Minnesota Valley Electric Cooperative

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

338,061

Population
Growth Rate

0.78%

Median Age

40

Diversity Index

41.600

Source: ESRI, 2026-08-31

Housing & Income

Households

124,311

Total Housing Units

131,108


Owner Occupied

100,775

Renter Occupied

23,536

Vacant

6,797

Median Home Value

$479,507


Average Home Value

$552,265

Income
Growth Rate

Median
Household Income

0.00%


Per Capita Income

2.36%

Income Projection

Median Household

$130,756 $151,151


Average Household

$170,315 $189,791


Per Capita

$62,875 $70,661

Source: ESRI, 2026-08-31

Workforce

Total Businesses

9,004

Total Employed

121,643

Workers 16+

176,336

2026 Manufacturing Businesses

cp-industries

Businesses

440

Employed

19,595

2026 HealthCare / Social Assistance

cp-industries

Businesses

814

Employed

13,379

2026 Educational Services - Businesses

cp-industries

Businesses

297

Employed

11,848

2026 Retail Trade Businesses

cp-industries

Businesses

984

Employed

10,506

2026 Arts / Entertainment / Rec

cp-industries

Businesses

285

Employed

9,111

2026 Public Administration

cp-industries

Businesses

295

Employed

8,746

Some
High School

4,838

Graduated
High School

38,354

Associates
Degree

30,512

Bachelor's
Degree

73,920

Graduate
Degree

35,815

Average Commute Time

0 min.



Resident Commuters

102,387

Non-Resident Commuters

72,996

Drive Alone

120,507

Carpooled

10,796

Public

1,331

Work At Home

39,133

Source: ESRI, 2026-08-31