Inver Grove Heights, a dynamic city in Dakota County, Minnesota, has experienced significant economic growth in recent years. With a population of over 36,000 residents, the city offers a blend of suburban charm and urban convenience, making it an attractive destination for businesses and families alike.
Economic Landscape
The city’s economy is diverse, encompassing sectors such as health care, manufacturing, and professional services. In 2024, the largest industries included Health Care & Social Assistance, employing 2,660 individuals; Manufacturing, with 1,985 employees; and Professional, Scientific, & Technical Services, employing 1,942 people. Notably, the Professional, Scientific, & Technical Services sector offered the highest average annual salary at $95,565.
Local Business Highlights
Inver Grove Heights is home to several prominent businesses. CHS, Inc., a Fortune 500 agricultural cooperative, has its headquarters in the city. Additionally, Gertens Greenhouses, one of the largest garden centers in the United States, operates here, contributing significantly to the local economy.
The city also supports a vibrant small business community. For instance, Cuppa More Pages, a unique bookstore café, opened its doors in 2025, offering residents a cozy space to enjoy literature and coffee. This establishment exemplifies the entrepreneurial spirit thriving in Inver Grove Heights.
Housing Market and Demographics
The housing market in Inver Grove Heights reflects the city’s economic vitality. As of March 2026, the median sale price for homes was $384,000, marking a 3.8% increase from the previous year. The median household income stands at $101,316, surpassing the national median and indicating a prosperous community.
Demographically, the city is predominantly White (73.5%), with Hispanic (12.3%) and Black (5.9%) communities contributing to its cultural diversity. The median age is 42 years, with a significant portion of the population aged between 55 and 64, highlighting a mature and stable community.
Economic Development Initiatives
The Economic Development Authority (EDA) of Inver Grove Heights plays a pivotal role in fostering business growth. The EDA, led by Councilmember Sue Gliva, meets bi-monthly to discuss and implement strategies aimed at enhancing the city’s economic landscape. These meetings are open to the public, ensuring transparency and community involvement in economic planning.
Conclusion
Inver Grove Heights stands as a testament to balanced economic development, where large corporations and small businesses coexist and thrive. The city’s strategic location, diverse economy, and supportive community make it an ideal place for businesses to flourish and residents to enjoy a high quality of life.
