Minnesota is the Land of 10,000 Lakes, The Mall of America, and some super-rich places that cater to the state’s wealthy.
We’re here to tell you where you can live the Minnesota dream in one of the top ten richest places in the North Star State for 2025. This list is our tenth time ranking Minnesota’s top ten richest places. The Minnesota places that made this list house the state’s creme de la creme.
The state is, after all, one of the richest states in the country.
To identify these cities, we used Saturday Night Science to analyze the latest Census and Zillow data on incomes and home prices. We limited the analysis to the 208 Minnesota cities with more than 3,000 residents.
If you’re Minnesota rich, you can buy season passes to watch The Minnesota Vikings in Minneapolis and a second home on Lake Bemidji.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Richest Places In Minnesota For 2025
Where is the richest place in Minnesota? According to the data, North Oaks is the richest place in Minnesota.
To live anywhere on the list, you’ll need a high-paying job. The state is home to the Target Corporation, 17 Fortune 500 companies, and the highest paying jobs are in healthcare and postsecondary education.
Want to know where the Dom Perignon flows like the Mississippi River in Minnesota? Keep reading.
Rich people not your cup of tea? Feel free to check out some more reading about Minnesota:
The 10 Richest Cities In Minnesota For 2025
1. North Oaks
/10
Population: 5,175
Median Income: $235,858
Median Home Values: $920,104
More on North Oaks: Data | Cost Of Living
2. Orono
/10
Population: 8,205
Median Income: $181,875
Median Home Values: $1,101,902
More on Orono: Data | Crime | Cost Of Living
3. Medina
/10
Population: 6,858
Median Income: $219,181
Median Home Values: $804,658
More on Medina: Data | Crime | Cost Of Living
4. Deephaven
/10
5. Independence
/10
Population: 3,695
Median Income: $194,205
Median Home Values: $771,078
More on Independence: Data
6. Shorewood
/10
Population: 7,679
Median Income: $172,325
Median Home Values: $782,451
More on Shorewood: Data | Cost Of Living
7. Victoria
/10
Population: 10,972
Median Income: $192,821
Median Home Values: $597,132
More on Victoria: Data | Cost Of Living
8. Minnetrista
/10
Population: 8,509
Median Income: $156,346
Median Home Values: $669,716
More on Minnetrista: Data | Crime | Cost Of Living
9. Lake Elmo
/10
Population: 12,504
Median Income: $153,407
Median Home Values: $616,814
More on Lake Elmo: Data | Cost Of Living
10. Grant
/10
Population: 3,959
Median Income: $145,357
Median Home Values: $720,178
More on Grant: Data
Methodology: How We Determined The Richest Places In Minnesota For 2025
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places.” So we looked at this set of criteria from the newly released 2019-2023 American Community Survey and applied Saturday Night Science:
- Median Home Values
- Median Household Income
Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”
After we collected the data for all 208 places with more than 3,000 people in Minnesota, we ranked each place from 1 to 208 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score,” with the place having the lowest overall Rich Score, North Oaks, crowned the “Richest City In Minnesota For 2025.”
The data has been updated for 2025. This is our tenth time ranking the wealthiest cities in Minnesota.
You can skip to the end to see the rankings for all 208 places.
Summary: The Wealthiest Places In Minnesota For 2025
Like we said earlier, when we set out to identify the richest places in Minnesota, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Minnesota.
The richest cities in Minnesota are North Oaks, Orono, Medina, Deephaven, Independence, Shorewood, Victoria, Minnetrista, Lake Elmo, and Grant.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Minnesota, according to data:
Poorest: Virginia
2nd Poorest: Eveleth
3rd Poorest: Chisholm
For more Minnesota reading, check out:
Detailed List Of The Richest Cities In Minnesota
| Rank | City | RichScore | Median Income | Average Home Price |
|---|---|---|---|---|
| 1 | North Oaks | 2.0 | $235,858 | $920,104 |
| 2 | Orono | 3.0 | $181,875 | $1,101,902 |
| 3 | Medina | 3.5 | $219,181 | $804,658 |
| 4 | Deephaven | 4.0 | $175,441 | $1,026,162 |
| 5 | Independence | 5.0 | $194,205 | $771,078 |
| 6 | Shorewood | 6.5 | $172,325 | $782,451 |
| 7 | Victoria | 8.5 | $192,821 | $597,132 |
