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
$391 billion
in economic output in goods and services
The real estate industry is responsible for the largest share of Minnesota's economic output.
3.01 million
jobs in Minnesota
After a sharp drop during the COVID-19 pandemic, Minnesota now has a record-high number of jobs.
$85,100
is the median household income in Minnesota
But American Indian and Black households have median incomes well below those of other racial and ethnic groups.
More than 1 in 11 Minnesotans live below poverty
American Indian and Black Minnesotans have poverty rates well above the statewide average.
9
%
Key measures
1 of 4
Economic insights
