Steele-Waseca Cooperative Electric

Steele-Waseca Cooperative Electric was formed on October 10, 1936, when Waseca Cooperative Electric and Steele County Cooperative Electric were merged into one organization with a combined membership of 860.

Since its beginning, the cooperative has grown steadily to its present membership of more than 8,000. A growing membership and increased loads created the need for power, lines and facilities. Today, SWCE has more than 1,900 miles of line and 16 substations for its 900-square-mile service territory.

Population

Total Population

123,134

Population
Growth Rate

0.14%

Median Age

39

Diversity Index

45.300

Source: ESRI, 2024-09-25

Housing & Income

Households

45,921

Total Housing Units

49,136


Owner Occupied

34,254

Renter Occupied

11,667

Vacant

3,215

Median Home Value

$305,626


Average Home Value

$342,538

Income
Growth Rate

Median
Household Income

0.00%


Per Capita Income

2.83%

Income Projection

Median Household

$81,429 $94,733


Average Household

$104,764 $120,253


Per Capita

$39,482 $45,400

Source: ESRI, 2024-09-25

Workforce

Total Businesses

4,472

Total Employed

63,016

Workers 16+

59,534

2024 Retail Trade Businesses

cp-industries

Businesses

552

Employed

8,109

2024 Manufacturing Businesses

cp-industries

Businesses

199

Employed

7,982

2024 HealthCare / Social Assistance

cp-industries

Businesses

428

Employed

7,229

2024 Educational Services - Businesses

cp-industries

Businesses

147

Employed

6,240

2024 Public Administration

cp-industries

Businesses

253

Employed

5,548

2024 Finance / Insurance Businesses

cp-industries

Businesses

250

Employed

4,707

Some
High School

3,500

Graduated
High School

22,659

Associates
Degree

10,504

Bachelor's
Degree

15,441

Graduate
Degree

8,469

Average Commute Time

0 min.



Resident Commuters

41,512

Non-Resident Commuters

17,664

Drive Alone

45,077

Carpooled

4,591

Public

303

Work At Home

6,044

Source: ESRI, 2024-09-25