State profile
Minnesota FIPS 27
Population
5,670,472
Median household income
$77,706
Nonfarm employment
3,084,500
Business establishments
154,455
Every figure above traces to a primary source · view data sources & methodology
State Highlights
Largest employer sector
Health care and social assistance
482,616 employees
Business concentration
17.2%
of private employment in Health care and social assistance
Home prices, 1 year
+3.0%
FHFA
Federal outlays per capita
$38,500.19
USASpending.gov
Economy & Labor
Total nonfarm employment
BLS Current Employment Statistics, not seasonally adjusted · persons · 20 months available
· latest observation: August 2026
Employment ratio
55.3%
employed ÷ population
Unemployed population (ACS)
125,307
Vs. July
▼ 3,800
Business density
27.7 per 1,000
establishments per capita
Leading Industries
Leading industries by employment
Ranked by private-sector employment, same measure as the Business & Industry tab · see the full breakdown there
1
Health care and social assistance
482,616 employees
2
Manufacturing
325,317 employees
3
Retail trade
306,468 employees
4
Accommodation and food services
237,574 employees
5
Professional, scientific, and technical services
195,107 employees
Leading Public Companies
Top 5 by latest reported revenue
SEC EDGAR / XBRL Company Facts · see the full listing on the Public Companies tab
UNITEDHEALTH GROUP INC · UNH
$447.57B
TARGET CORP · TGT
$104.78B
$48.83B
BEST BUY CO INC · BBY
$41.69B
CHS INC · CHSCL
$35.46B
Population & People
Homeownership rate
72.3%
1.61M of 2.23M occupied homes are owner-occupied
Population by age
U.S. Census Bureau, ACS 5-year estimate (table B01001) · reconciles to total population
Housing & Real Estate
Median home value
$250,200
Median gross rent
$1,081 / month
Vacancy rate
9.8%
Total housing units
2.47M
Owner-occupied homes
1.61M
Renter-occupied homes
618.3K
Home prices, 1 year
+3.0%
Home prices, 5 years
+31.2%
Latest FHFA period
2026 Q2
ACS: 2021 ACS 5-year · FHFA: 2026 Q2
ACS housing estimates from the U.S. Census Bureau — median home value reflects owner-reported value, not a current sale price. House-price changes are from the FHFA All-Transactions House Price Index, a measure of price appreciation over time, not a home-value estimate.
Federal Spending
Total federal outlays
$214.70B
Outlays per capita
$38,500.19
Total prime award value
$223.19B
Source: USASpending.gov · specific reporting period not published in this dataset
Business establishments
154,455
Private-sector employment
2,803,410
Annual payroll
$191.53B
Avg. employees / establishment
18.2
derived: employment ÷ establishments
Census County Business Patterns · reference year 2023 State Ledger collected this data Sep 19, 2026, 12:10 UTC — not the measurement period.
Industry breakdown
Ranked by private-sector employment · NAICS 2-digit sectors as published (merged groups such as 31-33 kept intact)
62Health care and social assistance
482,616 employees
19,985 establishments ·
$28.38B payroll
Public companies headquartered here · 1
Celcuity Inc. (CELC)
31-33Manufacturing
325,317 employees
6,718 establishments ·
$23.91B payroll
Public companies headquartered here · 30
3M CO (MMM)
· Anteris Technologies Global Corp. (AVR)
· APOGEE ENTERPRISES, INC. (APOG)
· AUTOSCOPE TECHNOLOGIES CORP (AATC)
· BIO-TECHNE Corp (TECH)
· Clearfield, Inc. (CLFD)
· CVRx, Inc. (CVRX)
· DiaMedica Therapeutics Inc. (DMAC)
· DONALDSON Co INC (DCI)
· Electromed, Inc. (ELMD)
·+20 more
44-45Retail trade
306,468 employees
17,727 establishments ·
$10.71B payroll
Public companies headquartered here · 2
BEST BUY CO INC (BBY)
· TARGET CORP (TGT)
72Accommodation and food services
237,574 employees
12,374 establishments ·
$5.93B payroll
54Professional, scientific, and technical services
195,107 employees
16,218 establishments ·
$19.31B payroll
56Administrative and support and waste management and remediation services
178,023 employees
7,939 establishments ·
$9.63B payroll
52Finance and insurance
169,792 employees
9,687 establishments ·
$20.46B payroll
Public companies headquartered here · 9
AMERIPRISE FINANCIAL INC (AMP)
· Bridgewater Bancshares Inc (BWB)
· Jefferson Capital, Inc. / DE (JCAP)
· PIPER SANDLER COMPANIES (PIPR)
· REDWOOD FINANCIAL INC /MN/ (REDW)
· TRAVELERS COMPANIES, INC. (TRV)
· TWO HARBORS INVESTMENT CORP. (TWO-PA)
· UNITEDHEALTH GROUP INC (UNH)
· US BANCORP \DE\ (USB)
55Management of companies and enterprises
151,489 employees
1,128 establishments ·
$17.13B payroll
23Construction
144,692 employees
17,568 establishments ·
$13.29B payroll
42Wholesale trade
141,431 employees
7,025 establishments ·
$14.50B payroll
81Other services (except public administration)
116,463 employees
15,969 establishments ·
$4.66B payroll
48-49Transportation and warehousing
106,095 employees
5,142 establishments ·
$6.45B payroll
61Educational services
71,806 employees
2,107 establishments ·
$2.76B payroll
51Information
62,246 employees
2,631 establishments ·
$6.86B payroll
Public companies headquartered here · 2
Electronic Servitor Publication Network, Inc.
