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

$326 billion

in economic output in goods and services

Minnesota's economic output fell in 2020, after a decade of growth. The manufacturing industry is responsible for the largest share of Minnesota's economic output.

2.84 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 American Indian and Black households have median incomes well below those of other racial and ethnic groups.  

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 %