Places/MN/Carver County, MN
County profile

Carver County, MN

United States · GDP 2024
#550 of 3,127 US counties by GDP65th-percentile growthmore diversified than 89% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$7.6B
BEA · 2024
GDP growth (YoY)
+5.7%
BEA · 2024
Jobs tracked
39,280
Census CBP · 2023
Employers
2,714
Census CBP · 2023
Avg. wage
$66.9k
BLS QCEW · 2023
Population
114,379
Census PEP · 2025
Labor, income & education
Unemployment
4.1%
Median HH income
$125.9k±$3.7k
Bachelor's degree+
50.4%±1.7%
Poverty rate
4.4%±0.6%
Business applications
1,334 · 2025
Retail establishments
227
20.2/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Life Time Group Holdings, Inc.Consumer Cyclical$3.0B66B2Lifecore Biomedical, Inc.Healthcare$75.5M66B3Panbela Therapeutics, Inc.Healthcare$1.4M4Mike Lindell Media, Corp.Communication Services$3.3k

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Manufacturing31%
Health care20%
Retail trade17%
Food & accommodation14%
Professional services10%
Construction9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
114,379
residents · 2025 · +6.6% since 2020
Income per capita $96.1k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration+3,682
International migration+842
Natural change+2,577

GDP trend

20192024 · nominal
$5.7B
2019
$5.5B
2020
$6.2B
2021
$6.9B
2022
$7.2B
2023
$7.6B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$453.6k±$7.4k
Median gross rent
$1.5k/mo±$76/mo
Vacancy rate
2.6%±0.6%
Affordability
6.8× wages
Residential permits
$304.0M
960 units · 8.4/1k pop
FEMA risk score
59.7
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 94Hail 86Tornado 79
FHFA HOUSE PRICE INDEX · 20162025
460
2016
485
2017
510
2018
526
2019
538
2020
589
2021
665
2022
688
2023
706
2024
733
2025
RESIDENTIAL PERMITS · 20212025
-8% since 2021
1,041
2021
1,073
2022
1,083
2023
744
2024
960
2025

Transport access

BTS · FAA · USACE
Nearest interstate
29.4 km
I-494
Nearest freight rail
6.0 km
TCWR
Nearest port
35.1 km
CARGILL WEST, SAVAGE ELEVATOR WHARF
Nearest commercial airport
46.3 km
MINNEAPOLIS-ST PAUL INTL/WOLD-CHAMBERLAIN
Wage trend
BLS QCEW · 20192023
$66.9k
avg. annual pay · +20% since 2019
The read

What is the GDP of Carver?

Carver's economy produced $7.6B in 2024, growing 5.7% year over yearfaster than most US counties. Its largest employment sector is manufacturing.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.