· Nuvera Communications, Inc. (NUVR)
71Arts, entertainment, and recreation
48,379 employees
3,204 establishments ·
$2.23B payroll
Public companies headquartered here · 1
Canterbury Park Holding Corp (CPHC)
53Real estate and rental and leasing
41,795 employees
7,786 establishments ·
$2.75B payroll
22Utilities
14,790 employees
371 establishments ·
$1.76B payroll
Public companies headquartered here · 2
Otter Tail Corp (OTTR)
· XCEL ENERGY INC (XEL)
21Mining, quarrying, and oil and gas extraction
5,237 employees
169 establishments ·
$570.68M payroll
Public companies headquartered here · 2
GROOVE BOTANICALS INC. (GRVE)
· NORTHERN OIL & GAS, INC. (NOG)
11Agriculture, forestry, fishing and hunting
3,922 employees
573 establishments ·
$238.15M payroll
99Industries not classified
168 employees
134 establishments ·
$6.99M payroll
Public-company links use SEC-to-NAICS sector mappings and may not cover every company headquartered here.
Publicly traded companies in the State Ledger SEC dataset headquartered in Minnesota.
The dataset is still expanding and is not yet a complete listing of every public company in the state.
Public companies listed
77
Companies showing market data
55
Eligible ticker coverage
58.5%
Latest session
Oct 12, 2026
Coverage is based on eligible SEC ticker symbols and may differ from the number of companies listed.
$378.16
-0.30%
Revenue$447.57B
Net income$12.06B
Assets$309.58B
TARGET CORP TGT
$153.60
-0.08%
Revenue$104.78B
Net income$3.71B
Assets$59.49B
$371.67
+0.79%
Revenue$48.83B
Net income$6.29B
Assets$143.71B
BEST BUY CO INC BBY
$87.01
+0.01%
Revenue$41.69B
Net income$1.07B
Assets$14.67B
CHS INC CHSCL
$25.06
+0.04%
Revenue$35.46B
Net income$597.92M
Assets$18.86B
US BANCORP \DE\ USB
$57.42
+0.61%
Revenue$28.66B
Net income$7.57B
Assets$692.35B
3M CO MMM
$160.90
+0.57%
Revenue$24.95B
Net income$3.25B
Assets$37.73B
$500.09
-0.06%
Revenue$18.91B
Net income$3.56B
Assets$190.90B
$32.68
+1.21%
Revenue$18.42B
Net income-$87.60M
Assets$30.02B
$139.76
-1.81%
Revenue$16.23B
Net income$587.08M
Assets$5.06B
ECOLAB INC. ECL
$284.35
+0.90%
Revenue$16.08B
Net income$2.08B
Assets$24.70B
Solventum Corp SOLV
$85.36
-2.39%
Revenue$8.33B
Net income$1.56B
Assets$14.29B
FASTENAL CO FAST
$51.51
+1.50%
Revenue$8.20B
Net income$1.26B
Assets$5.05B
APi Group Corp APG
$40.40
+0.20%
Revenue$7.91B
Net income$302.00M
Assets$8.94B
Polaris Inc. PII
$51.18
-0.95%
Revenue$7.15B
Net income-$465.50M
Assets$4.89B
TORO CO TTC
$96.63
+0.75%
Revenue$4.51B
Net income$316.10M
Assets$3.44B
$162.77
-2.79%
Revenue$3.89B
Net income$710.20M
Assets$6.85B
$40.38
-0.55%
Revenue$3.00B
Net income$373.67M
Assets$8.01B
$23.20
-0.90%
Revenue$2.80B
Net income$25.70M
Assets$2.15B
$25.43
+2.71%
Revenue$2.48B
Net income$38.76M
Assets$5.41B
GRACO INC GGG
$78.81
+0.75%
Revenue$2.24B
Net income$521.84M
Assets$3.27B
DELUXE CORP DLX
$22.89
-1.17%
Revenue$2.13B
Net income$82.10M
Assets$2.86B
$64.92
-0.53%
Revenue$1.90B
Net income$281.33M
Assets$2.59B
Sleep Number Corp SNBRQ
Revenue$1.41B
Net income-$131.96M
Assets$680.06M
$40.92
+0.80%
Revenue$1.40B
