Inver Grove Heights, Minnesota, is a city that seamlessly blends its rich history with modern economic development. Established in 1858, the city has grown into a vibrant community that offers a mix of residential neighborhoods and bustling commercial districts.
Economic Overview
As of 2026, Inver Grove Heights boasts a population of approximately 36,984 residents. The city has experienced steady growth, with a 3.24% increase since the 2020 census. This growth reflects the city’s appeal as a desirable place to live and work.
The median household income in Inver Grove Heights stands at $104,055, which is notably higher than both the state and national averages. This economic prosperity is complemented by a low poverty rate of 4.6%, underscoring the community’s overall well-being.
Key Industries and Employers
The city’s economy is diverse, with key industries including healthcare, education, retail trade, and manufacturing. Notably, Inver Grove Heights is home to the headquarters of CHS, Inc., a leading agricultural cooperative. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota, operates within the city, contributing significantly to the local economy.
Another prominent business is Gertens Greenhouses, one of the largest garden centers in the United States. These establishments not only provide employment opportunities but also contribute to the city’s economic stability.
Entrepreneurship and Local Businesses
Inver Grove Heights fosters a supportive environment for entrepreneurs and small businesses. A recent addition to the local business scene is Cuppa More Pages, a bookstore café that opened in 2025. This establishment offers a unique experience, inviting guests to take or leave books, much like a life-sized Little Free Library. Such ventures highlight the city’s commitment to nurturing local businesses and enhancing community engagement.
Housing and Real Estate
The housing market in Inver Grove Heights reflects the city’s economic vitality. The median home value is $352,300, with a homeownership rate of 75.5%. For renters, the average monthly rent for a two-bedroom apartment is approximately $1,447. These figures indicate a balanced housing market that caters to a diverse population.
Community and Quality of Life
Beyond its economic strengths, Inver Grove Heights offers a high quality of life. The city boasts over 30 parks, a community center, golf courses, and a network of trails for hiking and biking. Annual events like Inver Grove Heights Days foster a strong sense of community and attract visitors from neighboring areas.
Inver Grove Heights exemplifies a community that honors its historical roots while embracing economic growth and development. With a robust economy, diverse industries, and a strong community spirit, the city continues to thrive as a dynamic place to live and work.