Inver Grove Heights, a city in Dakota County, Minnesota, has experienced steady growth and economic development in recent years. With a population of approximately 36,984 residents, the city offers a blend of suburban charm and economic vitality.
Population and Income
The city’s population has been growing at a rate of 0.3% annually, reflecting its appeal as a residential destination. The median household income stands at $101,316, surpassing both state and national averages. This robust income level contributes to a low poverty rate of 4.86%, indicating a relatively prosperous community.
Employment and Industry
Inver Grove Heights boasts a diverse employment landscape. The largest industries include Health Care & Social Assistance, Manufacturing, and Professional, Scientific, & Technical Services. Notably, the city is home to CHS, Inc., a major agricultural cooperative, and the Pine Bend Refinery, the largest oil refinery in Minnesota. These establishments provide significant employment opportunities and contribute to the local economy.
Local Businesses and Entrepreneurship
The city supports a vibrant local business scene. For instance, Cuppa More Pages, a bookstore café that opened in 2025, offers residents a unique space to enjoy literature and coffee. Such establishments enhance the community’s cultural and economic fabric.
Housing Market
The housing market in Inver Grove Heights is competitive, with a median home price of $355,950. The market has seen a 2.6% increase in home prices over the past year, indicating steady demand and growth. The homeownership rate is 75.5%, reflecting residents’ investment in the community.
Economic Development Initiatives
The city’s Economic Development Authority (EDA) actively promotes business growth and community development. Meeting bi-monthly, the EDA focuses on initiatives that enhance the local economy and support both new and existing businesses.
Inver Grove Heights exemplifies a community that balances growth with maintaining a high quality of life. Its strong economic indicators, diverse industries, and supportive environment for local businesses make it a dynamic place to live and work.
