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Economic Atlas
Places/MN/Hennepin
County profile

Hennepin

United States · GDP 2024
#18 of 3,127 US counties by GDP59th-percentile growthmore diversified than 99% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$193.6B
GDP growth
+5.1%
Jobs tracked
939,201
Employers
40,486
Avg. wage
$87.4k
Population
1,284,784
Labor & formation
Unemployment
4.0%
Median HH income
$97.7k±$1.2k
Business applications
22,561 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1UnitedHealth Group IncorporatedHealthcare$447.6B80B+2Target CorporationConsumer Defensive$104.8B81B+3Best Buy Co., Inc.Consumer Cyclical$41.7B75B+4U.S. BancorpFinancial Services$28.7B66B5Ameriprise Financial, Inc.Financial Services$18.9B73B6General Mills, Inc.Consumer Defensive$18.4B67B7C.H. Robinson Worldwide, Inc.Industrials$16.2B73B8Xcel Energy Inc.Utilities$11.5B67B9The Toro CompanyIndustrials$4.5B78B+10Donaldson Company, Inc.Industrials$3.7B73B11Northern Oil and Gas, Inc.Energy$2.5B63C12Graco Inc.Industrials$2.2B84B+13Deluxe CorporationCommunication Services$2.1B79B+14Piper Sandler CompaniesFinancial Services$1.8B80B+15Bluestem Group Inc.Consumer Cyclical$1.8B——16Apogee Enterprises, Inc.Basic Materials$1.4B76B+17Bio-Techne CorporationHealthcare$1.2B85A18Tennant CompanyIndustrials$1.2B67B19Inspire Medical Systems, Inc.Healthcare$912.0M78B+20SPS Commerce, Inc.Technology$751.5M83B+21Stratasys Ltd.Technology$551.1M51D22Proto Labs, Inc.Industrials$533.1M72B23SkyWater Technology, Inc.Technology$442.1M61C24Digi International Inc.Technology$430.2M78B+25Christopher & Banks CorporationConsumer Cyclical$348.9M——

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
Health care27%
Management17%
Professional services15%
Finance & insurance14%
Manufacturing14%
Retail trade13%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
1,284,784
residents · 2025 · +0.2% since 2020
Income per capita $100.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−53,601
International migration+35,641
Natural change+21,648

GDP trend

2019–2024 · nominal
$147.3B
2019
$144.4B
2020
$159.1B
2021
$173.0B
2022
$184.2B
2023
$193.6B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$392.9k±$2.3k
Median gross rent
$1.5k/mo±$14/mo
Vacancy rate
5.6%±0.3%
Affordability
4.5× wages
Residential permits
3,491 (2.7/1k pop)
FEMA risk score
98.3
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Cold wave 100Tornado 100Hail 100
FHFA HOUSE PRICE INDEX · 2016–2025
637
2016
679
2017
721
2018
750
2019
772
2020
838
2021
924
2022
947
2023
973
2024
1002
2025
Filing activity
SEC EDGAR

223 filings from 48 companies here in the last 90 days.

8-KSUI Group Holdings Limited07-09
DEF 14ANuwellis, Inc.07-07
10-KElectronic Servitor Publication Network, Inc.07-06
8-KTwo Harbors Investment Corp.07-06
10-KGeneral Mills, Inc.07-01
8-KOneMedNet Corporation07-01
8-KGeneral Mills, Inc.07-01
8-KApogee Enterprises, Inc.07-01
10-QApogee Enterprises, Inc.06-30
10-KPetVivo Holdings, Inc.06-29
Wage trend
BLS QCEW · 2019–2023
$87.4k
avg. annual pay · +19% since 2019
Similar US counties
nearest by GDP
Clark$195.9BSuffolk$190.8BMecklenburg$186.1BTravis$202.7BDistrict of Columbia$184.3BAlameda$182.5B
The read

Hennepin's economy produced $193.6B in 2024, growing 5.1% year over year — about the middle of the pack among US counties. Its largest employment sector is health care.

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.
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