% |
| $25,000 to $34,999 | 128,926 | 5.6% | 6.7% |
| $35,000 to $49,999 | 214,644 | 9.3% | 10.1% |
| $50,000 to $74,999 | 357,532 | 15.5% | 15.5% |
| $75,000 to $99,999 | 302,965 | 13.2% | 12.6% |
| $100,000 to $149,999 | 451,068 | 19.6% | 17.4% |
| $150,000 to $199,999 | 257,243 | 11.2% | 9.5% |
| $200,000 or more | 318,396 | 13.8% | 13.2% |
Shares are of all 2,299,361 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 704,506 residents (15.1% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 16.5% of residents who have any income.
In 2024, 8.0% of Minnesota residents aged 15 and over reported no personal income, 26.6% had some income but less than $25,000, and 25.5% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Minnesota has a larger share of residents earning $50,000 to $74,999 (17.6% vs 14.3%) and a smaller share with no personal income (8.0% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 372,831 | 8.0% | 12.8% |
| $1 to $9,999 | 510,308 | 11.0% | 11.2% |
| $10,000 to $14,999 | 277,404 | 6.0% | 7.0% |
| $15,000 to $24,999 | 448,564 | 9.6% | 10.5% |
| $25,000 to $34,999 | 404,164 | 8.7% | 9.5% |
| $35,000 to $49,999 | 632,542 | 13.6% | 12.6% |
| $50,000 to $74,999 | 818,679 | 17.6% | 14.3% |
| $75,000 to $99,999 | 483,721 | 10.4% | 8.2% |
| $100,000 or more | 704,506 | 15.1% | 13.9% |
Shares are of the 4,652,719 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 8.0% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Minnesota
| Metric | Minnesota | US Average |
|---|---|---|
| Gini Coefficient | 0.507 | 0.552 |
| Male Median Income | $74,898 | $69,667 |
| Female Median Income | $62,922 | $56,850 |
| Gender Pay Gap | 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 Minnesota, it is 0.507, lower than 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 Minnesota. Over a 35-year career, a 19% wage gap accumulates to roughly $419,160 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Minnesota has narrowed from about 23% to 16% in 2024. In dollar terms, the gap has widened by $352 since 2009.
Employment
| Metric | Minnesota | US Average |
|---|---|---|
| Unemployment Rate | 4.1% | 5.2% |
| Working from Home | 17.6% | 15.0% |
| Commute time (minutes) | 20 | 22 |
Approximately 126,745 people are unemployed in Minnesota.
The average commute time in Minnesota is 20 minutes, shorter than the 22 minutes in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Minnesota has fallen from 6.9% to 4.1% in 2024. Over that period the rate peaked at 7.1% in 2013 and fell as low as 3.6% in 2019.
Minnesota has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. The gap has narrowed from 1.8 points in 2011 to 1.2 points in 2024, the closest it has been.
Minnesota Wealth Compared With Nearby States
Minnesota is the 2nd largest of the 6 states compared here, 5,724,000 residents against a local median of 1,978,686. The measure that sets Minnesota apart most is unemployment: 4.1%, 35% above the local median of 3.0%. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $89,852 against a local median of $76,615, 17% above it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while unemployment runs behind it, so Minnesota is trading one against the other rather than simply out-performing what surrounds it. The states themselves spread 0.9% on unemployment, so Minnesota sits at one end of an already wide local range rather than apart from it. Minnesota has the 6th 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. |
|---|---|---|---|---|---|
| Minnesota | 5,724,000 | $89,852 #1/6 | 4.4%/yr #2/6 | 4.1% #6/6 | 0.507 #4/6 |
| Iowa | 3,204,793 | $75,133 | 4.0%/yr | 3.6% | 0.510 |
| Wisconsin | 5,910,864 | $77,698 | 4.4%/yr | 3.2% | 0.503 |
| South Dakota | 907,403 | $75,087 | 4.6%/yr | 2.9% | 0.504 |
| North Dakota | 784,730 | $76,862 | 3.3%/yr | 2.7% | 0.506 |
| Nebraska | 1,978,686 | $76,615 | 4.3%/yr | 3.0% | 0.515 |
Conclusion
Considering all these factors, Minnesota has an overall wealth index grade of B, making it somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Minnesota.
How Rich Is Minnesota?
Minnesota 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 $89,852, about 12% higher than the US average of $80,455.
Are incomes growing in Minnesota?
Between 2009 and 2024, the median household income in Minnesota rose 57%, from $57,242 to $89,852. Over the same years, income here kept pace with the U.S. as a whole: +57% against +57%.
What was the median household income in Minnesota in 2023?
In 2023, the median household income in Minnesota was $88,324, up 4% from $85,048 in 2022. The US median that year was $78,147.
What was the median household income in Minnesota in 2020?
In 2020, the median household income in Minnesota was $73,568. By 2024 it had risen 22% to $89,852.
Is unemployment high in Minnesota?
Unemployment in Minnesota is only 4.1%, well below the US rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Minnesota?
The Gini coefficient in Minnesota is 0.507. 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 Minnesota?
Since 2009, the income gap between men and women in Minnesota has narrowed from about 23% to 16% in 2024. In dollar terms, the gap has widened by $352 since 2009.
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