Official Federal Data
Hennepin County, Minnesota
FIPS 27053 · Minneapolis-St. Paul-Bloomington, MN-WI · Population 1,269,496
9 Sources
Updated June 22, 2026
$97,653 ▲
Median Income
$80,734 national
3.6% ▲
Unemployment
4% national
$193.6B ▲
GDP
54.1% ▲
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
$97,653 ▲
Per Capita
$59,401 ▲
Mean Household
$138,433 ▲
Poverty Rate
10% ▼
Median Income Comparison
Hennepin County$97,653
Minnesota$89,062
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 21.6%
18-34 · 24.4%
35-54 · 26.3%
55-64 · 12.1%
65+ · 15.6%
Race & Ethnicity
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+
94.1%
High School+
National: 89.6%
▲ +4.5 pts
54.1%
Bachelor's+
National: 35.7%
▲ +18.4 pts
20.3%
Graduate+
National: 14.1%
▲ +6.2 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
1,269,496
Population
731,383
Labor Force
Employed
697,474
Unemployment Rate BLS LAUS 2025 annual
3.6% ▲ +0.7 pts YoY
Mean Commute 4 min below national avg
21.9 min
Work From Home vs 15.1% national
25.2%
Key Takeaways
- Income premium: Households earn well above the national median, supporting strong retail and housing markets.
- Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 18.4 pts, supports knowledge-economy and tech attraction.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Health Care and Social Assistance employs 159,835 workers (23% of tracked sectors), at an average wage of $70,197.
- Economic scale: Regional GDP of $193.6B (2024).
- Wage stratification: Finance and Insurance averages $167,531 while Accommodation and Food Services averages $34,007, a 4.9x 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.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Management of Companies & Enterprises Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
49,038
Cluster Employment
3.20x
Peak LQ
Concentrated Sub-Sectors
Air Transportation
4.14x 13,965
Lessors of Nonfinancial Intangible Assets
3.95x 509
Miscellaneous Manufacturing
3.68x 13,226
Management of Companies and Enterprises
3.20x 49,038
Computer and Electronic Product Manufacturing
2.30x 13,501
Printing and Related Support Activities
2.29x 4,639
Securities, Commodity Contracts, Investments
2.27x 14,733
Insurance Carriers and Related Activities
2.01x 30,739
Performing Arts, Spectator Sports, and Related
1.70x 5,782
Machinery Manufacturing
1.62x 10,396
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.04x
Support Activities for Agriculture and Forestry
90 employed
0.06x
Transportation Equipment Manufacturing
583 employed
0.22x
Crop Production
674 employed
0.22x
Wood Product Manufacturing
514 employed
0.24x
Nonmetallic Mineral Product Manufacturing
575 employed
0.26x
Heavy and Civil Engineering Construction
1,820 employed
0.26x
Textile Product Mills
140 employed
Key Takeaways
- Top specialization: Air Transportation concentrates at 4.14x the national norm, strong concentration that anchors the local economy and supports supply-chain attraction strategy.
- 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.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$392,900 ▲
Median Home Value vs 2019
$1,487 ▲
Rent/Mo
62.7% ▲
Owner-Occ
5.6% ▲
Vacancy
4.0x
Home Value to Income Ratio
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$1,242/mo
1 Bedroom
$1,405/mo
2 Bedroom
$1,709/mo
3 Bedroom
$2,262/mo
4 Bedroom
$2,531/mo
30% of monthly median household income (~$2,441/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- In line with national: Home value to income ratio of 4.0x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
- Affordable rent tiers: 4 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,441/mo).
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
797,197 ▼
Working Age (18-64) vs 2019
Mean Commute 4 min below national avg
21.9 min
Work From Home vs 15.1% national
25.2%
Prime-Age Employed (25-54)
87.5%
of prime-age population
▼ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
54.1% ▲
HS Diploma+
94.1% ▲
Regional / Statewide Institutions
Total credentials awarded
49,702/yr
14,847/yr
13,676/yr
12,870/yr
3,728/yr
2,468/yr
2,113/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
19.3%
55-64 of working-age population (18-64)
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
55.9%
Service
12.6%
Sales & Office
17.6%
Construction / Maint.
3.9%
Production / Transport
10.1%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 697,474 employed workers.
Key Takeaways
- Short commutes: 21.9-minute mean commute is a quality-of-life and labor-access advantage worth surfacing for site selectors.
- 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
Hennepin County shows meaningful potential for air transportation attraction, with a 4.14x concentration and 13,965 jobs in this sub-sector.
The interconnected base across air transportation, lessors of nonfinancial intangible assets, and miscellaneous 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
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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 Hennepin County, Minnesota, from federal data sources.
What is the population of Hennepin County, Minnesota?
1,269,496 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Hennepin County, Minnesota?
$97,653 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Hennepin County, Minnesota?
3.6% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Hennepin County, Minnesota?
$193.6B (U.S. Bureau of Economic Analysis, CAGDP1).
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