St. Louis Park: Economy & Jobs

Median household income in St. Louis Park is $101,648 (about the same as Hennepin County median $97,653; 1.1× higher than Minnesota median $90,958), with homes at a median value of $386,800. The surrounding county supports 917,117 jobs (avg $90,157).

Income & Affordability

Median household income $101,648 — above the Minnesota median ($90,957). Poverty rate 6.9% (U.S. average ~12.5%). 28% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income3.8×
Affordability · Home Affordabilitymoderate
Affordability · Rent Pct Income18.8%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened27.7%
Affordability · Poverty Rate6.9%
Affordability · Property Tax Pct Income4.3%
Irs Income · IRS tax returns filed$651,040
Irs Income · Total Adjusted Gross Income (thousands)$75,219,684
Irs Income · Average AGI per return$115,538
Irs Income · Year2022
Income Estimate$114,236
Median Household Income$101,648 (vs Minnesota $90,958)
Poverty Rate6.9%

Sources: IRS SOI 2022 · Census ACS 5-Year 2023  ·  Refreshed 2026-04-12

Economic Character

Qualitative classification derived from Census occupation, industry, and income data — workforce composition (white-collar/blue-collar), top employing sector, and income tier.

Economic Character · Workforcewhite_collar
Economic Character · Top IndustryEducation Healthcare
Economic Character · Income Levelaffluent
Economic Character · Median Income$101,648

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 2.5% — below the U.S. average of ~4%. 28% work from home (U.S. average ~15%).

Commuter Profile · Mean Commute Min20.20
Commuter Profile · Work From Home Pct28.1%
Commuter Profile · Profileshort commute
Employment · Avg annual employment (county)917,117
Employment · Total annual wages (county)$82,684,587,070
Employment · Average annual pay$90,157
Employment · Year2024
State Occupation Wages · Year2023
State Occupation Wages · All Occupations · Soc Code00-0000
State Occupation Wages · All Occupations · TitleAll Occupations
State Occupation Wages · All Occupations · Employment2,881,100
Unemployment Rate2.5% (vs Minnesota 4.0%)

Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023  ·  Refreshed 2026-04-12

Industry Sectors

Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.

Agriculture · Total Farms154
Agriculture · Land In Farms Acres6,504
Agriculture · Avg Farm Size Acres42.20
Agriculture · Top CommoditiesCrop Totals, Horticulture Totals, Floriculture Totals, Bedding Plant Totals, Grain
Agriculture · Year2022
Business Patterns · Establishments (employer count)40,654
Business Patterns · Total Employees914,142
Business Patterns · Annual Payroll Thousands72,394,744
Business Patterns · Year2022

Sources: USDA NASS Census 2022 — county FIPS matched · Census CBP API — county FIPS match

Local Business Mix

Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.

Local Businesses · Grocery Stores240
Local Businesses · Convenience Stores54
Local Businesses · Liquor Stores161
Local Businesses · Gas Stations245
Local Businesses · Department Stores11
Local Businesses · General Merchandise61
Local Businesses · Clothing Stores134
Local Businesses · Pet Stores43

Sources: Census CBP — NAICS detail codes

Dining Scene

Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.

Dining Scene · Full Service Restaurants927
Dining Scene · Fast Food1,108
Dining Scene · Bars96
Dining Scene · Coffee Snacks311

Sources: Census CBP NAICS 722

Banking

FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.

Branches (3)

Associated Bank, National Association
ST. LOUIS PARK BRANCH · 5353 Wayzata Blvd · 55416
Wells Fargo Bank, National Association
KNOLLWOOD BRANCH · 8600 Highway 7 · 55426
The Huntington National Bank
KNOLLWOOD BRANCH · 8951 W 36th St · 55426

SNAP & Food Access

USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.

Sample (1)

ALDI 32
Supermarket · 8950 Highway 7
Nearest Snap · NameALDI 32
Nearest Snap · Total In Area1

Sources: USDA SNAP API — state+city name match

Chamber of Commerce

IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.

Chamber Of Commerce · NameLONSDALE AREA CHAMBER OF COMMERCE

Sources: IRS EO BMF  ·  Refreshed 2026-04-12

Spending & Tax

Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).

Federal Spending · Federal Spending Fy2024$163,198,097,946
Federal Spending · Per Capita127,342.82
Federal Spending · Population1,281,565 people

Sources: USAspending API

Other

Pct Drove Alone60.7%
Pct Public Transit1.7%
Pct Walked28.1%
Retirement Score · Median age36.1 years (vs Minnesota 39.0y)
Retirement Score · Ss Household Pct22.1%
Retirement Score · Hospitals Nearby9
Retirement Score · Va AccessYes
Retirement Score · Factorshospital access, VA nearby
Retirement Score · Ratingfair

Sources: Census ACS 5-Year 2023  ·  Refreshed 2026-04-12