Inver Grove Heights, Minnesota, has emerged as a dynamic center for business and economic development. With a population of approximately 36,873 as of July 2025, the city offers a blend of residential charm and commercial vitality.
Economic Landscape
The city’s economy is characterized by a diverse mix of industries. Manufacturing leads the employment sector, accounting for 31% of jobs, followed by agriculture at 26%, and healthcare at 19%. Retail and other services contribute 14% and 10%, respectively. This diversification provides a stable economic foundation and numerous employment opportunities for residents.
Key Employers
Inver Grove Heights is home to several prominent businesses. CHS, Inc., a Fortune 500 agricultural cooperative, has its headquarters here, underscoring the city’s significance in the agricultural sector. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota and the fourteenth largest in the U.S., operates within the city, highlighting its industrial strength. Gertens Greenhouses, one of the largest garden centers in the nation, also calls Inver Grove Heights home, contributing to the local economy and community life.
Small Business Growth
The city fosters a supportive environment for small businesses and entrepreneurs. A notable example is the recent opening of Cuppa More Pages, a bookstore café that functions as a life-sized Little Free Library, inviting patrons to take or leave books while enjoying a cup of coffee. This establishment reflects the community’s commitment to supporting local ventures and enhancing the cultural landscape.
Housing Market
The housing market in Inver Grove Heights remains robust. As of May 2026, the median sale price of homes 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 steady demand and a healthy real estate environment.
Demographics and Income
The city’s population is diverse and well-educated, with 43% of adults holding a bachelor’s degree or higher. The median household income stands at $104,055, which is 19% higher than the state average, reflecting the economic prosperity of the area. Additionally, the poverty rate is notably low at 4.6%, indicating a high standard of living for residents.
Conclusion
Inver Grove Heights exemplifies a thriving community where local businesses flourish alongside larger enterprises. The city’s economic diversity, strong housing market, and supportive environment for entrepreneurs make it an attractive destination for both residents and businesses seeking growth and opportunity.
