County profile
Olmsted County, MN
United States · GDP 2024
#316 of 3,127 US counties by GDP70th-percentile growthmore diversified than 13% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$15.7B
BEA · 2024
GDP growth (YoY)
+6.2%
BEA · 2024
Jobs tracked
107,285
Census CBP · 2023
Employers
3,754
Census CBP · 2023
Avg. wage
$75.8k
BLS QCEW · 2023
Population
166,731
Census PEP · 2025
Labor, income & education
Unemployment
3.8%
Median HH income
$95.4k±$3.0k
Bachelor's degree+
49.4%±1.4%
Poverty rate
7.5%±0.9%
Business applications
1,608 · 2025
Retail establishments
516
31.1/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
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
Professional services44%
Health care24%
Retail trade13%
Food & accommodation10%
Construction4%
Manufacturing4%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
166,731
residents · 2025 · +2.3% since 2020
Income per capita $74.9k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−2,461
International migration+2,875
Natural change+3,203
GDP trend
2019–2024 · nominal
$12.1B2019
$12.1B2020
$12.9B2021
$13.9B2022
$14.8B2023
$15.7B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$331.7k±$5.6k
Median gross rent
$1.4k/mo±$37/mo
Vacancy rate
5.9%±0.8%
Affordability
4.4× wages
Residential permits
$162.7M
542 units · 3.3/1k pop
FEMA risk score
82.3
HUD Fair Market Rent (2BR):$1.4k/mo · 2026
TOP PERILS · FEMA NRI
Cold wave 93Tornado 89Hail 83
FHFA HOUSE PRICE INDEX · 2016–2025
5062016
5462017
5772018
6012019
6212020
6892021
7702022
8032023
8372024
8582025
RESIDENTIAL PERMITS · 2021–2025
↓ -38% since 20218742021
1,4122022
1,0022023
1,2392024
5422025
Transport access
BTS · FAA · USACE
Nearest interstate
6.8 km
I-90
Nearest freight rail
2.0 km
CPKC
Nearest port
51.5 km
DAIRYLAND POWER COOPERATIVE, ALMA POWER PLANT DOCK
Nearest commercial airport
13.2 km
ROCHESTER INTL
Wage trend
BLS QCEW · 2019–2023$75.8k
avg. annual pay · +17% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Olmsted?
Olmsted's economy produced $15.7B in 2024, growing 6.2% year over year — faster than most US counties. Its largest employment sector is professional services.
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.