The 10 Richest Cities In Minnesota For 2023


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 2023. Incidentally, this is our tenth 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 149 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 2023:

  1. Rogers
  2. North Oaks
  3. Medina
  4. Otsego
  5. Corcoran
  6. Prior Lake
  7. Mahtomedi
  8. Dayton
  9. Andover
  10. Mendota Heights

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 Rogers.

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 2023

1. Rogers

Rogers, MN

Overall SnackAbility

6
/10

Population: 13,182
Rank Last Year: 2 (Up 1)
Median Income: $137,031
Unemployment Rate: 1.7%
Poverty Rate: 1.9%
More on Rogers: Real Estate | Photos

2. North Oaks

North Oaks, MN

Overall SnackAbility

7
/10

Population: 5,204
Rank Last Year: 1 (Down 1)
Median Income: $220,861
Unemployment Rate: 1.7%
Poverty Rate: 2.9%
More on North Oaks: Real Estate | Photos

3. Medina

Medina, MN

Overall SnackAbility

7
/10

Population: 6,654
Rank Last Year: 5 (Up 2)
Median Income: $187,031
Unemployment Rate: 1.5%
Poverty Rate: 3.6%
More on Medina: Real Estate

4. Otsego

Overall SnackAbility

6
/10

Population: 19,565
Rank Last Year: 7 (Up 3)
Median Income: $114,087
Unemployment Rate: 1.5%
Poverty Rate: 0.9%
More on Otsego: Real Estate

5. Corcoran

Corcoran, MN

Overall SnackAbility

6
/10

Population: 6,317
Rank Last Year: 3 (Down 2)
Median Income: $145,897
Unemployment Rate: 1.5%
Poverty Rate: 3.8%
More on Corcoran: Real Estate | Photos

6. Prior Lake

Prior Lake, MN

Overall SnackAbility

9
/10

Population: 27,242
Rank Last Year: 23 (Up 17)
Median Income: $115,837
Unemployment Rate: 2.0%
Poverty Rate: 2.2%
More on Prior Lake: Real Estate | Photos

7. Mahtomedi

Mahtomedi, MN

Overall SnackAbility

7
/10

Population: 8,041
Rank Last Year: 35 (Up 28)
Median Income: $124,276
Unemployment Rate: 2.3%
Poverty Rate: 3.3%
More on Mahtomedi: Real Estate | Photos

8. Dayton

Dayton, MN

Source: Public domain
Overall SnackAbility

6
/10

Population: 7,257
Rank Last Year: 29 (Up 21)
Median Income: $119,741
Unemployment Rate: 2.2%
Poverty Rate: 3.5%
More on Dayton: Real Estate | Photos

9. Andover

Andover, MN

Source: Public domain
Overall SnackAbility

6
/10

Population: 32,471
Rank Last Year: 6 (Down 3)
Median Income: $118,943
Unemployment Rate: 2.4%
Poverty Rate: 3.0%
More on Andover: Real Estate | Photos

10. Mendota Heights

Mendota Heights, MN

Overall SnackAbility

9.5
/10

Population: 11,681
Rank Last Year: 12 (Up 2)
Median Income: $123,788
Unemployment Rate: 2.2%
Poverty Rate: 3.9%
More on Mendota Heights: Real Estate | Photos

Methodology: How We Determined The Richest Places In Minnesota For 2023

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 2017-2021 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 149 places with more than 5,000 people in Minnesota, we ranked each place from 1 to 149 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, Rogers, crowned the “Richest City In Minnesota For 2023”. 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 149 places.

