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
Back To Top
Back To Top
Population
| Population | 2000 | 2010 | 2023 | 2028 |
|---|---|---|---|---|
| Minnesota Valley Electric Cooperative | 212,655 | 280,070 | 328,378 | 341,239 |
Source: ESRI, 2023-10-17
Population by Age
| Population | 2023 |
|---|---|
| 0-4 | 21,224 |
| 5-9 | 24,030 |
| 10-14 | 26,020 |
| 15-19 | 22,952 |
| 20-24 | 16,618 |
| 25-29 | 18,676 |
| 30-34 | 19,337 |
| 35-39 | 23,727 |
| 40-44 | 24,508 |
| 45-49 | 21,921 |
| 50-54 | 23,315 |
| 55-59 | 22,971 |
| 60-64 | 20,137 |
| 65-69 | 15,842 |
| 70-74 | 11,727 |
| 75-79 | 7,339 |
| 80-84 | 4,239 |
| 85+ | 3,795 |
| 18+ | 242,143 |
| Median Age | 38 |
Source: ESRI, 2023-10-17
Population by Race
| Minnesota Valley Electric Cooperative | 2023 |
|---|---|
| Total | 328,378.00 |
| White Alone | 81.86% |
| Black Alone | 3.16% |
| American Indian Alone | 0.67% |
| Asian Alone | 5.51% |
| Pacific Islander Alone | 0.03% |
| Some Other Race | 2.63% |
| Two or More Races | 6.14% |
| Hispanic Origin | 5.81% |
| Diversity Index | 39.60 |
Source: ESRI, 2023-10-17
Growth Rate
| Minnesota Valley Electric Cooperative | 2023 - 2028 |
|---|---|
| Population | 0.77% |
| Households | 0.84% |
| Families | 0.80% |
| Median Household Income | 2% |
| Per Capita Income | 2% |
Source: ESRI, 2023-10-17
Housing
Back To Top
Households
| Population | 2000 | 2010 | 2023 | 2028 |
|---|---|---|---|---|
| Households | 75,116 | 100,871 | 119,025 | 124,116 |
| Housing Units | 77,810 | 106,705 | 124,975 | 130,471 |
| Owner Occupied Units | 100,884 | 106,156 | ||
| Renter Occupied Units | 18,141 | 17,960 | ||
| Vacant Units | 5,950 | 6,355 |
Source: ESRI, 2023-10-17
Home Value
| Minnesota Valley Electric Cooperative | 2023 | 2028 |
|---|---|---|
| Median Home Value | $411,387 | $437,315 |
| Average Home Value | $472,877 | $491,998 |
| <$50,000 | 2,114 | 743 |
| $50,000 - $99,999 | 562 | 128 |
| $100,000 - $149,999 | 1,391 | 352 |
| $150,000 - $199,999 | 3,296 | 503 |
| $200,000 - $249,999 | 6,805 | 3,383 |
| $250,000 - $299,999 | 8,120 | 6,465 |
| $300,000 - $399,999 | 25,673 | 30,383 |
| $400,000 - $499,999 | 21,770 | 29,800 |
| $500,000 - $749,999 | 21,911 | 26,264 |
| $1,000,000 + | 2,460 | 1,906 |
Source: ESRI, 2023-10-17
Housing Year Built
| Year Range | Houses Built |
|---|---|
| 2010 or Later | 11,837 |
| 2000-2009 | 29,246 |
| 1990-1999 | 23,335 |
| 1980-1989 | 16,861 |
| 1970-1979 | 12,985 |
| 1960-1969 | 7,090 |
| 1950-1959 | 5,043 |
| 1940-1949 | 2,217 |
| 1939 or Before | 9,350 |
Source: ESRI, 2023-10-17
Back To TopIncome
Back To Top
Income
| Minnesota Valley Electric Cooperative | 2023 | 2028 |
|---|---|---|
| Median Household | $109,616 | $123,167 |
| Average Household | $149,300 | $168,012 |
| Per Capita | $54,184 | $61,166 |
Source: ESRI, 2023-10-17
Household Income
| Minnesota Valley Electric Cooperative | 2023 |
|---|---|
| <$15,000 | 3,349 |
| $15,000 - $24,999 | 5,019 |
| $25,000 - $34,999 | 5,241 |
| $35,000 - $49,999 | 8,461 |
| $50,000 - $74,999 | 16,454 |
| $75,000 - $99,999 | 14,601 |
| $100,000 - $149,999 | 23,883 |
| $150,000 - $199,999 | 17,324 |
| $200,000+ | 24,689 |
Source: ESRI, 2023-10-17
Back To TopEmployees
Back To Top
Commute
| Category | Commuters |
|---|---|
| Workers 16+ | 171,093 |
| In-County Residents | 91,122 |
| Out-of-County Residents | 78,649 |
| Drive Alone | 128,899 |
| Carpooled | 10,829 |
| Public Transport | 2,486 |
| Work at Home | 24,940 |
| Motorcycle | 81 |
| Bicycle | 352 |
| Walked | 1,847 |
| Other | 1,569 |
