Inver Grove Heights, Minnesota, has emerged as a dynamic center for business and economic development. With a population of approximately 35,906 residents, the city offers a strategic location and a supportive environment for businesses of all sizes.
Economic Landscape
The city’s economy is characterized by a diverse mix of industries, including retail, healthcare, manufacturing, and distribution. 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 Trends
The housing market in Inver Grove Heights reflects the city’s economic vitality. As of July 2026, the median sale price for a single-family home was $380,000, 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.
Entrepreneurial Spirit
The city fosters a vibrant entrepreneurial community. A recent addition to the local business scene is Cuppa More Pages, a bookstore café that opened in 2025. This unique establishment invites patrons to take or leave books, embodying the community’s spirit of sharing and engagement.
Community and Workforce
Inver Grove Heights boasts a highly educated workforce, with 43.5% of adults holding a bachelor’s degree or higher. The median household income stands at $101,316, which is 14% higher than the state average. The unemployment rate is a low 3.6%, reflecting the city’s strong job market and economic stability.
Conclusion
Inver Grove Heights continues to thrive as a hub for business and economic growth. Its strategic location, diverse industries, and supportive community make it an attractive destination for businesses and residents alike.