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

Back To Top

Population

Population2000201020232028
Minnesota Valley Electric Cooperative212,655280,070328,378341,239

Source: ESRI, 2023-10-17

Population by Age

Population201020232028
0-421,13521,22422,542
5-923,81224,03024,412
10-1423,57226,02025,413
15-1919,19622,95222,477
20-2411,83416,61816,304
25-2916,14218,67618,554
30-3418,77719,33723,670
35-3921,01223,72724,168
40-4423,68024,50824,999
45-4925,48321,92123,682
50-5421,90323,31520,698
55-5916,83922,97121,357
60-6412,27820,13720,295
65-698,30715,84217,989
70-745,73911,72714,224
75-794,1867,3399,954
80-843,1014,2395,855
85+3,0743,7954,645
18+197,936242,143254,312
Median Age363839

Source: ESRI, 2023-10-17

Population by Race

Minnesota Valley Electric Cooperative2023
Total328,378.00
White Alone81.86
Black Alone3.16
American Indian Alone0.67
Asian Alone5.51
Pacific Islander Alone0.03
Some Other Race2.63
Two or More Races6.14
Hispanic Origin5.81
Diversity Index39.60

Source: ESRI, 2023-10-17

Growth Rate

Minnesota Valley Electric Cooperative2023 - 2028
Population0.77%
Households0.84%
Families0.80%
Median Household Income2%
Per Capita Income2%

Source: ESRI, 2023-10-17

Back To Top

Housing

Back To Top

Households

Population2000201020232028
Households75,116100,871119,025124,116
Housing Units77,810106,705124,975130,471
Owner Occupied Units100,884106,156
Renter Occupied Units18,14117,960
Vacant Units5,9506,355

Source: ESRI, 2023-10-17

Home Value

Minnesota Valley Electric Cooperative20232028
Median Home Value$411,387$437,315
Average Home Value$472,877$491,998
<$50,0002,114743
$50,000 - $99,999562128
$100,000 - $149,9991,391352
$150,000 - $199,9993,296503
$200,000 - $249,9996,8053,383
$250,000 - $299,9998,1206,465
$300,000 - $399,99925,67330,383
$400,000 - $499,99921,77029,800
$500,000 - $749,99921,91126,264
$1,000,000 +2,4601,906

Source: ESRI, 2023-10-17

Housing Year Built

Year RangeHouses Built
2010 or Later11,837
2000-200929,246
1990-199923,335
1980-198916,861
1970-197912,985
1960-19697,090
1950-19595,043
1940-19492,217
1939 or Before9,350

Source: ESRI, 2023-10-17

Back To Top

Income

Back To Top

Income

Minnesota Valley Electric Cooperative20232028
Median Household$109,616$123,167
Average Household$149,300$168,012
Per Capita$54,184$61,166

Source: ESRI, 2023-10-17

Household Income Base

Minnesota Valley Electric Cooperative2023
<$15,0003,349
$15,000 - $24,9995,019
$25,000 - $34,9995,241
$35,000 - $49,9998,461
$50,000 - $74,99916,454
$75,000 - $99,99914,601
$100,000 - $149,99923,883
$150,000 - $199,99917,324
$200,000+24,689

Source: ESRI, 2023-10-17

Back To Top

Employees

Back To Top

Commute

CategoryCommuters
Workers 16+171,093
In-County Residents91,122
Out-of-County Residents78,649
Drive Alone128,899
Carpooled10,829
Public Transport2,486
Work at Home24,940
Less than 5 minutes4,343
5-9 minutes14,083
10-14 minutes16,551
15-19 minutes18,463
20-24 minutes20,957
25-29 minutes13,855
30-34 minutes21,551
35-39 minutes6,978
40-44 minutes7,744
45-59 minutes13,423
60-89 minutes6,228
90+ minutes1,976
Average Travel Time0

Source: ESRI, 2023-10-17

Source: ESRI, 2023-10-17

Employees by NAICS

CategoryNumber
Total Employees134,711
Agr/Forestry/Fish/Hunt287
Mining8
Utilities221
Construction8,376
Manufacturing18,952
Wholesale Trade7,580
  
Retail Trade12,415
Motor Veh/Parts Dealers2,276
Furn & Home Furnish Str333
Electronics & Appl Store314
Bldg Matl/Garden Equip1,551
Food & Beverage Stores3,685
Health/Pers Care Stores628
Gasoline Stations135
Clothing/Accessory Store306
Sports/Hobby/Book/Music1,079
General Merchandise Str2,107
Misc Store Retailers0
Nonstore Retailers0
  
Transportation/Warehouse2,062
Information1,601
  
Finance & Insurance2,568
Cntrl Bank/Crdt Intrmdtn1,083
Sec/Cmdty Cntrct/Oth Inv672
Insur/Funds/Trusts/Other812
  
Real Estate/Rent/Leasing1,986
Prof/Scientific/Tech Srv7,412
Legal Services536
Mgmt of Comp/Enterprises76
Admin/Support/Waste Mgmt2,116
Educational Services13,135
HealthCare/Social Assist13,037
Arts/Entertainment/Rec18,293
  
Accommodation/Food Srvcs8,100
Accommodation595
Food Srv/Drinking Places7,505
  
Other Srv excl Pub Admin6,393
Auto Repair/Maintenance680
Public Administration Emp9,587

Source: ESRI, 2023-10-17

Educational Attainment (25+)

Minnesota Valley Electric Cooperative2023
Some High School3,920
Graduated High School36,646
Associates Degree27,673
Bachelor's Degree72,321
Graduate Degree33,410

Source: ESRI, 2023-10-17

Back To Top

Businesses

Back To Top

Businesses by NAICS

CategoryNumber
Total Businesses8,596
Agr/Forestry/Fish/Hunt Bus88
Mining Bus3
Utilities Bus12
Construction Bus911
Manufacturing Bus414
Wholesale Trade Bus314
  
Retail Trade Bus961
Motor Veh/Parts Dealers Bus143
Furn & Home Furnish Str Bus53
Electronics & Appl Store Bus41
Bldg Matl/Garden Equip Bus111
Food & Beverage Stores Bus178
Health/Pers Care Stores Bus80
Gasoline Stations Bus17
Clothing/Accessory Store Bus57
Sports/Hobby/Book/Music Bus187
General Merchandise Str Bus96
Misc Store Retailers Bus0
Nonstore Retailers Bus0
  
Transportation/Warehouse Bus171
Information Bus175
  
Finance & Insurance Bus479
Cntrl Bank/Crdt Intrmdtn Bus126
Sec/Cmdty Cntrct/Oth Inv Bus150
Insur/Funds/Trusts/Other Bus203
  
Real Estate/Rent/Leasing Bus378
Prof/Scientific/Tech Srv Bus731
Legal Services Bus95
Mgmt of Comp/Enterprises Bus15
Admin/Support/Waste Mgmt Bus334
Educational Services Bus288
HealthCare/Social Assist Bus712
Arts/Entertainment/Rec Bus280
  
Accommodation/Food Srvcs Bus501
Accommodation Bus45
Food Srv/Drinking Places Bus455
  
Other Srv excl Pub Admin Bus900
Auto Repair/Maintenance Bus162
Public Administration Bus298

Source: ESRI, 2023-10-17

Back To Top