Minnesota is well-known for its thousands of lakes, harsh winters, and a variety of other attractions, including spam, the Mall of America, and its status as a key Midwest hub.
In addition to its delicious Scandinavian cuisine, the state is home to a large number of wealthy individuals. But, in terms of wealth, where do Minnesota counties rank within the state? Which Minnesota counties are on top of the list? Let’s look at the seven wealthiest counties in Minnesota.
7. Sherburne County
Sherburne County has a variety of economic forces, but its closeness to the Twin Cities is what drives the county’s median income and median home prices higher. Most people go in and out of the county to larger cities.
The median property price in the county is $364,000, while the median income is $92,000. Notable citizens of the county include former Secretary of State Mary Kiffmeyer, scientist Mary K. Noble, and politician Mark Douglas Olson.
6. Wright County
Wright County’s key economic drivers are healthcare, retail, and manufacturing. Several significant corporations in the county provide jobs. In terms of wealth, the county’s median home price is $360,000, while the median income is $94,000.
American football coach Swede Larson, politician Walter Hudson, and pilot Rhea Woltman are among the noteworthy persons who have lived or continue to live in the county.
5. Dakota County
The county has expanded significantly in recent years as the Twin Cities have flourished. The county has evolved into a suburban bedroom community for inhabitants who travel to work in larger cities.
The county’s median home price is $377,000, while the median income is $93,000. Former legislators Ignatius Donnelly and Harold Stassen, as well as Minnesota’s first governor, Henry Hastings Sibley, have all resided or continue to live in the county.
4. Hennepin County
The county is part of Minneapolis and partly suburban, which means it is home to a large number of corporations, both private and public. People commute both within and outside of the county to the Twin Cities.
In terms of wealth, the county’s median home price is $373,000, while the median income is $85,000. The county’s prominent residents include game designer Dave Arneson, journalist Cyndy Brucato, and politician Linda Higgins.
3. Washington County
Because of its proximity to St. Paul, Washington County has historically operated as a suburb of the city. Its economy is primarily agricultural, with a few corporations scattered around.
When it comes to wealth, the median home price is $421,000, while the median income is $102,000. Seann William Scott, Alex Neuberger, and singer Justin Pierre are among those who have lived or continue to live in Washington County.
2. Scott County
Because the Shakopee-Mdewakanton Indian Reservation is located in the county, the tribe has generated a lot of money with its hotels and multiple casinos. This, in turn, has boosted the economy for both the tribe and the county. Scott County is also part of the Minneapolis-Saint Paul metropolitan region.
When it comes to wealth, the median house price is $422,000. Tribal residents of the Shakopee-Mdewakanton Indian Reservation have lived here for millennia.
1. Carver County
Farms and other similar businesses drive the majority of Carver County’s economy. There are other manufacturing enterprises in Carver County. However, Carver County is part of the Minneapolis-St. Paul metropolitan area, which means there is a lot of commuting.
When it comes to wealth, the county’s median home price is $445,000, while the median income is $107,000. Among the noteworthy inhabitants who have lived or continue to live in the county are singer Prince and conjoined twins Abigal and Brittany Hensel.