Total Population
121,777
Population
Growth Rate
0.24%
Median Age
36
Diversity Index
36.000
Blue Earth-Nicollet Cooperative Electric Association (BENCO) was founded on May 11, 1936. The first recorded meeting took place on June 12, 1937, at Mankato City Hall. The first pole on the BENCO system was set on June 27, 1938, in Traverse Township, Nicollet County. The line was energized on September 16, 1938. Faribault County Cooperative Electric Association was founded in 1936.
These two cooperatives consolidated into Blue Earth-Nicollet-Faribault Cooperative Electric Association (Frost-BENCO Electric) on January 1, 1980. Wells Electric Cooperative was founded in July 1935. Frost-BENCO and Wells Electric cooperative merged in January 1, 1988 and become Frost-BENCO-Wells Electric. In 1998, Frost-BENCO-Wells Electric became a Touchstone Energy® partner and began doing business as BENCO Electric.
Total Population
121,777
Population
Growth Rate
0.24%
Median Age
36
Diversity Index
36.000
Households
48,271
Total Housing Units
52,215
Owner Occupied
31,703
Renter Occupied
16,568
Vacant
3,944
Median Home Value
$307,828
Average Home Value
$348,970
Income
Growth Rate
Median
Household Income
0.00%
Per Capita Income
2.34%
Median Household
$75,506 $82,390
Average Household
$103,234 $114,865
Per Capita
$41,540 $46,622
Total Businesses
5,094
Total Employed
68,646
Workers 16+
62,487
2026 HealthCare / Social Assistance
Businesses
553
Employed
11,454
2026 Manufacturing Businesses
Businesses
209
Employed
9,239
2026 Educational Services - Businesses
Businesses
158
Employed
8,680
2026 Retail Trade Businesses
Businesses
613
Employed
8,430
2026 Accommodation / Food Service
Businesses
304
Employed
5,450
2026 Food Service / Drinking Est.
Businesses
259
Employed
4,619
Some
High School
2,438
Graduated
High School
17,959
Associates
Degree
12,734
Bachelor's
Degree
17,910
Graduate
Degree
8,397
Average Commute Time
0 min.
Resident Commuters
43,247
Non-Resident Commuters
18,915
Drive Alone
46,210
Carpooled
5,903
Public
579
Work At Home
6,213
Cooperative electricity isn’t profit-driven, it’s people-driven. As an electric cooperative member-owner, you have a voice and a vote in how your electric provider serves you and your business. When you’re a cooperative member, you’re not just a number on a bill, you’re a member of a community. And by working with Great River Energy, you will be part of a nationwide alliance made of more than 600 local, consumer-owned electric cooperatives in 46 states. Touchstone Energy co-ops deliver power and energy solutions to more than 40 million members every day.

Tom Lambrecht
Manager, Economic Development Services
Great River Energy
763-445-6105
Email Tom