Summary: The Wealthiest Places In Minnesota For 2023

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: Waite Park
3rd Poorest: Little Falls

For more Minnesota reading, check out:

Detailed List Of The Richest Cities In Minnesota

Rank City RichScore Median Income
1 Rogers 8.67 $137,031
2 North Oaks 9.67 $220,861
3 Medina 12.33 $187,031
4 Otsego 12.33 $114,087
5 Corcoran 15.67 $145,897
6 Prior Lake 18.67 $115,837
7 Mahtomedi 20.67 $124,276
8 Dayton 22.33 $119,741
9 Andover 22.67 $118,943
10 Mendota Heights 23.33 $123,788
11 Rosemount 24.67 $117,416
12 Lake Elmo 25.0 $159,509
13 Ham Lake 25.33 $107,000
14 Albertville 25.67 $79,875
15 Plymouth 25.67 $119,813
16 Hugo 26.0 $99,587
17 Belle Plaine 26.33 $87,963
18 Lino Lakes 27.67 $112,742
19 St. Michael 28.33 $117,260
20 Lakeville 31.0 $119,970
21 Kasson 31.0 $84,122
22 Big Lake 31.67 $93,524
23 Oak Grove 32.33 $112,073
24 Delano 32.33 $93,531
25 Victoria 33.67 $167,418
26 Wyoming 35.0 $88,819
27 Chaska 35.33 $95,633
28 Farmington 36.0 $105,394
29 Cottage Grove 37.0 $108,887
30 Minnetonka 37.0 $106,023
31 Chanhassen 37.67 $123,566
32 Orono 38.0 $159,816
33 Hermantown 40.0 $79,844
34 Carver 42.33 $115,655
35 Maple Grove 42.33 $118,479
36 Elk River 42.67 $83,875
37 Woodbury 43.67 $114,252
38 St. Paul Park 44.0 $85,061
39 St. Anthony 44.33 $88,531
40 Stillwater 44.33 $98,033
41 East Bethel 45.33 $101,949
42 Edina 46.67 $115,047
43 Byron 48.0 $112,622
44 Waconia 48.33 $94,036
45 Eden Prairie 48.67 $120,170
46 St. Francis 48.67 $90,015
47 Hastings 50.0 $81,802
48 Mound 50.33 $80,583
49 Chisago City 50.67 $85,570
50 Minnetrista 50.67 $153,546
51 Stewartville 51.0 $82,984
52 La Crescent 52.83 $61,651
53 Shakopee 54.67 $96,473
54 New Prague 55.67 $91,707
55 St. Louis Park 57.0 $87,639
56 Shorewood 57.67 $149,792
57 Shoreview 58.33 $101,733
58 Ramsey 58.33 $101,996
59 Champlin 59.33 $104,200
60 Golden Valley 61.33 $104,526
61 Savage 62.67 $115,574
62 Apple Valley 64.67 $91,936
63 Zimmerman 65.17 $75,584
64 Blaine 65.67 $90,484
65 Eagan 66.33 $98,503
66 Circle Pines 67.0 $88,504
67 Crystal 67.67 $77,117
68 Sartell 68.0 $72,575
69 Inver Grove Heights 68.33 $89,141
70 North Mankato 70.33 $73,302
71 Glencoe 72.67 $57,410
72 Forest Lake 73.0 $87,753
73 Monticello 75.33 $73,651
74 Cambridge 76.0 $57,969
75 North Branch 78.0 $91,250
76 Rochester 78.67 $79,159
77 Isanti 79.0 $70,833
78 Coon Rapids 79.33 $79,110
79 New Brighton 80.33 $77,031
80 Sauk Rapids 81.33 $59,960
81 Arden Hills 82.0 $109,707
82 Maplewood 82.67 $77,316
83 Redwood Falls 83.67 $57,565
84 Oakdale 85.0 $78,586
85 New Ulm 85.67 $60,723
86 Lake City 86.0 $65,652
87 White Bear Lake 86.0 $75,963
88 Buffalo 86.0 $74,036
89 Vadnais Heights 86.67 $84,269
90 Bloomington 87.0 $80,582
91 St. Peter 87.0 $59,692
92 Roseville 87.67 $82,040
93 Spring Lake Park 88.0 $72,083
94 Litchfield 88.0 $49,457
95 Brooklyn Park 88.0 $76,620
96 Thief River Falls 88.0 $55,998
97 Owatonna 90.0 $71,450
98 Burnsville 90.67 $79,059
99 Morris 92.0 $54,984
100 North St. Paul 92.33 $71,528

How Is The Area In ?

Editor’s Note: Data has been updated for 2023. This is our tenth 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.