10 Richest Cities In Minnesota For 2019


We analyzed 146 places in Minnesota to determine where the 1% live.

Editor’s Note: Data has been updated for 2019. This is our fifth time ranking the richest cities in Minnesota.

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Rogers, Victoria, Otsego: 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 $120,602 and a ridiculously low poverty rate of 1.8%.

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 2013-2017 American Community Survey for the 146 places in Minnesota with more than 5,000 people.

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 some more reading about Minnesota:

The 10 Richest Cities In Minnesota For 2019

Rogers, MN

Overall SnackAbility

7
/10

Population: 12,564
Rank Last Year: 1 (No Change)
Median Income: $120,602
Unemployment Rate: 2.1%
Poverty Rate: 1.8%
More on Rogers: Real Estate | Data | Photos

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¬ĖSaint Paul metropolitan area.

Victoria, MN

Overall SnackAbility

6
/10

Population: 8,679
Rank Last Year: 2 (No Change)
Median Income: $140,889
Unemployment Rate: 2.2%
Poverty Rate: 2.7%
More on Victoria: Real Estate | Data | Photos

Victoria is a city in Carver County, Minnesota, United States. The population was 7,345 at the 2010 census.

Overall SnackAbility

6
/10

Population: 15,630
Rank Last Year: 3 (No Change)
Median Income: $99,037
Unemployment Rate: 1.9%
Poverty Rate: 1.6%
More on Otsego: Real Estate | Data

Otsego is a city in Wright County, Minnesota, United States. The population was 13,571 at the 2010 census.

Albertville, MN

Overall SnackAbility

6
/10

Population: 7,303
Rank Last Year: 8 (Up 4)
Median Income: $87,974
Unemployment Rate: 1.6%
Poverty Rate: 0.6%
More on Albertville: Real Estate | Data | Photos

Waconia, MN

Overall SnackAbility

6
/10

Population: 11,751
Rank Last Year: 7 (Up 2)
Median Income: $89,297
Unemployment Rate: 1.6%
Poverty Rate: 1.8%
More on Waconia: Real Estate | Data | Photos

Waconia (/wkoni/ w-KOHN-ee-), a city in Carver County, Minnesota, United States. The city’s population is 11,480 as of 2013.

Byron, MN

Overall SnackAbility

6
/10

Population: 5,272
Rank Last Year: 10 (Up 4)
Median Income: $90,486
Unemployment Rate: 1.0%
Poverty Rate: 3.7%
More on Byron: Real Estate | Data | Photos

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.

Chanhassen, MN

Overall SnackAbility

7
/10

Population: 25,108
Rank Last Year: 6 (Down 1)
Median Income: $116,569
Unemployment Rate: 2.7%
Poverty Rate: 4.0%
More on Chanhassen: Real Estate | Data | Photos

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.

Ramsey, MN

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 25,853
Rank Last Year: 22 (Up 15)
Median Income: $92,984
Unemployment Rate: 2.5%
Poverty Rate: 2.8%
More on Ramsey: Real Estate | Data | Photos

Ramsey is a city in Anoka County, Minnesota, United States. The population was 23,668 at the 2010 census. It is a northern suburb of the Twin Cities.

Andover, MN

Source: Public domain
Overall SnackAbility

6
/10

Population: 32,257
Rank Last Year: 18 (Up 9)
Median Income: $105,270
Unemployment Rate: 2.9%
Poverty Rate: 3.0%
More on Andover: Real Estate | Data | Photos

Andover is a city in Anoka County, Minnesota, United States. The population was 30,598 at the 2010 census.

Farmington, MN

Overall SnackAbility

6
/10

Population: 22,502
Rank Last Year: 9 (Down 1)
Median Income: $88,674
Unemployment Rate: 2.2%
Poverty Rate: 2.6%
More on Farmington: Real Estate | Data | Photos

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.

How We Determined The Richest Places In Minnesota For 2019

Map Of The Richest Places To Live 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 2013-2017 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 146 places with more than 5,000 people in Minnesota, we ranked each place from 1 to 146 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 City In Minnesota For 2019”.

You can learn more about the top ten below or skip to the end to see the rankings for all 146 places.

There You Have It – The Wealthiest Places In Minnesota For 2019

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

For more Minnesota reading, check out:

How Is The Area In ?

