Minnesota Valley Electric Cooperative

Minnesota Valley Electric Cooperative Main Photo

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

333,023

Population
Growth Rate

0.73%

Median Age

40

Diversity Index

41.000

Source: ESRI, 2025-08-25

Housing & Income

Households

122,023

Total Housing Units

127,930


Owner Occupied

99,479

Renter Occupied

22,544

Vacant

5,907

Median Home Value

$474,526


Average Home Value

$546,656

Income
Growth Rate

Median
Household Income

0.00%


Per Capita Income

1.81%

Income Projection

Median Household

$121,240 $137,147


Average Household

$160,090 $173,706


Per Capita

$58,763 $64,291

Source: ESRI, 2025-08-25

Workforce

Total Businesses

8,867

Total Employed

126,867

Workers 16+

174,356

2025 Manufacturing Businesses

cp-industries

Businesses

439

Employed

19,679

2025 HealthCare / Social Assistance

cp-industries

Businesses

814

Employed

14,396

2025 Arts / Entertainment / Rec

cp-industries

Businesses

276

Employed

12,698

2025 Educational Services - Businesses

cp-industries

Businesses

291

Employed

12,561

2025 Retail Trade Businesses

cp-industries

Businesses

968

Employed

10,822

2025 Public Administration

cp-industries

Businesses

296

Employed

9,139

Some
High School

4,274

Graduated
High School

38,398

Associates
Degree

28,989

Bachelor's
Degree

72,926

Graduate
Degree

35,737

Average Commute Time

0 min.



Resident Commuters

99,606

Non-Resident Commuters

73,642

Drive Alone

122,447

Carpooled

10,474

Public

1,560

Work At Home

35,706

Source: ESRI, 2025-08-25