Minnesota is known for its natural beauty, vibrant culture, and thriving economy. Within the state, there are several cities that stand out for their wealth and economic prosperity.
In this article, we will explore the top 8 richest cities in Minnesota, highlighting their unique qualities and attractions. From bustling urban centers to charming suburban communities, each city offers its residents a high standard of living and a diverse range of opportunities.
Top 8 Richest Cities in Minnesota
- Edina
- Minnetonka
- Wayzata
- Woodbury
- Plymouth
- Eagan
- Lakeville
- Maple Grove
Edina
- Population: 51,711
- Median Income: $87,189
- Unemployment Rate: 3.2%
- Poverty Rate: 4.1%
- More on Edina: Real Estate
Located just outside of Minneapolis, Edina is a thriving city known for its affluent residents and strong community spirit. With a median income of $87,189, Edina boasts a high standard of living and a wide range of amenities.
The city is home to several beautiful parks, including Centennial Lakes Park, which offers walking paths, paddleboats, and an amphitheater for outdoor concerts.
Residents can also enjoy shopping at the upscale Galleria Edina or explore the local art scene at the Edina Art Center.
Minnetonka
- Population: 54,085
- Median Income: $87,535
- Unemployment Rate: 3.1%
- Poverty Rate: 4.2%
- More on Minnetonka: Real Estate
Situated along the shores of Lake Minnetonka, the city of Minnetonka offers residents a picturesque setting and a thriving economy. With a median income of $87,535, Minnetonka attracts professionals from a diverse range of industries.
Outdoor enthusiasts can take advantage of the city's numerous parks and trails, including the popular Minnetonka Regional Park, which offers swimming beaches, picnic areas, and scenic hiking trails.
In addition, the city is home to the Ridgedale Center, a premier shopping destination with a wide variety of retail and dining options.
Wayzata
- Population: 4,572
- Median Income: $103,462
- Unemployment Rate: 2.7%
- Poverty Rate: 1.3%
- More on Wayzata: Real Estate
Nestled on the shores of Lake Minnetonka, Wayzata is a charming city known for its luxurious homes and upscale lifestyle. With a median income of $103,462, Wayzata is one of the wealthiest cities in Minnesota. Residents can enjoy the stunning lake views and take part in various water activities, such as boating and fishing.
The city's downtown area, known as Wayzata's Lake Street, offers a mix of high-end shops, gourmet restaurants, and art galleries.
Wayzata is also home to the renowned Wayzata Yacht Club, hosting sailing regattas and social events.
Woodbury
- Population: 71,306
- Median Income: $105,974
- Unemployment Rate: 3.1%
- Poverty Rate: 3.2%
- More on Woodbury: Real Estate
Located in the eastern part of the Twin Cities metropolitan area, Woodbury is a vibrant city known for its thriving retail and entertainment scene. With a median income of $105,974, Woodbury offers its residents a high quality of life and a strong sense of community.
The city is home to the Woodbury Lakes shopping center, which features a wide range of stores, restaurants, and entertainment options.
Additionally, Woodbury boasts numerous parks and recreational areas, including the popular Carver Lake Park, where residents can enjoy hiking, biking, and picnicking.
Plymouth
- Population: 79,768
- Median Income: $106,227
- Unemployment Rate: 2.9%
- Poverty Rate: 3.0%
- More on Plymouth: Real Estate
Known for its excellent schools and abundant green spaces, Plymouth is a family-friendly city with a thriving economy. With a median income of $106,227, Plymouth offers its residents a high standard of living and a strong sense of community.
The city is home to several top-rated schools, making it an attractive destination for families. Outdoor enthusiasts can explore the city's numerous parks, including the expansive Medicine Lake Park, which offers swimming beaches, fishing piers, and hiking trails.
Plymouth also boasts a vibrant arts scene, with the Plymouth Playhouse showcasing a variety of live performances.
Eagan
- Population: 67,890
- Median Income: $89,887
- Unemployment Rate: 3.4%
- Poverty Rate: 4.2%
- More on Eagan: Real Estate
Situated just south of St. Paul, Eagan is a dynamic city known for its corporate headquarters and recreational opportunities. With a median income of $89,887, Eagan offers its residents a comfortable lifestyle and a range of employment opportunities.
The city is home to several major companies, including Thomson Reuters and Blue Cross Blue Shield of Minnesota. Outdoorrecreation is abundant in Eagan, with Lebanon Hills Regional Park offering miles of trails for hiking, biking, and cross-country skiing.
The Minnesota Zoo, located in Eagan, is a popular attraction for both residents and visitors, showcasing a wide variety of animals and hosting educational programs.
Lakeville
- Population: 66,010
- Median Income: $112,338
- Unemployment Rate: 2.4%
- Poverty Rate: 2.4%
- More on Lakeville: Real Estate
Located in the southern suburbs of the Twin Cities, Lakeville is a thriving city known for its strong sense of community and excellent schools. With a median income of $112,338, Lakeville offers its residents a high standard of living and a range of recreational activities.
The city is home to several top-rated schools and is known for its commitment to education. Sports enthusiasts can enjoy the Lakeville Ames Arena, which hosts various ice sports and activities.
Lakeville also boasts several beautiful lakes and parks, providing opportunities for boating, fishing, and picnicking.
Maple Grove
- Population: 72,278
- Median Income: $98,316
- Unemployment Rate: 2.8%
- Poverty Rate: 3.5%
- More on Maple Grove: Real Estate
Located in the northwest suburbs of Minneapolis, Maple Grove is a vibrant city known for its retail and dining options. With a median income of $98,316, Maple Grove offers residents a comfortable lifestyle and a range of amenities.
The city is home to the Arbor Lakes shopping area, which features a wide variety of stores, restaurants, and entertainment venues. Maple Grove is also known for its beautiful parks, including Elm Creek Park Reserve, which offers hiking and biking trails, a swimming pond, and a winter recreation area.
The city's Central Park hosts community events and concerts throughout the year.