| 8 | Minnetrista | 9.0 | $156,346 | $669,716 |
| 9 | Lake Elmo | 10.0 | $153,407 | $616,814 |
| 10 | Grant | 10.5 | $145,357 | $720,178 |
| 11 | Corcoran | 13.5 | $143,250 | $597,739 |
| 12 | Chanhassen | 16.0 | $138,034 | $541,338 |
| 13 | Mendota Heights | 17.5 | $132,935 | $549,808 |
| 14 | Dayton | 18.0 | $137,383 | $505,592 |
| 15 | Carver | 18.5 | $144,408 | $490,437 |
| 16 | Edina | 19.0 | $129,225 | $604,054 |
| 17 | Wayzata | 19.0 | $125,344 | $899,717 |
| 18 | Nowthen | 19.5 | $134,491 | $496,373 |
| 19 | Plymouth | 19.5 | $133,865 | $499,169 |
| 20 | Rogers | 20.0 | $159,638 | $455,858 |
| 21 | Lakeville | 20.0 | $138,119 | $482,896 |
| 22 | Elko New Market | 20.5 | $147,381 | $466,910 |
| 23 | Prior Lake | 21.0 | $130,278 | $524,569 |
| 24 | Hanover | 23.5 | $147,944 | $441,329 |
| 25 | Mahtomedi | 24.5 | $132,326 | $470,614 |
| 26 | Eden Prairie | 25.0 | $127,732 | $493,008 |
| 27 | Arden Hills | 29.0 | $128,668 | $464,308 |
| 28 | Andover | 31.5 | $131,528 | $433,897 |
| 29 | Minnetonka | 32.0 | $120,496 | $474,565 |
| 30 | Ham Lake | 33.0 | $116,845 | $492,622 |
| 31 | Woodbury | 33.0 | $126,222 | $452,121 |
| 32 | St. Michael | 34.0 | $130,814 | $426,402 |
| 33 | Columbus | 34.5 | $117,917 | $473,640 |
| 34 | Lino Lakes | 35.5 | $121,800 | $446,138 |
| 35 | Rosemount | 36.0 | $127,247 | $428,405 |
| 36 | Oak Grove | 38.0 | $114,679 | $468,026 |
| 37 | Maple Grove | 38.0 | $129,481 | $418,383 |
| 38 | Otsego | 40.0 | $127,219 | $420,170 |
| 39 | Savage | 40.5 | $122,646 | $425,678 |
| 40 | Scandia | 41.0 | $100,179 | $533,693 |
| 41 | Delano | 41.5 | $118,091 | $433,577 |
| 42 | Chaska | 43.5 | $110,000 | $463,738 |
| 43 | Bayport | 46.5 | $115,781 | $423,903 |
| 44 | Jordan | 47.0 | $110,139 | $436,310 |
| 45 | Waconia | 47.0 | $104,929 | $450,883 |
| 46 | Hugo | 47.0 | $114,057 | $426,485 |
| 47 | Golden Valley | 47.5 | $114,435 | $426,168 |
| 48 | Centerville | 47.5 | $119,361 | $402,074 |
| 49 | Stillwater | 48.0 | $109,297 | $438,935 |
| 50 | Byron | 48.5 | $121,681 | $393,102 |
| 51 | Farmington | 50.0 | $118,556 | $395,981 |
| 52 | Cottage Grove | 50.5 | $121,452 | $389,799 |
| 53 | East Bethel | 50.5 | $114,583 | $409,181 |
| 54 | Albertville | 51.5 | $126,307 | $375,909 |
| 55 | Shakopee | 55.0 | $110,989 | $400,581 |
| 56 | Shoreview | 55.5 | $109,399 | $402,119 |
| 57 | Chisago City | 56.0 | $96,964 | $439,871 |
| 58 | St. Augusta | 56.5 | $116,384 | $380,453 |
| 59 | Eagan | 58.5 | $107,486 | $396,967 |
| 60 | Ramsey | 60.0 | $112,060 | $382,727 |
| 61 | Wyoming | 64.5 | $101,938 | $386,958 |
| 62 | Elk River | 65.0 | $99,457 | $390,403 |
| 63 | Hermantown | 65.5 | $92,026 | $421,260 |
| 64 | Blaine | 65.5 | $103,382 | $376,281 |
| 65 | Champlin | 66.0 | $115,719 | $366,019 |
| 66 | Lindstrom | 66.0 | $99,844 | $388,209 |
| 67 | Falcon Heights | 66.5 | $93,233 | $403,492 |
| 68 | Big Lake | 68.0 | $113,333 | $366,486 |
| 69 | St. Anthony | 68.5 | $97,784 | $388,348 |
| 70 | St. Louis Park | 69.5 | $100,250 | $373,781 |
| 71 | Inver Grove Heights | 70.0 | $104,055 | $372,395 |
| 72 | Apple Valley | 72.0 | $99,277 | $373,652 |
| 73 | Forest Lake | 72.5 | $89,879 | $416,042 |
| 74 | Northfield | 72.5 | $92,000 | $391,021 |
| 75 | Pine Island | 78.5 | $91,612 | $376,151 |
| 76 | St. Francis | 80.0 | $101,875 | $348,836 |
| 77 | Mound | 80.5 | $91,370 | $374,550 |
| 78 | Watertown | 81.0 | $93,008 | $370,432 |
| 79 | Lonsdale | 82.0 | $91,719 | $372,445 |
| 80 | Becker | 82.0 | $90,188 | $374,838 |
| 81 | New Prague | 83.5 | $98,424 | $352,122 |
| 82 | Vadnais Heights | 86.5 | $91,946 | $360,710 |
| 83 | Belle Plaine | 87.0 | $96,831 | $348,057 |
| 84 | St. Charles | 88.5 | $96,544 | $347,652 |
| 85 | Buffalo | 89.0 | $88,306 | $372,246 |
| 86 | New Brighton | 89.0 | $87,272 | $372,663 |
| 87 | Eagle Lake | 90.0 | $97,161 | $339,271 |
| 88 | Bloomington | 90.0 | $90,677 | $358,282 |
| 89 | North Branch | 91.5 | $90,383 | $353,500 |
| 90 | Roseville | 92.0 | $88,440 | $364,576 |
| 91 | Oakdale | 96.5 | $90,379 | $346,374 |
| 92 | Hastings | 96.5 | $92,940 | $335,279 |
| 93 | Zumbrota | 97.5 | $96,818 | $326,380 |
| 94 | Burnsville | 98.5 | $83,953 | $365,961 |
| 95 | Montrose | 100.0 | $98,832 | $318,354 |
| 96 | Brooklyn Park | 103.0 | $85,964 | $347,273 |
| 97 | Maplewood | 103.0 | $88,534 | $337,443 |
| 98 | Mounds View | 103.5 | $90,148 | $333,177 |
| 99 | La Crescent | 103.5 | $82,109 | $353,391 |
| 100 | St. Paul Park | 103.5 | $98,670 | $310,249 |