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.

How We Determined The Richest Places In Minnesota For 2018

Map Of The Richest Cities In Minnesota
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.

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 Cheapest Places To Live In Minnesota
  • 10 Safest Places In Minnesota
  • 10 Worst Places To Live In Minnesota
  • Detailed List Of The Richest Cities In Minnesota

    Rank City RichScore Median Income
    1 Rogers 5.33 $109,023
    2 Victoria 6.67 $132,431
    3 Shorewood 11.83 $123,629
    4 Otsego 11.83 $89,556
    5 Minnetrista 13.67 $143,191
    6 Chanhassen 16.0 $115,449
    7 Waconia 16.67 $87,394
    8 Albertville 18.0 $93,045
    9 Farmington 18.17 $86,447
    10 Byron 19.67 $82,109
    11 Hugo 21.17 $86,789
    12 Eden Prairie 23.33 $101,094
    13 Lakeville 23.5 $98,864
    14 Medina 24.5 $137,692
    15 Corcoran 24.83 $101,659
    16 Kasson 25.17 $68,199
    17 St. Michael 27.17 $97,000
    18 Andover 27.83 $100,358
    19 Woodbury 28.17 $101,922
    20 Shoreview 28.83 $81,353
    21 Savage 29.33 $97,584
    22 Ramsey 31.0 $88,286
    23 Plymouth 31.33 $88,378
    24 Sartell 31.67 $71,959
    25 Champlin 32.5 $84,042
    26 Lino Lakes 33.0 $105,934
    27 Oak Grove 33.67 $85,446
    28 Maple Grove 34.5 $96,410
    29 Chaska 35.0 $76,673
    30 Edina 35.0 $91,847
    31 Lake Elmo 35.17 $96,944
    32 Delano 35.17 $78,114
    33 Prior Lake 35.33 $101,128
    34 Mendota Heights 37.0 $100,903
    35 Rosemount 39.5 $92,939
    36 Jordan 39.83 $66,818
    37 Vadnais Heights 42.5 $72,673
    38 Stillwater 44.33 $79,293
    39 East Bethel 45.17 $90,134
    40 Cottage Grove 45.83 $85,516
    41 Minnetonka 46.0 $83,496
    42 Wyoming 46.67 $84,712
    43 Mahtomedi 46.83 $95,679
    44 Orono 47.33 $119,393
    45 Ham Lake 48.5 $93,900
    46 Apple Valley 48.83 $83,450
    47 Dayton 49.17 $78,477
    48 Hermantown 49.5 $66,386
    49 Elk River 50.83 $83,585
    50 St. Anthony 52.83 $64,504
    51 Blaine 54.17 $79,915
    52 New Prague 54.33 $72,052
    53 Isanti 54.83 $64,592
    54 Stewartville 59.67 $53,701
    55 Eagan 59.67 $82,855
    56 Oakdale 60.17 $67,991
    57 Baxter 60.17 $61,085
    58 White Bear Lake 60.67 $63,916
    59 Arden Hills 61.67 $91,875
    60 Forest Lake 61.67 $73,091
    61 New Ulm 63.0 $52,244
    62 St. Louis Park 64.17 $68,451
    63 Mound 64.33 $78,920
    64 Hutchinson 65.5 $52,864
    65 Shakopee 70.33 $79,648
    66 Bloomington 71.0 $67,473
    67 Belle Plaine 71.5 $74,635
    68 Lake City 73.0 $51,287
    69 Golden Valley 73.17 $81,919
    70 Crystal 74.17 $60,494
    71 Monticello 74.5 $67,752
    72 Big Lake 75.0 $65,131
    73 Montevideo 75.5 $47,049
    74 Thief River Falls 76.33 $42,734
    75 North Mankato 76.83 $58,207
    76 Zimmerman 76.83 $64,531
    77 Litchfield 78.17 $53,279
    78 East Grand Forks 78.67 $54,463
    79 St. Francis 79.33 $73,211
    80 Falcon Heights 79.83 $75,167
    81 Northfield 80.5 $60,235
    82 North Branch 81.0 $69,419
    83 Moorhead 81.17 $55,343
    84 Hastings 82.0 $62,155
    85 Roseville 83.0 $63,022
    86 Inver Grove Heights 83.17 $69,893
    87 Coon Rapids 84.0 $66,313
    88 New Brighton 84.33 $66,003
    89 Rochester 84.33 $65,195
    90 Burnsville 84.67 $66,225
    91 St. Paul Park 85.0 $68,586
    92 Owatonna 85.83 $56,014
    93 Grand Rapids 88.0 $39,389
    94 Fairmont 89.5 $47,567
    95 St. Peter 90.5 $54,071
    96 Brooklyn Park 93.83 $65,695
    97 Maplewood 94.17 $63,367
    98 New Hope 94.67 $50,000
    99 Redwood Falls 94.83 $45,760
    100 St. Joseph 95.0 $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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