Inver Grove Heights, a dynamic suburb of the Twin Cities, continues to experience steady economic growth, bolstered by a diverse industrial base and a thriving local business community.
Economic Overview
As of 2026, the city boasts a population of approximately 36,984 residents, reflecting a growth rate of 0.3% annually. The median household income stands at $101,316, surpassing both state and national averages. This economic vitality is further underscored by a low poverty rate of 4.9% and an unemployment rate of 3.6%, indicating a robust job market.
Key Industries
Inver Grove Heights hosts several major employers contributing significantly to the local economy. CHS Inc., a leading agricultural cooperative, has its headquarters here, providing numerous employment opportunities. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota, plays a pivotal role in the region’s industrial landscape. The city is also home to Gertens Greenhouses, one of the largest garden centers in the United States, attracting both customers and job seekers.
Local Business Developments
The entrepreneurial spirit thrives in Inver Grove Heights, with new businesses continually enriching the community. A notable recent addition is Cuppa More Pages, a bookstore café that opened in 2025. This unique establishment functions as a life-sized Little Free Library, inviting patrons to take or leave books while enjoying a cup of coffee. Such ventures not only enhance the local economy but also foster a sense of community among residents.
Housing Market Trends
The housing market in Inver Grove Heights remains competitive. Over the three months ending May 2026, home prices increased by 2.6% compared to the same period the previous year, with a median sale price of $380,000. Homes typically sell after 32 days on the market, indicating sustained demand in the area.
Educational Attainment
The city’s workforce is well-educated, with 43.5% of adults holding a bachelor’s degree or higher. This high level of educational attainment supports a diverse range of industries and contributes to the overall economic health of the community.
Inver Grove Heights exemplifies a community that balances economic growth with a high quality of life. Its strategic location, diverse industries, and vibrant local businesses make it an attractive place for both residents and entrepreneurs.
