Hennepin County, Minnesota
Income Data
At a Glance
How Hennepin County Compares
Detailed Income Statistics
Data Story
About Household Income in Hennepin County, Minnesota
Hennepin leads national income rankings
Hennepin County's median household income of $96,339 towers 28.8% above the U.S. median of $74,755. This $21,584 advantage reflects the county's status as Minnesota's economic powerhouse, anchored by Minneapolis.
Hennepin dominates Minnesota's income ladder
At $96,339, Hennepin County earns 27.2% more than Minnesota's state average of $75,757, ranking among the state's top-earning counties. Its per capita income of $57,633 also significantly outpaces the state average of $39,335.
Hennepin earnings tower over region
Hennepin's $96,339 median income exceeds Goodhue County ($82,749) by $13,590 and Grant County ($72,957) by $23,382. The county's $376,500 median home value reflects premium urban and suburban markets that attract high-earning households.
High earners face elevated housing costs
Despite high incomes, Hennepin's rent-to-income ratio of 17.9% exceeds the recommended 15% threshold, signaling that housing absorbs more of household budgets here. The median home at $376,500 requires roughly 3.9 years of gross income—substantially higher than surrounding counties.
Hennepin wealth-builders look beyond housing
With median incomes of $96,339, Hennepin households earn enough to invest aggressively in retirement, education, and diversified portfolios despite housing costs. High earners here should prioritize tax-advantaged accounts like 401(k)s and IRAs to maximize wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.