County profile
Hennepin County, MN
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
BEA · 2024
GDP growth (YoY)
+5.1%
BEA · 2024
Jobs tracked
939,201
Census CBP · 2023
Employers
40,486
Census CBP · 2023
Avg. wage
$87.4k
BLS QCEW · 2023
Population
1,284,784
Census PEP · 2025
Labor, income & education
Unemployment
4.3%
Median HH income
$97.7k±$1.2k
Bachelor's degree+
54.1%±0.6%
Poverty rate
10.0%±0.4%
Business applications
22,561 · 2025
Retail establishments
3,714
29.1/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
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$18.9B72B6General 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$3.7B74B11Northern Oil and Gas, Inc.Energy$2.5B64C12Graco Inc.Industrials$2.2B85A13Deluxe 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$1.2B68B19Inspire Medical Systems, Inc.Healthcare$912.0M78B+20SPS Commerce, Inc.Technology$751.5M83B+21Stratasys Ltd.Technology$551.1M51D22Proto Labs, Inc.Industrials$533.1M73B23SkyWater Technology, Inc.Technology$442.1M62C24Digi 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
$147.3B2019
$144.4B2020
$159.1B2021
$173.0B2022
$184.2B2023
$193.6B2024
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
$1.2B
3,491 units · 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
6372016
6792017
7212018
7502019
7722020
8382021
9242022
9472023
9732024
10022025
RESIDENTIAL PERMITS · 2021–2025
↓ -56% since 20217,9052021
9,4092022
5,6462023
3,9192024
3,4912025
Transport access
BTS · FAA · USACE
Nearest interstate
1.5 km
I-494
Nearest freight rail
1.8 km
Freight rail
Nearest port
15.8 km
AGGREGATE INDUSTRIES, YARD D WHARF
Nearest commercial airport
24.3 km
MINNEAPOLIS-ST PAUL INTL/WOLD-CHAMBERLAIN
Filing activity
SEC EDGAR93 filings from 33 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$87.4k
avg. annual pay · +19% since 2019
Similar US counties
nearest by GDPThe read
What is the GDP of Hennepin?
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.