Inver Grove Heights, a city nestled in Dakota County, Minnesota, has been experiencing steady economic growth, reflecting its dynamic community and strategic location.
Population and Income
As of 2026, the city’s population stands at approximately 36,984 residents, marking a 3.24% increase since 2020. This growth is accompanied by a median household income of $101,316, surpassing both state and national averages. Such economic vitality contributes to a low poverty rate of 4.9%, underscoring the community’s overall prosperity.
Employment and Industry
The local economy employs around 20,000 individuals, with key industries including health care and social assistance, manufacturing, and professional, scientific, and technical services. Notably, the professional, scientific, and technical services sector offers the highest average salary at $95,565, highlighting the city’s appeal to skilled professionals.
Housing Market
The housing market in Inver Grove Heights remains competitive. Over the three months ending May 2026, the median sale price of homes reached $379,773, reflecting a 2.6% year-over-year increase. Homes typically sell after 32 days on the market, indicating sustained demand in the area.
Local Business Developments
The city fosters a vibrant local business scene. For instance, in June 2025, ‘Cuppa More Pages,’ a unique bookstore café, opened its doors, offering residents a community space that combines literature and coffee. This establishment exemplifies the entrepreneurial spirit thriving within Inver Grove Heights.
Economic Development Initiatives
The Economic Development Authority (EDA), comprising city council members, actively promotes business growth and community development. Meeting bi-monthly, the EDA focuses on initiatives that enhance the city’s economic landscape, ensuring a supportive environment for both existing businesses and new ventures.
Inver Grove Heights continues to demonstrate resilience and growth, making it an attractive destination for residents and businesses alike.
