Inver Grove Heights, a vibrant city in Dakota County, Minnesota, has experienced steady growth and economic development in recent years. With a population of approximately 36,873 as of July 2025, the city continues to attract residents and businesses alike.
Economic Overview
The city’s economy is bolstered by a diverse range of industries. Notably, Inver Grove Heights is home to the headquarters of CHS, Inc., a leading agricultural cooperative. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota, operates within the city, contributing significantly to the local economy.
Local Businesses and Entrepreneurship
Inver Grove Heights fosters a supportive environment for local businesses and entrepreneurs. A recent addition to the community is 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 establishment exemplifies the city’s commitment to promoting local enterprises and community engagement.
Housing Market and Economic Indicators
The housing market in Inver Grove Heights reflects the city’s economic vitality. As of May 2026, the median sale price of homes was $379,773, marking a 2.6% increase from the previous year. Homes typically sell after an average of 32 days on the market, indicating a healthy demand for residential properties.
Economic indicators further highlight the city’s prosperity. The median household income stands at $101,316, surpassing both state and national averages. Additionally, the unemployment rate is a low 3.6%, and the poverty rate is 4.9%, underscoring the economic stability of the community.
Community and Workforce
Inver Grove Heights boasts a well-educated workforce, with 43.5% of residents aged 25 and over holding a bachelor’s degree or higher. The city’s strategic location near major transportation routes enhances its appeal for businesses and residents, offering convenient access to the broader Twin Cities metropolitan area.
In summary, Inver Grove Heights exemplifies a thriving community with a robust economy, diverse industries, and a strong commitment to supporting local businesses and entrepreneurs. Its steady growth and economic indicators reflect a promising future for residents and businesses alike.
