Inver Grove Heights, a city in Dakota County, Minnesota, has experienced steady growth and economic development, making it an attractive destination for businesses and residents alike. With a population of approximately 36,984 in 2026, the city has seen a 3.24% increase since the 2020 census, reflecting its ongoing appeal and vitality.
Economic Overview
The city’s economy is diverse, encompassing sectors such as healthcare, education, retail trade, and manufacturing. Notably, Inver Grove Heights is home to CHS, Inc., a leading agricultural cooperative, and the Pine Bend Refinery, the largest oil refinery in Minnesota. These major employers contribute significantly to the local economy and provide numerous job opportunities for residents.
Housing Market
The housing market in Inver Grove Heights has remained robust. As of June 2026, the median price for a single-family home is $355,950, with a median Automated Valuation Model (AVM) value of $378,000 for properties sold in the last year. The market includes a substantial number of high-equity homes, offering unique opportunities for buyers and investors.
Income and Employment
Residents of Inver Grove Heights enjoy a median household income of $104,055, which is 19% higher than the state average. The city boasts a low unemployment rate of 3.6%, indicating a healthy job market. Additionally, 43% of adults hold a bachelor’s degree or higher, placing the city in the top 10% in Minnesota for educational attainment.
Quality of Life
Inver Grove Heights offers a high quality of life with a variety of recreational and outdoor activities. The city boasts over 30 parks, a community center, golf courses, and a network of trails for hiking and biking. The Mississippi River and numerous lakes provide opportunities for boating, fishing, and other water sports. The community’s commitment to maintaining a connected and vibrant environment makes it an appealing place to live and work.
Business Development
The city’s Economic Development Authority (EDA) actively supports business growth and development. The EDA meets regularly to discuss and implement strategies that foster economic prosperity. These meetings are open to the public and provide a platform for community engagement in economic initiatives.
Inver Grove Heights continues to thrive as a dynamic community with a strong economic foundation, diverse industries, and a high quality of life, making it a prime location for businesses and residents alike.
