These Are The 10 Richest Cities In Minnesota For 2018


These are the people in the Gopher State that are blinging the most this year.

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Rogers, Victoria, Shorewood: These cities aren’t just some of the best places to live in Minnesota. They are also home to some of the richest people in the North Star State.

Rogers in particular houses the richest residents in the state thanks, in part, to a median household income of $109,023 and a ridiculously low poverty rate of 2.0%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Minnesota share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 144 places in Minnesota with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in Minnesota for 2018:

  1. Rogers (Photos | Homes For Sale)
  2. Victoria (Photos | Homes For Sale)
  3. Shorewood (Photos | Homes For Sale)
  4. Otsego (Homes For Sale)
  5. Minnetrista (Photos | Homes For Sale)
  6. Chanhassen (Photos | Homes For Sale)
  7. Waconia (Photos | Homes For Sale)
  8. Albertville (Photos | Homes For Sale)
  9. Farmington (Photos | Homes For Sale)
  10. Byron (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Minnesota.

Rich people not your cup of tea? Feel free to check out the best places to live in Minnesota or the poorest.

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How We Determined The Richest Places In Minnesota For 2018

The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don’t believe that one statistic wholly encompasses what it means to be one of the ‘richest places’. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 144 places with more than 5,000 people in Minnesota, we ranked each place from 1 to 144 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a ‘Rich Score’ with the place having the lowest overall Rich Score, Rogers, crowned the ‘Richest Place In Minnesota For 2018’.

You can learn more about the top ten below or skip to the end to see the rankings for all 144 places.

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1. Rogers

Rogers, Minnesota

Population: 12,284
Median Income: $109,023
Unemployment Rate: 1.7%
Poverty Rate: 2.0%
More on Rogers: Homes For Sale | Data
Rogers is a city in Hennepin County, Minnesota, United States. The population was 8,597 at the 2010 census. However, the population increased to over 11,000 upon the annexing of surrounding Hassan Township in 2012. The population of Hassan Township was 2,600 in 2010, giving the current city a population base of 11,197 as of the census. The center of population of Minnesota is located in Rogers . The city is a northwest suburb of the Minneapolis–Saint Paul metropolitan area.

2. Victoria

Victoria, Minnesota

Population: 8,385
Median Income: $132,431
Unemployment Rate: 2.1%
Poverty Rate: 2.4%
More on Victoria: Homes For Sale | Data
Victoria is a city in Carver County, Minnesota, United States. The population was 7,345 at the 2010 census.

3. Shorewood

Shorewood, Minnesota

Population: 7,548
Median Income: $123,629
Unemployment Rate: 2.9%
Poverty Rate: 2.9%
More on Shorewood: Homes For Sale | Data

4. Otsego


Population: 15,065
Median Income: $89,556
Unemployment Rate: 2.0%
Poverty Rate: 1.8%
More on Otsego: Homes For Sale | Data
Otsego is a city in Wright County, Minnesota, United States. The population was 13,571 at the 2010 census.

5. Minnetrista

Minnetrista, Minnesota

Population: 6,963
Median Income: $143,191
Unemployment Rate: 2.2%
Poverty Rate: 4.6%
More on Minnetrista: Homes For Sale | Data

6. Chanhassen

Chanhassen, Minnesota

Population: 24,796
Median Income: $115,449
Unemployment Rate: 3.1%
Poverty Rate: 3.5%
More on Chanhassen: Homes For Sale | Data
Chanhassen is a city in Carver and Hennepin counties in the state of Minnesota. It is southwest of Minneapolis. The population was 22,952 at the 2010 census.

7. Waconia

Waconia, Minnesota

Population: 11,523
Median Income: $87,394
Unemployment Rate: 2.8%
Poverty Rate: 1.8%
More on Waconia: Homes For Sale | Data
Waconia (/wkoni/ w-KOHN-ee-), a city in Carver County, Minnesota, United States. The city’s population is 11,480 as of 2013.

8. Albertville

Albertville, Minnesota

Population: 7,286
Median Income: $93,045
Unemployment Rate: 3.1%
Poverty Rate: 2.0%
More on Albertville: Homes For Sale | Data

9. Farmington

Farmington, Minnesota

Population: 22,226
Median Income: $86,447
Unemployment Rate: 2.4%
Poverty Rate: 2.8%
More on Farmington: Homes For Sale | Data
Farmington is a city in Dakota County, Minnesota, United States. The population was 21,086 at the 2010 census. It is a part of the Minneapolis-St. Paul metropolitan area.

10. Byron

Byron, Minnesota

Population: 5,191
Median Income: $82,109
Unemployment Rate: 1.9%
Poverty Rate: 3.0%
More on Byron: Homes For Sale | Data
Byron is a city in Olmsted County, Minnesota, United States, approximately 5 miles west of Rochester on U.S. Route 14. It is surrounded by Kalmar Township. The population was 4,914 at the 2010 census.