Net income$54.13M
Assets$1.12B
Otter Tail Corp OTTR
$88.35
+0.99%
Revenue$1.30B
Net income$275.89M
Assets$3.96B
BIO-TECHNE Corp TECH
$72.57
+0.14%
Revenue$1.22B
Net income$181.84M
Assets$2.59B
TENNANT CO TNC
$66.20
+0.33%
Revenue$1.20B
Net income$43.80M
Assets$1.27B
HAWKINS INC HWKN
$130.12
+1.18%
Revenue$1.08B
Net income$81.55M
Assets$986.29M
$71.49
+3.64%
Revenue$911.98M
Net income$145.42M
Assets$907.32M
SPS COMMERCE INC SPSC
$84.62
+0.01%
Revenue$751.51M
Net income$93.34M
Assets$1.17B
$20.31
+1.91%
Revenue$613.29M
Net income$187.97M
Assets$2.09B
Sezzle Inc. SEZL
$130.43
+1.38%
Revenue$450.28M
Net income$133.13M
Assets$400.23M
$75.11
-0.86%
Revenue$430.22M
Net income$40.80M
Assets$922.65M
$3.67
0.00%
Revenue$336.82M
Net income-$4.49M
Assets$301.73M
$22.64
+0.67%
Revenue$329.52M
Net income$19.09M
Assets$273.94M
Vireo Growth Inc. VREOF
Revenue$268.77M
Net income-$68.11M
Assets$817.15M
REGIS CORP RGS
$28.70
-2.74%
Revenue$224.49M
Net income$6.94M
Assets$547.22M
Clearfield, Inc. CLFD
$33.19
-2.35%
Revenue$150.13M
Net income-$8.05M
Assets$306.17M
NORTECH SYSTEMS INC NSYS
$11.21
0.00%
Revenue$118.37M
Net income-$252.0K
Assets$71.92M
WINMARK CORP WINA
$292.17
+0.05%
Revenue$86.06M
Net income$41.65M
Assets$24.88M
$7.80
0.00%
Revenue$84.23M
Net income$17.6K
Assets$102.75M
Electromed, Inc. ELMD
$28.12
+2.05%
Revenue$73.78M
Net income$11.30M
Assets$66.27M
Revenue$71.79M
Net income$327.7K
Assets$277.98M
CVRx, Inc. CVRX
$1.48
-6.92%
Revenue$56.65M
Net income-$53.31M
Assets$104.79M
$2.35
0.00%
Revenue$48.13M
Net income-$11.18M
Assets$84.43M
$5.90
+3.24%
Revenue$44.05M
Net income$11.81M
Assets$37.34M
NVE CORP /NEW/ NVEC
$110.42
-3.31%
Revenue$26.33M
Net income$15.20M
Assets$60.38M
TABLE TRAC INC TBTC
Revenue$11.05M
Net income$1.63M
Assets$14.37M
$1.08
-4.42%
Revenue$9.10M
Net income-$3.61M
Assets$10.79M
Revenue$8.50M
Net income$2.30M
Assets$22.37M
Nuwellis, Inc. NUWE
$0.68
-0.37%
Revenue$8.27M
Net income-$17.52M
Assets$6.12M
Revenue$7.72M
Net income$203.3K
Assets$19.19M
$1.41
0.00%
Revenue$3.90M
Net income-$266.08M
Assets$190.36M
VisitIQ Corp. VIIQ
Revenue$2.64M
Net income-$7.96M
Assets$2.98M
$6.65
-1.92%
Revenue$1.91M
Net income-$94.14M
Assets$23.00M
Revenue$1.14M
Net income-$10.47M
Assets$3.58M
Revenue$417.4K
Net income—
Assets$5.18M
Envoy Medical, Inc. COCH
$0.64
-2.61%
Revenue$241.0K
Net income-$23.76M
Assets$8.56M
Revenue$0
Net income-$593.8K
Assets$119.0K
$20.42
+0.84%
Revenue—
Net income$46.09M
Assets$5.41B
$15.72
0.00%
Revenue—
Net income-$529.4K
Assets$112.58M
Celcuity Inc. CELC
$65.92
-3.03%
Revenue—
Net income-$177.04M
Assets$466.56M
$8.22
-1.14%
Revenue—
Net income-$32.77M
Assets$61.37M
DONALDSON Co INC DCI
$86.48
-0.61%
Revenue—
Net income$453.80M
Assets$3.99B
Latest financials unavailable
FULLER H B CO FUL
$49.34
-0.47%
Revenue—
Net income$151.97M
Assets$5.18B
Revenue—
Net income-$139.9K
Assets$4.4K
$19.30
+0.52%
Revenue—
Net income$478.20M
Assets$13.39B
$6.44
0.00%
Revenue—
Net income-$38.72M
Assets$239.34M
$20.07
-3.46%
Latest financials unavailable
Proto Labs Inc PRLB
$91.66
-2.42%
Revenue—
Net income$21.24M
