St. Michael: Economy & Jobs

Households in St. Michael earn a median $131,274 (1.2× higher than Wright County median $107,209; 1.4× higher than Minnesota median $90,958), with homes at a median value of $390,100. The surrounding county supports 48,758 jobs (avg $55,999).

Income & Affordability

Median household income $131,274 — above the Minnesota median ($90,957). Poverty rate 3.2% (U.S. average ~12.5%). 26% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).

Affordability · Home Price To Income3.0×
Affordability · Home Affordabilityaffordable
Affordability · Rent Pct Income18.6%
Affordability · Rent Affordabilityaffordable
Affordability · Pct Severely Rent Burdened25.5%
Affordability · Poverty Rate3.2%
Affordability · Property Tax Pct Income3.2%
Irs Income · IRS tax returns filed$73,820
Irs Income · Total Adjusted Gross Income (thousands)$6,777,482
Irs Income · Average AGI per return$91,811
Irs Income · Year2022
Income Estimate$149,064
Median Household Income$131,274 (vs Minnesota $90,958)
Poverty Rate3.2%

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$131,274

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 2.3% — below the U.S. average of ~4%. 19% work from home (U.S. average ~15%).

Commuter Profile · Mean Commute Min29.00
Commuter Profile · Work From Home Pct19.1%
Commuter Profile · Profilemoderate commute
Employment · Avg annual employment (county)48,758
Employment · Total annual wages (county)$2,730,376,859
Employment · Average annual pay$55,999
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 Rate2.3% (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 Farms341
Agriculture · Land In Farms Acres23,140
Agriculture · Avg Farm Size Acres67.90
Agriculture · Top CommoditiesCrop Totals, Animal Totals, Grain, Corn, Soybeans
Agriculture · Year2022
Business Patterns · Establishments (employer count)3,604
Business Patterns · Total Employees42,262
Business Patterns · Annual Payroll Thousands2,168,242
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 Stores13
Local Businesses · Liquor Stores17
Local Businesses · Gas Stations46
Local Businesses · General Merchandise11
Local Businesses · Clothing Stores17
Local Businesses · Bookstores3
Local Businesses · Electronics Stores4
Local Businesses · Home Centers3

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 Restaurants77
Dining Scene · Fast Food78
Dining Scene · Bars16
Dining Scene · Coffee Snacks18

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 (10)

Kensington Bank
EDGEWOOD GABLES BRANCH · 600 3rd Street · 55321
BANKWEST
BANKWEST · 5921 Main St · 55373
CorTrust Bank National Association
BUFFALO BRANCH · 555 Highway 55 E · 55313
Wells Fargo Bank, National Association
BUFFALO 55 BRANCH · 615 Highway 55 E · 55313
U.S. Bank National Association
MONTICELLO BRANCH · 307 Pine St · 55362
Citizens Alliance Bank
HOWARD LAKE BRANCH · 900 6th St · 55349
Old National Bank
BUFFALO HWY BRANCH · 910 Commercial Dr · 55313
The Bank of Elk River
OTSEGO OFFICE · 15800 88th St Ne · 55330
Star Bank
ANNANDALE BRANCH · 460 Elm Street E · 55302
Sherburne State Bank
MONTICELLO BRANCH · 1200 Highway 25 S · 55362

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)

Kwik Trip 681
Convenience Store · 4400 O'Day Ave NE
Nearest Snap · NameKwik Trip 681
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$677,417,311
Federal Spending · Per Capita4,792.92
Federal Spending · Population141,337 people

Sources: USAspending API

Other

Pct Drove Alone72.6%
Pct Public Transit0.3%
Pct Walked19.1%
Retirement Score · Median age37.6 years (vs Minnesota 39.0y)
Retirement Score · Ss Household Pct20.5%
Retirement Score · Hospitals Nearby3
Retirement Score · Va AccessYes
Retirement Score · Factorshospital access, VA nearby
Retirement Score · Ratingfair

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