The 10 Richest Cities In Minnesota For 2022


We analyzed 146 places in Minnesota to determine where the 1% live.

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Minnesota is the Land of 10,000 Lakes, The Mall of America, and some super rich places that cater to the state’s wealthy.

And lucky for you, HomeSnacks is 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 2022. Incidentally, this is our ninth time ranking the top ten richest places for every state in the country, so believe us when we say that 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.

But, we’re here to talk about the richest places in the state. And to do that, we need to tell you how we identified Minnesota’s top ten. First, we looked at the latest Census data from the American Community Survey for 147 Minnesota cities with more than 5,000 residents. And, folks, the population numbers in Minnesota’s richest places tell us that these places are definitely catering to the state’s one percent in both population numbers and wealth.

Secondly, we looked at things that REALLY matter to the rich. Like, high paying jobs and low poverty. Yes, if you’re Minnesota rich, you can buy season passes to watch The Minnesota Vikings in Minneapolis and/or a second home on Lake Bemidji.

So want to know where the Dom Perignon flows like the Mississippi River in Minnesota? Keep reading.

Here are the 10 richest places in Minnesota for 2022:

  1. North Oaks
  2. Rogers
  3. Corcoran
  4. Byron
  5. Medina
  6. Andover
  7. Otsego
  8. Chanhassen
  9. Oak Grove
  10. Orono

There might not be a Beverly Hills or a bunch of boulevards in Minnesota, but the state has its fair share of super fancy places; and if you think that you want to get your hands on one of these, you’re going to need a high paying job. Well, the state is home to the Target Corporation, 17 Fortune 500 companies, and the highest paying jobs are in healthcare and postsecondary education. We’re pretty sure you won’t have a problem getting a job that makes some money.

So, where is the richest place in Minnesota? According to the data, that would be North Oaks.

To see a list of the rest of Minnesota’s richest places hit that down arrow. And if you don’t find what you’re looking for there, head to the bottom.

Rich people not your cup of tea? Feel free to check out some more reading about Minnesota:

The 10 Richest Cities In Minnesota For 2022

1. North Oaks

North Oaks, MN

Overall SnackAbility

7
/10

Population: 5,244
Rank Last Year: 1 (No Change)
Median Income: $210,370
Unemployment Rate: 0.6%
Poverty Rate: 2.5%
More on North Oaks: Real Estate | Photos

2. Rogers

Rogers, MN

Overall SnackAbility

6
/10

Population: 13,183
Rank Last Year: 10 (Up 8)
Median Income: $133,988
Unemployment Rate: 1.2%
Poverty Rate: 2.0%
More on Rogers: Real Estate | Photos

3. Corcoran

Corcoran, MN

Overall SnackAbility

6
/10

Population: 6,113
Rank Last Year: 3 (No Change)
Median Income: $138,848
Unemployment Rate: 1.7%
Poverty Rate: 2.1%
More on Corcoran: Real Estate | Photos

4. Byron

Byron, MN

Overall SnackAbility

7
/10

Population: 5,536
Rank Last Year: 4 (No Change)
Median Income: $104,213
Unemployment Rate: 0.0%
Poverty Rate: 0.9%
More on Byron: Real Estate | Photos

5. Medina

Medina, MN

Overall SnackAbility

6
/10

Population: 6,549
Rank Last Year: 7 (Up 2)
Median Income: $156,563
Unemployment Rate: 1.5%
Poverty Rate: 3.3%
More on Medina: Real Estate

6. Andover

Andover, MN

Source: Public domain
Overall SnackAbility

6
/10

Population: 33,019
Rank Last Year: 14 (Up 8)
Median Income: $112,967
Unemployment Rate: 1.7%
Poverty Rate: 2.9%
More on Andover: Real Estate | Photos

7. Otsego

Overall SnackAbility

6
/10

Population: 17,429
Rank Last Year: 5 (Down 2)
Median Income: $110,833
Unemployment Rate: 2.1%
Poverty Rate: 0.8%
More on Otsego: Real Estate

8. Chanhassen

Chanhassen, MN

Overall SnackAbility

7.5
/10

Population: 25,965
Rank Last Year: 8 (No Change)
Median Income: $124,184
Unemployment Rate: 2.4%
Poverty Rate: 2.9%
More on Chanhassen: Real Estate | Photos

9. Oak Grove

Oak Grove, MN

Source: Public domain
Overall SnackAbility

5
/10

Population: 8,819
Rank Last Year: 15 (Up 6)
Median Income: $107,112
Unemployment Rate: 2.2%
Poverty Rate: 2.1%
More on Oak Grove: Real Estate | Photos

10. Orono

Orono, MN

Overall SnackAbility

6
/10

Population: 8,217
Rank Last Year: 22 (Up 12)
Median Income: $169,557
Unemployment Rate: 1.9%
Poverty Rate: 4.8%
More on Orono: Real Estate | Photos

Methodology: How We Determined The Richest Places In Minnesota For 2022

Map Of The Richest Places To Live In Minnesota
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify 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 2016-2020 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 147 places with more than 5,000 people in Minnesota, we ranked each place from 1 to 147 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 2022”. You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 147 places.

