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AREA INFORMATION

Minnesota (State)

Explore the real estate in Minnesota (State)

Area Highlights

Minnesota (State) residents have a median age of 39.8 years old, with employment highest in the administrative support and sales industries.

5,770,097 Population

The population has increased by 17.3% since the year 2000.

2,271,998 Households

The annual residential turnover is 14% in this area.

$73,984 /yr
Median Household Income

$291,400
Median Home Sale Price

21m Median Commute Time

Most people in this area drive to work.

Area Map

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

39.8 Median Age
4 /5
Educational Climate Score
Factors include income, educational achievement, and the occupations of residents. This may not reflect the nature of an individual school.

42.7%

Married
This location’s average annual expenditures compared to the national average. Index score (100=National Average)

Community Population By Education

High School Graduate 25%
Bachelors Degree 24%
Some College 21%
Graduate Degree 12%
Associates Degree 12%
Some High School 4%
Less than 9th Grade 3%
Of the 3,910,416 people surveyed, the most prevalent educational attainment level is High School Graduate by 966,085 people, representing 25% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
28.5% of households have children

Economics

$73,984 /yr
Median Household Income
63.8%
increase in household
income since the year 2000.
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

There are 2,271,998 households in this area. The largest income group of $75-100k is made out of 323,971 households.

Transportation to Work

  • Drive 86%
  • Walk or Bike 5%
  • Work from Home 5%
  • Public Transit 4%

Occupancy by Type

Owned 1,659,992 66%
Rented 612,006 24%
Vacant 248,142 10%

White vs Blue Collar Jobs







White Collar 62%
Blue Collar 38%

Employment

Employees by Industry

  • Agriculture 5,265
  • Mining 101,195
  • Manufacturing 186,169
  • Transportation 165,915
  • Sales 331,227
  • Finance 105,446
  • Personal Care 91,197
  • Food Service 161,243
  • Education 161,491
  • Engineering 44,925

Employees by Occupation

  • Agriculture 5,265
  • Management 169,700
  • Construction 101,195
  • Protective Services 34,034
  • Transportation 165,915
  • Labor 23,357
  • Education 161,491
  • Food Service 161,243
  • Computer 53,876
  • Arts 47,803
  • Legal 18,303

Demographics

Community Population By Age

The median age for this area is 39.8 years old. There are 432,798 people aged 15-19. 397,103 aged 20-24 and 397,073 aged 60-64.

Community Population By Ethnicity

White 4,859,120 82%
Black 329,632 6%
Hispanic 286,884 5%
Asian 256,403 4%
Other 102,552 2%
Native American 57,185 <1%
Hawaiian 2,163 <1%
Of the 5,893,939 people surveyed, the most prevalent ethnicity is White at 82%, followed by Black at 6%, Hispanic at 5%, and Asian at 4%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Listings in the Area

5 beds • 4 baths • 3,448 sqft

1929 Arcadia Street Plan: The Whitney
Shakopee, MN 55379

4 beds • 3 baths • 1 half baths • 3,084 sqft

1929 Arcadia Street Plan: The Redwood
Shakopee, MN 55379

5 beds • 2 baths • 1 half baths • 3,003 sqft

1929 Arcadia Street Plan: The Jordan
Shakopee, MN 55379

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Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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