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 2026. This list is our eleventh 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 2026
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 2026
1. North Oaks
/10
Population: 5,179
Median Income: $231,742
Median Home Values: $936,794
More on North Oaks: Data | Cost Of Living | Movers
2. Deephaven
/10
3. Orono
/10
Population: 8,195
Median Income: $173,527
Median Home Values: $1,113,974
More on Orono: Data | Crime | Cost Of Living | Movers
4. Medina
/10
Population: 6,968
Median Income: $230,859
Median Home Values: $832,021
More on Medina: Data | Crime | Cost Of Living | Movers
5. Independence
/10
Population: 3,694
Median Income: $186,597
Median Home Values: $797,889
More on Independence: Data | Movers
6. Shorewood
/10
Population: 7,647
Median Income: $171,063
Median Home Values: $804,464
More on Shorewood: Data | Cost Of Living | Movers
7. Victoria
/10
Population: 11,295
Median Income: $195,639
Median Home Values: $608,561
More on Victoria: Data | Cost Of Living | Movers
8. Minnetrista
/10
Population: 8,708
Median Income: $163,051
Median Home Values: $684,704
More on Minnetrista: Data | Crime | Cost Of Living | Movers
9. Grant
/10
Population: 3,950
Median Income: $150,875
Median Home Values: $713,725
More on Grant: Data | Movers
10. Lake Elmo
/10
Population: 13,140
Median Income: $153,669
Median Home Values: $618,480
More on Lake Elmo: Data | Cost Of Living | Movers
Methodology: How We Determined The Richest Places In Minnesota For 2026
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 2020-2024 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 2026.”
The data has been updated for 2026. This is our eleventh 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 2026
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, Deephaven, Orono, Medina, Independence, Shorewood, Victoria, Minnetrista, Grant, and Lake Elmo.
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: Chisholm
2nd Poorest: Virginia
3rd Poorest: Eveleth
For more Minnesota reading, check out:
- Best Places To Live In Minnesota
- Most Dangerous Cities In Minnesota
- Cheapest Places To Live In Minnesota
Detailed List Of The Richest Cities In Minnesota
| Rank | City | RichScore | Median Income | Average Home Price |
|---|---|---|---|---|
| 1 | North Oaks | 2.0 | $231,742 | $936,794 |
| 2 | Deephaven | 2.5 | $197,679 | $1,062,991 |
| 3 | Orono | 3.5 | $173,527 | $1,113,974 |
| 4 | Medina | 3.5 | $230,859 | $832,021 |
| 5 | Independence | 6.0 | $186,597 | $797,889 |
| 6 | Shorewood | 6.5 | $171,063 | $804,464 |
| 7 | Victoria | 8.0 | $195,639 | $608,561 |
| 8 | Minnetrista | 8.5 | $163,051 | $684,704 |
| 9 | Grant | 11.0 | $150,875 | $713,725 |
| 10 | Lake Elmo | 11.0 | $153,669 | $618,480 |
| 11 | Chanhassen | 16.0 | $143,651 | $548,742 |
| 12 | Wayzata | 16.0 | $131,614 | $913,297 |
| 13 | Dayton | 16.5 | $148,947 | $509,218 |
| 14 | Nowthen | 16.5 | $160,417 | $484,261 |
| 15 | Corcoran | 18.5 | $133,423 | $601,129 |
| 16 | Carver | 18.5 | $147,697 | $493,732 |
| 17 | Mendota Heights | 19.5 | $132,768 | $562,136 |
| 18 | Prior Lake | 19.5 | $134,255 | $525,577 |
| 19 | Plymouth | 20.0 | $136,534 | $508,712 |
| 20 | Rogers | 21.0 | $158,750 | $458,982 |
| 21 | Lakeville | 21.0 | $139,041 | $487,882 |
| 22 | Elko New Market | 21.0 | $152,150 | $472,661 |
| 23 | Edina | 21.5 | $128,767 | $615,641 |
| 24 | Hanover | 24.0 | $156,536 | $444,056 |
| 25 | Eden Prairie | 25.0 | $130,489 | $501,362 |
| 26 | Arden Hills | 25.5 | $134,118 | $477,165 |