Detailed List Of The Richest Cities In Minnesota

Rank City RichScore Median Income
1 Rogers 9.17 $120,602
2 Victoria 9.5 $140,889
3 Otsego 12.0 $99,037
4 Albertville 14.33 $87,974
5 Waconia 14.5 $89,297
6 Byron 15.83 $90,486
7 Chanhassen 19.17 $116,569
8 Ramsey 19.17 $92,984
9 Andover 19.33 $105,270
10 Farmington 19.83 $88,674
11 Medina 21.17 $138,125
12 Hugo 23.0 $88,813
13 Shorewood 23.83 $127,361
14 Lakeville 24.83 $102,943
15 Kasson 25.0 $71,098
16 Woodbury 25.5 $103,308
17 Lino Lakes 26.17 $107,438
18 Minnetrista 26.83 $148,783
19 Eden Prairie 27.17 $103,426
20 Rosemount 27.83 $94,341
21 Oak Grove 29.17 $97,782
22 Maple Grove 32.67 $101,859
23 Chaska 32.67 $81,938
24 Corcoran 34.0 $102,708
25 Edina 34.17 $96,477
26 Champlin 34.83 $89,043
27 Sartell 34.83 $74,391
28 Plymouth 35.0 $91,867
29 Savage 35.0 $101,899
30 St. Michael 35.33 $102,862
31 Shoreview 35.33 $84,362
32 Dayton 37.33 $87,966
33 Prior Lake 39.67 $100,190
34 Vadnais Heights 41.17 $77,855
35 Mendota Heights 42.33 $107,865
36 Hermantown 42.83 $70,082
37 Ham Lake 43.17 $95,962
38 Stillwater 45.33 $82,205
39 Minnetonka 46.0 $86,672
40 Orono 46.0 $130,300
41 Lake Elmo 46.0 $101,528
42 Cottage Grove 46.17 $90,337
43 Wyoming 47.33 $85,250
44 Apple Valley 48.17 $85,181
45 East Bethel 48.17 $86,893
46 Mahtomedi 48.83 $95,592
47 Blaine 51.67 $80,423
48 New Prague 53.67 $75,593
49 Isanti 54.0 $70,129
50 St. Anthony 56.33 $67,910
51 Big Lake 56.83 $72,543
52 Forest Lake 57.17 $74,475
53 Zimmerman 58.5 $73,167
54 Baxter 59.0 $64,286
55 Delano 59.0 $74,046
56 St. Louis Park 59.5 $71,346
57 New Ulm 61.0 $55,876
58 Eagan 61.0 $84,756
59 Jordan 61.33 $66,194
60 White Bear Lake 61.5 $66,662
61 Hutchinson 61.67 $55,705
62 Shakopee 62.0 $84,400
63 Elk River 63.5 $85,974
64 Arden Hills 64.67 $89,831
65 Stewartville 65.67 $55,759
66 La Crescent 65.83 $55,952
67 Mound 66.33 $82,010
68 North Branch 67.33 $73,932
69 Golden Valley 68.33 $87,964
70 Bloomington 70.5 $70,512
71 Belle Plaine 72.5 $75,903
72 Oakdale 73.0 $69,525
73 Litchfield 76.0 $52,857
74 Chisago City 78.17 $71,875
75 Monticello 79.0 $66,478
76 Montevideo 79.17 $50,625
77 Roseville 80.0 $67,242
78 Coon Rapids 81.33 $68,586
79 St. Francis 81.67 $77,935
80 Hastings 82.67 $66,403
81 Thief River Falls 83.0 $43,946
82 Moorhead 83.83 $56,516
83 Inver Grove Heights 84.67 $73,296
84 Mounds View 84.83 $60,184
85 Grand Rapids 85.33 $44,514
86 Northfield 85.5 $62,032
87 Crystal 86.0 $62,831
88 Lake City 86.0 $53,300
89 Waseca 88.17 $46,083
90 Buffalo 88.5 $66,910
91 Alexandria 90.5 $46,009
92 Falcon Heights 90.67 $68,654
93 Burnsville 91.0 $67,397
94 Rochester 91.5 $68,574
95 New Brighton 91.5 $68,775
96 St. Paul Park 91.83 $70,231
97 Cambridge 92.0 $48,995
98 St. Peter 92.0 $53,768
99 Maplewood 92.67 $63,941
100 Redwood Falls 93.5 $47,020

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

2 thoughts on “10 Richest Cities In Minnesota For 2019

  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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