Inver Grove Heights, a dynamic city in Dakota County, Minnesota, has experienced significant economic growth and diversification in recent years. With a population exceeding 35,000 residents, the city offers a blend of suburban tranquility and economic vitality.
Economic Overview
The city’s economy is characterized by a mix of industries. Health care and social assistance employ approximately 2,660 individuals, while manufacturing and professional, scientific, and technical services sectors each employ nearly 2,000 residents. Notably, the professional, scientific, and technical services sector offers the highest average annual salary at $95,565, followed by utilities at $91,276, and finance and insurance at $89,638.
Local Business Landscape
Inver Grove Heights is home to a variety of businesses, ranging from family-owned establishments to major corporations. The city hosts the headquarters of CHS, Inc., a Fortune 500 agricultural cooperative, and Gertens Greenhouses, one of the largest garden centers in the United States. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota, operates within the city.
Housing Market Trends
The housing market in Inver Grove Heights reflects the city’s economic growth. As of March 2026, the median sale price of a home was $384,000, marking a 3.8% increase from the previous year. Homes typically remain on the market for 71 days, indicating a steady demand for housing in the area.
Community Development
The city’s Economic Development Authority (EDA), led by Councilmember Sue Gliva, plays a pivotal role in guiding economic initiatives. The EDA meets bi-monthly to discuss and implement strategies aimed at fostering business growth and community development.
Inver Grove Heights continues to thrive as a community that balances economic development with a high quality of life, making it an attractive destination for businesses and residents alike.