There You Have It – The Wealthiest Places In Minnesota For 2018

Like we said earlier, when we set out to identify the richest places in Minnesota, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Minnesota.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you’re curious enough, here are the poorest cities in Minnesota, according to data:

Poorest: International Falls
2nd Poorest: Bemidji
3rd Poorest: Virginia

For more Minnesota reading , check out:

  • 10 Best Places To Live In Minnesota
  • 10 Safest Places In Minnesota
  • 10 Most Dangerous Cities In Minnesota
  • Detailed List Of The Richest Cities In Minnesota

    City Rank Median Income
    Rogers 1 $109,023
    Victoria 2 $132,431
    Shorewood 3 $123,629
    Otsego 4 $89,556
    Minnetrista 5 $143,191
    Chanhassen 6 $115,449
    Waconia 7 $87,394
    Albertville 8 $93,045
    Farmington 9 $86,447
    Byron 10 $82,109
    Hugo 11 $86,789
    Eden Prairie 12 $101,094
    Lakeville 13 $98,864
    Medina 14 $137,692
    Corcoran 15 $101,659
    Kasson 16 $68,199
    St. Michael 17 $97,000
    Andover 18 $100,358
    Woodbury 19 $101,922
    Shoreview 20 $81,353
    Savage 21 $97,584
    Ramsey 22 $88,286
    Plymouth 23 $88,378
    Sartell 24 $71,959
    Champlin 25 $84,042
    Lino Lakes 26 $105,934
    Oak Grove 27 $85,446
    Maple Grove 28 $96,410
    Chaska 29 $76,673
    Edina 30 $91,847
    Lake Elmo 31 $96,944
    Delano 32 $78,114
    Prior Lake 33 $101,128
    Mendota Heights 34 $100,903
    Rosemount 35 $92,939
    Jordan 36 $66,818
    Vadnais Heights 37 $72,673
    Stillwater 38 $79,293
    East Bethel 39 $90,134
    Cottage Grove 40 $85,516
    Minnetonka 41 $83,496
    Wyoming 42 $84,712
    Mahtomedi 43 $95,679
    Orono 44 $119,393
    Ham Lake 45 $93,900
    Apple Valley 46 $83,450
    Dayton 47 $78,477
    Hermantown 48 $66,386
    Elk River 49 $83,585
    St. Anthony 50 $64,504
    Blaine 51 $79,915
    New Prague 52 $72,052
    Isanti 53 $64,592
    Stewartville 54 $53,701
    Eagan 55 $82,855
    Oakdale 56 $67,991
    Baxter 57 $61,085
    White Bear Lake 58 $63,916
    Arden Hills 59 $91,875
    Forest Lake 60 $73,091
    New Ulm 61 $52,244
    St. Louis Park 62 $68,451
    Mound 63 $78,920
    Hutchinson 64 $52,864
    Shakopee 65 $79,648
    Bloomington 66 $67,473
    Belle Plaine 67 $74,635
    Lake City 68 $51,287
    Golden Valley 69 $81,919
    Crystal 70 $60,494
    Monticello 71 $67,752
    Big Lake 72 $65,131
    Montevideo 73 $47,049
    Thief River Falls 74 $42,734
    North Mankato 75 $58,207
    Zimmerman 76 $64,531
    Litchfield 77 $53,279
    East Grand Forks 78 $54,463
    St. Francis 79 $73,211
    Falcon Heights 80 $75,167
    Northfield 81 $60,235
    North Branch 82 $69,419
    Moorhead 83 $55,343
    Hastings 84 $62,155
    Roseville 85 $63,022
    Inver Grove Heights 86 $69,893
    Coon Rapids 87 $66,313
    New Brighton 88 $66,003
    Rochester 89 $65,195
    Burnsville 90 $66,225
    St. Paul Park 91 $68,586
    Owatonna 92 $56,014
    Grand Rapids 93 $39,389
    Fairmont 94 $47,567
    St. Peter 95 $54,071
    Brooklyn Park 96 $65,695
    Maplewood 97 $63,367
    New Hope 98 $50,000
    Redwood Falls 99 $45,760
    St. Joseph 100 $50,572

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    2 thoughts on “These Are The 10 Richest Cities In Minnesota For 2018

    1. If the numbers are compiled from statistics collected during 2012-2016, how does this translate to the wealthiest population of 2018?

      1. It’s the most recent data available. 2017 data won’t be available until December 2018, at which point we update it again.

        Any thoughts on how else to determine the wealthiest populations at the current time? No other data source except for home values is ever reported at the town/city level in a timely manner and even that’s proprietary to most real estate firms.

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