| Less than 5 minutes | 4,343 |
| 5-9 minutes | 14,083 |
| 10-14 minutes | 16,551 |
| 15-19 minutes | 18,463 |
| 20-24 minutes | 20,957 |
| 25-29 minutes | 13,855 |
| 30-34 minutes | 21,551 |
| 35-39 minutes | 6,978 |
| 40-44 minutes | 7,744 |
| 45-59 minutes | 13,423 |
| 60-89 minutes | 6,228 |
| 90+ minutes | 1,976 |
| Average Travel Time | 0 |
Source: ESRI, 2023-10-17
Source: ESRI, 2023-10-17
Employees by NAICS
| Category | Number |
|---|---|
| Total Employees | 134,711 |
| Agr/Forestry/Fish/Hunt | 287 |
| Mining | 8 |
| Utilities | 221 |
| Construction | 8,376 |
| Manufacturing | 18,952 |
| Wholesale Trade | 7,580 |
| Retail Trade | 12,415 |
| Motor Veh/Parts Dealers | 2,276 |
| Furn & Home Furnish Str | 333 |
| Electronics & Appl Store | 314 |
| Bldg Matl/Garden Equip | 1,551 |
| Food & Beverage Stores | 3,685 |
| Health/Pers Care Stores | 628 |
| Gasoline Stations | 135 |
| Clothing/Accessory Store | 306 |
| Sports/Hobby/Book/Music | 1,079 |
| General Merchandise Str | 2,107 |
| Transportation/Warehouse | 2,062 |
| Information | 1,601 |
| Finance & Insurance | 2,568 |
| Cntrl Bank/Crdt Intrmdtn | 1,083 |
| Sec/Cmdty Cntrct/Oth Inv | 672 |
| Insur/Funds/Trusts/Other | 812 |
| Real Estate/Rent/Leasing | 1,986 |
| Prof/Scientific/Tech Srv | 7,412 |
| Legal Services | 536 |
| Mgmt of Comp/Enterprises | 76 |
| Admin/Support/Waste Mgmt | 2,116 |
| Educational Services | 13,135 |
| HealthCare/Social Assist | 13,037 |
| Arts/Entertainment/Rec | 18,293 |
| Accommodation/Food Srvcs | 8,100 |
| Accommodation | 595 |
| Food Srv/Drinking Places | 7,505 |
| Other Srv excl Pub Admin | 6,393 |
| Auto Repair/Maintenance | 680 |
| Public Administration Emp | 9,587 |
Source: ESRI, 2023-10-17
Educational Attainment (25+)
| Minnesota Valley Electric Cooperative | 2023 |
|---|---|
| <9th Grade | 3,235 |
| Some High School | 3,920 |
| GED | 5,112 |
| Graduated High School | 36,646 |
| Some College/No Degree | 35,217 |
| Associates Degree | 27,673 |
| Bachelor's Degree | 72,321 |
| Graduate Degree | 33,410 |
Source: ESRI, 2023-10-17
Back To TopBusinesses
Back To Top
Businesses by NAICS
| Category | Number |
|---|---|
| Total Businesses | 8,596 |
| Agr/Forestry/Fish/Hunt Bus | 88 |
| Mining Bus | 3 |
| Utilities Bus | 12 |
| Construction Bus | 911 |
| Manufacturing Bus | 414 |
| Wholesale Trade Bus | 314 |
| Retail Trade Bus | 961 |
| Motor Veh/Parts Dealers Bus | 143 |
| Furn & Home Furnish Str Bus | 53 |
| Electronics & Appl Store Bus | 41 |
| Bldg Matl/Garden Equip Bus | 111 |
| Food & Beverage Stores Bus | 178 |
| Health/Pers Care Stores Bus | 80 |
| Gasoline Stations Bus | 17 |
| Clothing/Accessory Store Bus | 57 |
| Sports/Hobby/Book/Music Bus | 187 |
| General Merchandise Str Bus | 96 |
| Transportation/Warehouse Bus | 171 |
| Information Bus | 175 |
| Finance & Insurance Bus | 479 |
| Cntrl Bank/Crdt Intrmdtn Bus | 126 |
| Sec/Cmdty Cntrct/Oth Inv Bus | 150 |
| Insur/Funds/Trusts/Other Bus | 203 |
| Real Estate/Rent/Leasing Bus | 378 |
| Prof/Scientific/Tech Srv Bus | 731 |
| Legal Services Bus | 95 |
| Mgmt of Comp/Enterprises Bus | 15 |
| Admin/Support/Waste Mgmt Bus | 334 |
| Educational Services Bus | 288 |
| HealthCare/Social Assist Bus | 712 |
| Arts/Entertainment/Rec Bus | 280 |
| Accommodation/Food Srvcs Bus | 501 |
| Accommodation Bus | 45 |
| Food Srv/Drinking Places Bus | 455 |
| Other Srv excl Pub Admin Bus | 900 |
| Auto Repair/Maintenance Bus | 162 |
| Public Administration Bus | 298 |
Source: ESRI, 2023-10-17
Back To Top
Tom Lambrecht