Summary: The Wealthiest Places In Minnesota For 2022

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.

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: St. Cloud
3rd Poorest: Little Falls

For more Minnesota reading, check out:

Detailed List Of The Richest Cities In Minnesota

Rank City RichScore Median Income
1 North Oaks 6.0 $210,370
2 Rogers 8.67 $133,988
3 Corcoran 10.67 $138,848
4 Byron 11.5 $104,213
5 Medina 13.33 $156,563
6 Andover 16.33 $112,967
7 Otsego 17.0 $110,833
8 Chanhassen 23.67 $124,184
9 Oak Grove 23.67 $107,112
10 Orono 24.67 $169,557
11 Lake Elmo 25.67 $145,433
12 Mendota Heights 25.67 $119,347
13 Delano 26.0 $101,845
14 Waconia 26.33 $100,583
15 Plymouth 27.33 $112,631
16 Lakeville 29.0 $112,020
17 Albertville 30.0 $73,913
18 Hugo 30.33 $92,032
19 Ham Lake 30.33 $99,736
20 Maple Grove 30.67 $113,793
21 St. Michael 30.67 $109,487
22 Lino Lakes 30.67 $107,647
23 Prior Lake 31.33 $108,481
24 Minnetonka 32.0 $100,363
25 Kasson 32.33 $78,353
26 Carver 33.0 $109,589
27 Chaska 33.33 $90,161
28 Belle Plaine 33.33 $86,422
29 Dayton 33.67 $112,557
30 Farmington 34.33 $95,326
31 Big Lake 34.67 $88,569
32 Cottage Grove 34.67 $102,600
33 Stillwater 35.33 $91,947
34 Rosemount 36.0 $110,573
35 Mahtomedi 36.67 $112,105
36 Eden Prairie 39.33 $115,227
37 Victoria 40.33 $166,477
38 Elk River 43.67 $87,755
39 Stewartville 44.0 $78,312
40 Woodbury 45.33 $108,055
41 St. Paul Park 45.67 $84,167
42 Golden Valley 45.67 $97,783
43 Edina 46.0 $108,576
44 Hermantown 46.67 $80,500
45 Champlin 47.33 $96,469
46 East Bethel 47.33 $90,809
47 Hastings 48.0 $75,026
48 Wyoming 48.33 $88,876
49 Ramsey 48.33 $97,779
50 Mound 48.33 $75,542
51 Zimmerman 48.67 $74,891
52 New Prague 49.0 $81,837
53 Shorewood 51.67 $146,029
54 St. Louis Park 52.67 $84,694
55 Shoreview 53.67 $97,633
56 Apple Valley 55.67 $90,162
57 St. Anthony 59.0 $85,469
58 Glencoe 59.33 $60,609
59 La Crescent 59.5 $59,406
60 Baxter 60.67 $69,725
61 Savage 61.33 $116,895
62 Shakopee 62.0 $90,642
63 Blaine 66.0 $86,796
64 Spring Lake Park 69.0 $71,958
65 Arden Hills 69.33 $105,664
66 Eagan 70.33 $93,332
67 St. Francis 70.33 $85,607
68 Inver Grove Heights 73.0 $83,155
69 Isanti 73.67 $73,580
70 North Mankato 73.67 $71,023
71 Chisago City 75.0 $81,852
72 North Branch 75.0 $85,213
73 Sartell 75.33 $69,577
74 Cambridge 75.67 $58,021
75 New Ulm 76.67 $58,839
76 Litchfield 76.67 $51,352
77 Forest Lake 77.0 $84,436
78 Coon Rapids 78.0 $76,169
79 Monticello 79.0 $71,399
80 Jordan 80.0 $89,125
81 Minnetrista 80.33 $144,188
82 Bloomington 81.0 $78,224
83 Crystal 81.67 $70,724
84 Vadnais Heights 82.0 $81,643
85 Roseville 82.67 $74,571
86 Burnsville 85.33 $76,017
87 Rochester 86.33 $76,034
88 Robbinsdale 87.0 $73,510
89 Sauk Rapids 87.0 $53,511
90 Owatonna 87.67 $66,037
91 Brooklyn Park 87.67 $73,207
92 Morris 88.33 $58,628
93 New Brighton 89.33 $75,099
94 White Bear Lake 89.67 $70,981
95 Oakdale 90.0 $74,303
96 Alexandria 91.33 $54,572
97 Little Canada 93.0 $55,893
98 St. Peter 93.33 $54,455
99 Maplewood 95.0 $72,959
100 North St. Paul 95.67 $67,595

How Is The Area In ?

Editor’s Note: Data has been updated for 2022. This is our ninth time ranking the richest cities in Minnesota.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.