ExecutivePulse
Official Federal Data

Goodhue County, Minnesota

FIPS 27049 · Red Wing, MN · Population 47,943
9 Sources Updated June 22, 2026
$84,171
Median Income
$80,734 national
3.9%
Unemployment
4% national
$3.9B
GDP
27.9%
Bachelor's+
35.7% national

Demographics & Population

Census Bureau American Community Survey 2020-2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$84,171
Per Capita
$43,250
Mean Household
$102,161
Poverty Rate
9.3%
Median Income Comparison
Goodhue County$84,171
Minnesota$89,062
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 20.6% (9,872 residents) 55-64: 14.9% (7,166 residents) 35-54: 24.3% (11,671 residents) 18-34: 18.2% (8,720 residents) Under 18: 21.9% (10,514 residents) 42 Median Age
Cohorts
Under 18 · 21.9%
18-34 · 18.2%
35-54 · 24.3%
55-64 · 14.9%
65+ · 20.6%
Race & Ethnicity
White89.6%
Black or African American1.6%
Asian0.7%
Hispanic or Latino(any race)4.1%
Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
93.4%
High School+
National: 89.6%
▲ +3.8 pts
27.9%
Bachelor's+
National: 35.7%
▼ 7.8 pts
8.6%
Graduate+
National: 14.1%
▼ 5.5 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
47,943
Population
24,948
Labor Force
Employed
24,055
Unemployment Rate BLS LAUS 2025 annual
3.9% ▲ +0.7 pts YoY
Mean Commute 3 min below national avg
23.8 min
Work From Home vs 15.1% national
10.7%
Key Takeaways
  • Talent gap: Bachelor's-or-higher attainment trails the national average by 7.8 pts, relevant for advanced-services attraction strategy.
  • Aging population: Median age of 42 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$3.9B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Goodhue County, Minnesota, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Manufacturing
4,757 31.2%
$72,594
2Health Care and Social Assistance
2,778 18.2%
$60,019
3Retail Trade
2,259 14.8%
$36,293
4Accommodation and Food Services
1,846 12.1%
$25,192
5Construction
987 6.5%
$89,613
6Wholesale Trade
710 4.7%
$80,629
7Other Services (except Public Administration)
633 4.2%
$42,347
8Administrative and Support and Waste Management
497 3.3%
$64,325
9Professional, Scientific, and Technical Services
445 2.9%
$76,896
10Finance and Insurance
341 2.2%
$70,726
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Key Takeaways
  • Largest sector: Manufacturing employs 4,757 workers (31.2% of tracked sectors), at an average wage of $72,594.
  • Economic scale: Regional GDP of $3.9B (2024).
  • Wage stratification: Construction averages $89,613 while Accommodation and Food Services averages $25,192, a 3.6x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Animal Production and Aquaculture
6.17x
233
Plastics and Rubber Products Manufacturing
4.72x
463
Nonmetallic Mineral Product Manufacturing
4.04x
234
Food Manufacturing
3.81x
947
Gasoline Stations and Fuel Dealers
2.70x
396
Nursing and Residential Care Facilities
2.52x
1,207
Computer and Electronic Product Manufacturing
2.13x
298
1.93x
6,117
Building Material and Garden Supply Retailers
1.87x
358
Miscellaneous Manufacturing
1.79x
153

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Goods-Producing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
6,117
Cluster Employment
1.93x
Peak LQ
Concentrated Sub-Sectors
Animal Production and Aquaculture
6.17x 233
Plastics and Rubber Products Manufacturing
4.72x 463
Nonmetallic Mineral Product Manufacturing
4.04x 234
Food Manufacturing
3.81x 947
Gasoline Stations and Fuel Dealers
2.70x 396
Nursing and Residential Care Facilities
2.52x 1,207
Computer and Electronic Product Manufacturing
2.13x 298
1.93x 6,117
Building Material and Garden Supply Retailers
1.87x 358
Miscellaneous Manufacturing
1.79x 153

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.16x
Educational Services
73 employed
0.30x
Insurance Carriers and Related Activities
108 employed
0.30x
Professional, Scientific, and Technical Services
445 employed
Key Takeaways
  • Top specialization: Animal Production and Aquaculture concentrates at 6.17x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
  • Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Goodhue County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$285,100
Median Home Value vs 2019
$966
Rent/Mo
78.8%
Owner-Occ
6.8%
Vacancy
3.4x
Home Value to Income Ratio
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$755/mo
1 Bedroom
$901/mo
2 Bedroom
$1,095/mo
3 Bedroom
$1,523/mo
4 Bedroom
$1,837/mo
30% of monthly median household income (~$2,104/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • In line with national: Home value to income ratio of 3.4x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
  • High home ownership: 78.8% owner-occupied; rental supply may be tight for incoming workers.
  • Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,104/mo), a clear cost-of-living advantage for workforce attraction.
Source: Census ACS housing tables + HUD Fair Market Rents.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
27,557
Working Age (18-64) vs 2019
Mean Commute 3 min below national avg
23.8 min
Work From Home vs 15.1% national
10.7%
Prime-Age Employed (25-54)
86.6%
of prime-age population
Labor force participation rate: 66.7% of working-age population (18-64) 67% Participation
▼ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
27.9%
HS Diploma+
93.4%
Regional / Statewide Institutions
Total credentials awarded
49,702/yr
Capella University 14,847/yr
University of Minnesota-Twin Cities 13,676/yr
Walden University 12,870/yr
Minnesota State University-Mankato 3,728/yr
University of Minnesota-Duluth 2,468/yr
Century College 2,113/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
26%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
36.2%
Service
16.6%
Sales & Office
17.2%
Construction / Maint.
13.2%
Production / Transport
16.9%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 24,055 employed workers.
Key Takeaways
  • Succession risk is real: 26% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
  • Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 41,393 annual credentials.
Source: ACS workforce data and College Scorecard.

AI Insights

AI-assisted analysis, drawn from 9 federal data sources

Sample AI Insight

Goodhue County shows strong potential for animal production and aquaculture attraction, with a 6.17x concentration and 233 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 26% of the working-age population within 10 years of retirement age.

The interconnected base across animal production and aquaculture, plastics and rubber products manufacturing, and nonmetallic mineral product manufacturing creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100

Prospect Match Scores

Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example

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Data Sources

Updated from official federal government data.

Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23

Frequently Asked Questions

Key economic and demographic figures for Goodhue County, Minnesota, from federal data sources.

What is the population of Goodhue County, Minnesota?

47,943 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Goodhue County, Minnesota?

$84,171 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Goodhue County, Minnesota?

3.9% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Goodhue County, Minnesota?

$3.9B (U.S. Bureau of Economic Analysis, CAGDP1).