Economy & Jobs — Independence, Minnesota

Income & Employment

Median Household Income (Census)$186,597
Estimated 2026~$221,300
Per Capita Income$94,243
Poverty Rate1.1%
Unemployment Rate0.8%
In Labor Force1,840

Top Industries

IndustryShare
Manufacturing23.0%
Education Healthcare14.8%
Professional12.4%

Local Businesses (County)

TypeCount
Real Estate Offices1,156
Fast Food1,108
Full Service Restaurants927
Law Offices896
Insurance Agencies773
Physician Offices507
Dental Offices460
Beauty Salons453
Child Day Care432
Home Health398
Commercial Banks363
Chiropractors329
Coffee Shops311
Auto Repair294
Accounting Firms275
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.