Inver Grove Heights, a vibrant city in Dakota County, Minnesota, has been experiencing steady economic growth, marked by rising median incomes and a thriving local business scene.
Economic Overview
As of 2024, the median household income in Inver Grove Heights reached $101,316, reflecting a consistent upward trend over recent years. This figure surpasses the national median, indicating a robust local economy. The city’s population stands at approximately 36,144 residents, contributing to a dynamic and diverse community.
Local Business Landscape
The city hosts a variety of businesses, ranging from family-owned establishments to major corporations. Notably, CHS, Inc., a Fortune 100 company, has its headquarters in Inver Grove Heights. Additionally, Gertens Greenhouses, one of the largest garden centers in the United States, operates within the city, attracting customers from across the region.
In recent developments, the city welcomed Cuppa More Pages, a unique bookstore café that functions as a life-sized Little Free Library, inviting patrons to take or leave books while enjoying a cup of coffee. This addition reflects the community’s support for innovative local businesses.
Employment and Industry
The local economy employs approximately 20,000 individuals, with significant representation in sectors such as health care and social assistance, manufacturing, and professional, scientific, and technical services. The highest-paying industries include professional, scientific, and technical services, utilities, and finance and insurance, offering competitive salaries to residents.
Housing Market
The housing market in Inver Grove Heights remains active, with a median home sale price of $384,000 as of March 2026, marking a 3.8% increase from the previous year. Homes typically sell after 71 days on the market, indicating steady demand in the area.
Community Initiatives
The city’s Economic Development Authority (EDA), led by Councilmember Sue Gliva, plays a pivotal role in fostering business growth and development. The EDA meets bi-monthly to discuss and implement strategies aimed at enhancing the local economy and supporting entrepreneurs.
Inver Grove Heights continues to demonstrate resilience and adaptability, with a strong economic foundation and a supportive environment for businesses and residents alike.
