Minnesota Valley Electric Cooperative

Minnesota Valley Electric Cooperative (MVEC), incorporated in 1937, is a proud provider of local energy. In a day and age of ever-changing technology, MVEC can assure its members that they will continue to bring power where no one else would at a level of service no one else can deliver.

The cooperative works diligently to provide reliable, quality power at a reasonable price. And, because it is a not-for-profit organization, MVEC sells electricity to its member-owners at cost.

Population

Total Population

328,378

Population
Growth Rate

0.77%

Median Age

38

Diversity Index

39.600

Housing & Income

Households

119,025

Total Housing Units

124,975


Owner Occupied

100,884

Renter Occupied

18,141

Vacant

5,950

Median Home Value

$411,387


Average Home Value

$472,877

Income
Growth Rate

Median
Household Income

0.00%


Per Capita Income

2.45%

Income Projection

Median Household

$109,616 $123,167


Average Household

$149,300 $168,012


Per Capita

$54,184 $61,166

Workforce

Total Businesses

8,596

Total Employed

134,711

Workers 16+

171,093

2023 Manufacturing Businesses

cp-industries

Businesses

414

Employed

18,952

2023 Arts / Entertainment / Rec

cp-industries

Businesses

280

Employed

18,293

2023 Educational Services - Businesses

cp-industries

Businesses

288

Employed

13,135

2023 HealthCare / Social Assistance

cp-industries

Businesses

712

Employed

13,037

2023 Retail Trade Businesses

cp-industries

Businesses

961

Employed

12,415

2023 Public Administration

cp-industries

Businesses

298

Employed

9,587

Some
High School

3,920

Graduated
High School

36,646

Associates
Degree

27,673

Bachelor's
Degree

72,321

Graduate
Degree

33,410

Average Commute Time

0 min.



Resident Commuters

91,122

Non-Resident Commuters

78,649

Drive Alone

128,899

Carpooled

10,829

Public

2,486

Work At Home

24,940