State Demographics

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.

Minnesota Valley Electric Cooperative

Population

Total Population

321,260

Population
Growth Rate

1.27%

Median Age

38

Diversity Index

32.500

Housing & Income

Households

115,212

Total Housing Units

120,941


Owner Occupied

97,162

Renter Occupied

18,049

Vacant

5,729

Median Home Value

$358,517


Average Home Value

$414,945

Income
Growth Rate

Median
Household Income

1.22%


Per Capita Income

2.00%

Income Projection

Median Household

$104,870 $113,239


Average Household

$134,485 $148,791


Per Capita

$48,267 $53,297

Workforce

Total Businesses

8,555

Total Employed

130,400

Workers 16+

165,832

2021 Arts/Entertainment/Rec

cp-industries

Businesses

261

Employed

18,049

2021 Manufacturing Businesses

cp-industries

Businesses

403

Employed

15,658

2021 HealthCare/Social Assist

cp-industries

Businesses

682

Employed

13,109

2021 Retail Trade Businesses

cp-industries

Businesses

1,054

Employed

12,709

2021 Educational Services - Businesses

cp-industries

Businesses

279

Employed

12,504

2021 Prof/Scientific/Tech Service

cp-industries

Businesses

739

Employed

8,926

Some
High School

4,686

Graduated
High School

37,947

Associates
Degree

24,779

Bachelor's
Degree

69,616

Graduate
Degree

31,594

Average Commute Time

0 min.



Resident Commuters

79,876

Non-Resident Commuters

84,658

Drive Alone

135,943

Carpooled

11,130

Public

3,214

Work At Home

12,225