Assets$763.42M
Latest financials unavailable
STRATASYS LTD. SSYS
$7.67
-3.76%
Latest financials unavailable
TWO HARBORS INVESTMENT CORP. TWO-PA
$26.30
0.00%
Revenue—
Net income-$454.30M
Assets$10.86B
$10.02
0.00%
Revenue—
Net income—
Assets$247.6K
XCEL ENERGY INC XEL
$74.16
+0.52%
Revenue—
Net income$2.02B
Assets$81.37B
No companies match that search.
Showing top 10 of 77 companies by latest annual revenue
Sources: SEC EDGAR submissions (company information) · SEC XBRL Company Facts (financials) State Ledger collected this data Sep 19, 2026, 15:11 UTC — fiscal year above reflects each company's own reporting period, not this collection time. Market data: Alpaca via IEX, latest completed session stored by State Ledger. See the Markets & Economy page for the full non-SIP coverage disclosure and national market activity.
Education Summary
High school graduate+
93.56%
population 25+
Bachelor’s degree+
37.57%
population 25+
Public K-12 enrollment
870,019
2,690 schools
Student/teacher ratio
15.5 : 1
K-12 public schools
Educational Attainment
Attainment among population 25 and older
U.S. Census Bureau, American Community Survey 5-Year Estimates · 2021 ACS 5-year · 3,847,501 people
K-12 Education
Public schools
2,690
Teachers (FTE)
56,124
Graduation rate
84.00%
class of 2022
Per-pupil spending
$14,213
2021
Average teacher salary
$68,491
2022
National Center for Education Statistics, Digest of Education Statistics · reference year 2023
Higher Education
College enrollment
373,128
Degree-granting institutions
78
Avg. published tuition, public 4-yr
$12,873
Public
40
Private nonprofit
33
Private for-profit
5
National Center for Education Statistics, Digest of Education Statistics · reference year 2023
Schools & Institutions
5RiversOnline Elementary
Regular School
31 enrolled
5RiversOnline Secondary
Regular School
122 enrolled
6-12th Grade Building
Regular School
127 enrolled
622 ALTERNATIVE MIDDLE/HIGH SCHOOL
Alternative School
0 enrolled
622 Online Elementary School
Regular School
57 enrolled
622 Online High School
Regular School
98 enrolled
622 Online Middle School
Regular School
49 enrolled
882 Online 6-12
Regular School
63 enrolled
882 Online K-5
Regular School
11 enrolled
916 MAHTOMEDI ACADEMY
Alternative School
71 enrolled
917 DASH
Special Education School
21 enrolled
917 INTRA-DAKOTA EDUCATIONAL ALT
Special Education School
43 enrolled
917 PACES
Special Education School
36 enrolled
917 SUN
Special Education School
93 enrolled
917 TRANSITIONAL EDUCATION SERV ALT
Special Education School
82 enrolled
A. G. A. P. E. TEEN PARENT
Alternative School
46 enrolled
A.C.G.C. ELEMENTARY
Regular School
344 enrolled
A.C.G.C. SECONDARY
Regular School
379 enrolled
A.I. JEDLICKA MIDDLE SCHOOL
Regular School
448 enrolled
A/O PROGRAM
Special Education School
8 enrolled
Source: National Center for Education Statistics (NCES) · Common Core of Data (K-12) / IPEDS (higher education) State Ledger collected this directory Sep 21, 2026, 19:14 UTC — reference year above reflects NCES's own collection period, not this collection time.