Maintaining a high quality of life depends on a strong economy that provides opportunities for employment, a skilled and competitive workforce, and business investment. We track data on economic output (GDP), jobs, median income, and poverty to better understand the strength of Minnesota’s economy and whether the fruits of the economy are improving the well-being of its residents.

How Minnesotans are faring

Economy

$341 billion

in economic output in goods and services

Our state has seen 10 straight years of growth in economic output following the Great Recession. The manufacturing sector is responsible for the largest share of Minnesota's economic output.

2.78 million

jobs in Minnesota

After nine years of steady annual increases in jobs, Minnesota lost nearly 7% of its jobs during the COVID-19 pandemic.

$74,600

is the median household income

But median household incomes among American Indian and Black households are statistically lower than median income of households of all other races and ethnicities that we track on Minnesota Compass. Median income is $41,600 among Black-headed households and $40,100 among American Indian households.

Nearly 1 in 10 Minnesotans live below poverty

At 9%, Minnesota's poverty rate is the lowest the state has seen since before the Great Recession.
9 %