| 27 | Andover | 30.5 | $137,593 | $435,598 |
| 28 | Mahtomedi | 33.0 | $123,319 | $478,624 |
| 29 | Ham Lake | 33.0 | $120,135 | $492,263 |
| 30 | Lino Lakes | 34.0 | $127,181 | $447,709 |
| 31 | Columbus | 35.0 | $123,194 | $471,094 |
| 32 | Woodbury | 35.0 | $125,310 | $457,355 |
| 33 | Minnetonka | 35.5 | $119,517 | $483,591 |
| 34 | Rosemount | 37.5 | $129,625 | $432,777 |
| 35 | Maple Grove | 37.5 | $132,731 | $424,802 |
| 36 | St. Michael | 38.0 | $131,274 | $426,651 |
| 37 | Bayport | 38.5 | $125,893 | $434,118 |
| 38 | Oak Grove | 39.0 | $117,696 | $462,896 |
| 39 | Chaska | 39.5 | $110,956 | $479,348 |
| 40 | Savage | 40.5 | $125,513 | $427,462 |
| 41 | Scandia | 42.0 | $101,953 | $540,659 |
| 42 | Waconia | 42.5 | $111,031 | $458,547 |
| 43 | Jordan | 46.5 | $110,057 | $437,126 |
| 44 | St. Augusta | 46.5 | $140,227 | $376,073 |
| 45 | Hugo | 47.0 | $116,228 | $432,375 |
| 46 | Golden Valley | 47.5 | $108,772 | $437,256 |
| 47 | Otsego | 47.5 | $119,927 | $418,193 |
| 48 | Delano | 48.0 | $109,946 | $435,729 |
| 49 | Farmington | 48.5 | $123,673 | $400,170 |
| 50 | Byron | 48.5 | $124,010 | $398,896 |
| 51 | Stillwater | 50.0 | $105,853 | $445,501 |
| 52 | Albertville | 51.0 | $132,734 | $375,309 |
| 53 | Centerville | 51.0 | $122,541 | $397,125 |
| 54 | Cottage Grove | 52.5 | $120,791 | $396,380 |
| 55 | East Bethel | 53.5 | $110,000 | $414,303 |
| 56 | Chisago City | 54.5 | $102,197 | $435,543 |
| 57 | Shoreview | 57.0 | $108,370 | $410,992 |
| 58 | Ramsey | 58.0 | $116,415 | $381,242 |
| 59 | Eagan | 58.5 | $108,690 | $401,217 |
| 60 | Shakopee | 59.5 | $107,223 | $403,598 |
| 61 | Elk River | 61.0 | $108,741 | $391,288 |
| 62 | Wyoming | 63.0 | $107,565 | $387,740 |
| 63 | Big Lake | 65.0 | $120,549 | $368,167 |
| 64 | Stacy | 65.5 | $98,464 | $410,191 |
| 65 | Champlin | 66.5 | $116,102 | $370,691 |
| 66 | Falcon Heights | 67.0 | $96,528 | $412,531 |
| 67 | Blaine | 68.0 | $106,801 | $378,016 |
| 68 | Forest Lake | 69.5 | $92,944 | $421,551 |
| 69 | St. Louis Park | 70.0 | $101,648 | $379,370 |
| 70 | St. Anthony | 70.5 | $97,363 | $396,788 |
| 71 | Lindstrom | 71.5 | $98,226 | $387,082 |
| 72 | Hermantown | 72.0 | $90,849 | $416,549 |
| 73 | Pine Island | 72.5 | $104,432 | $374,739 |
| 74 | Watertown | 76.0 | $99,671 | $374,889 |
| 75 | Apple Valley | 76.0 | $97,673 | $376,121 |
| 76 | Inver Grove Heights | 76.0 | $101,316 | $374,323 |
| 77 | St. Francis | 78.0 | $111,198 | $346,284 |
| 78 | Hastings | 79.0 | $93,998 | $378,759 |
| 79 | Vadnais Heights | 79.5 | $98,685 | $370,284 |
| 80 | New Brighton | 85.0 | $88,521 | $380,079 |
| 81 | Lonsdale | 86.0 | $95,176 | $367,004 |
| 82 | Belle Plaine | 87.0 | $99,315 | $350,699 |
| 83 | Mound | 89.5 | $86,675 | $378,826 |
| 84 | Northfield | 90.0 | $84,895 | $385,011 |
| 85 | Bloomington | 90.5 | $93,211 | $361,589 |
| 86 | Buffalo | 91.0 | $88,820 | $373,016 |
| 87 | Rockford | 91.5 | $94,162 | $351,340 |
| 88 | Oakdale | 91.5 | $93,772 | $353,330 |
| 89 | New Prague | 92.5 | $94,539 | $350,350 |
| 90 | Roseville | 92.5 | $86,930 | $374,911 |
| 91 | Becker | 93.0 | $86,094 | $375,294 |
| 92 | Eagle Lake | 95.0 | $96,964 | $341,523 |
| 93 | Burnsville | 96.0 | $87,024 | $368,611 |
| 94 | St. Charles | 97.5 | $96,200 | $339,328 |
| 95 | North Branch | 99.0 | $90,456 | $349,509 |
| 96 | Maplewood | 99.5 | $91,394 | $342,804 |
| 97 | Montrose | 99.5 | $102,625 | $317,714 |
| 98 | Brooklyn Park | 101.0 | $89,891 | $347,072 |
| 99 | Mounds View | 104.0 | $90,009 | $341,297 |
| 100 | La Crescent | 104.0 | $85,368 | $352,202 |