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
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Population
| Population | 2000 | 2010 | 2024 | 2029 |
|---|---|---|---|---|
| Minnesota Valley Electric Cooperative | 211,729 | 279,229 | 331,003 | 347,344 |
Source: ESRI, 2024-09-25
Population by Age
| Population | 2024 |
|---|---|
| 0-4 | 20,127 |
| 5-9 | 23,597 |
| 10-14 | 24,750 |
| 15-19 | 23,508 |
| 20-24 | 18,784 |
| 25-29 | 15,383 |
| 30-34 | 18,622 |
| 35-39 | 23,012 |
| 40-44 | 25,297 |
| 45-49 | 22,648 |
| 50-54 | 22,838 |
| 55-59 | 22,012 |
| 60-64 | 21,510 |
| 65-69 | 17,516 |
| 70-74 | 12,394 |
| 75-79 | 8,859 |
| 80-84 | 5,385 |
| 85+ | 4,762 |
| 18+ | 247,766 |
| Median Age | 40 |
Source: ESRI, 2024-09-25
Population by Race
| Minnesota Valley Electric Cooperative | 2024 |
|---|---|
| Total | 331,003.00 |
| White Alone | 81.18% |
| Black Alone | 3.58% |
| American Indian Alone | 0.68% |
| Asian Alone | 5.66% |
| Pacific Islander Alone | 0.04% |
| Some Other Race | 2.68% |
| Two or More Races | 6.18% |
| Hispanic Origin | 5.87% |
| Diversity Index | 40.60 |
Source: ESRI, 2024-09-25
Growth Rate
| Minnesota Valley Electric Cooperative | 2024 - 2029 |
|---|---|
| Population | 0.97% |
| Households | 1.07% |
| Families | 1.04% |
| Median Household Income | 2% |
| Per Capita Income | 2% |
Source: ESRI, 2024-09-25
Housing
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Households
| Population | 2000 | 2010 | 2024 | 2029 |
|---|---|---|---|---|
| Households | 74,744 | 100,521 | 120,044 | 126,628 |
| Housing Units | 77,398 | 106,320 | 126,027 | 133,346 |
| Owner Occupied Units | 98,042 | 103,217 | ||
| Renter Occupied Units | 22,002 | 23,411 | ||
| Vacant Units | 5,983 | 6,718 |
Source: ESRI, 2024-09-25
Home Value
| Minnesota Valley Electric Cooperative | 2024 | 2029 |
|---|---|---|
| Median Home Value | $456,345 | $492,377 |
| Average Home Value | $534,786 | $576,547 |
| <$50,000 | 1,429 | 814 |
| $50,000 - $99,999 | 596 | 220 |
| $100,000 - $149,999 | 855 | 314 |
| $150,000 - $199,999 | 1,885 | 724 |
| $200,000 - $249,999 | 4,670 | 2,169 |
| $250,000 - $299,999 | 5,877 | 4,093 |
| $300,000 - $399,999 | 22,130 | 21,090 |
| $400,000 - $499,999 | 20,550 | 24,014 |
| $500,000 - $749,999 | 27,448 | 34,809 |
| $1,000,000 + | 3,090 | 3,528 |
Source: ESRI, 2024-09-25
Housing Year Built
| Year Range | Houses Built |
|---|---|
| 2010 or Later | 12,824 |
| 2000-2009 | 29,608 |
| 1990-1999 | 23,363 |
| 1980-1989 | 16,844 |
| 1970-1979 | 13,412 |
| 1960-1969 | 6,785 |
| 1950-1959 | 4,778 |
| 1940-1949 | 2,198 |
| 1939 or Before | 8,931 |
Source: ESRI, 2024-09-25
Back To TopIncome
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Income
| Minnesota Valley Electric Cooperative | 2024 | 2029 |
|---|---|---|
| Median Household | $118,634 | $133,929 |
| Average Household | $157,541 | $177,177 |
| Per Capita | $57,210 | $64,660 |
Source: ESRI, 2024-09-25
Household Income
| Minnesota Valley Electric Cooperative | 2024 |
|---|---|
| <$15,000 | 4,716 |
| $15,000 - $24,999 | 3,741 |
| $25,000 - $34,999 | 4,420 |
| $35,000 - $49,999 | 6,759 |
| $50,000 - $74,999 | 14,164 |
| $75,000 - $99,999 | 13,963 |
| $100,000 - $149,999 | 25,773 |
| $150,000 - $199,999 | 18,171 |
| $200,000+ | 28,334 |
Source: ESRI, 2024-09-25
Back To TopEmployees
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Commute
| Category | Commuters |
|---|---|
| Workers 16+ | 171,515 |
| In-County Residents | 95,260 |
| Out-of-County Residents | 75,121 |
| Drive Alone | 124,342 |
| Carpooled | 10,681 |
| Public Transport | 2,065 |
| Work at Home | 30,653 |
| Motorcycle | 71 |
| Bicycle | 382 |
| Walked | 1,752 |
| Other | 1,513 |
| Less than 5 minutes | 4,386 |
| 5-9 minutes | 13,898 |
| 10-14 minutes | 16,384 |
| 15-19 minutes | 18,646 |
| 20-24 minutes | 19,631 |
| 25-29 minutes | 12,893 |
| 30-34 minutes | 21,887 |
| 35-39 minutes | 6,797 |
| 40-44 minutes | 7,086 |
| 45-59 minutes | 12,106 |
| 60-89 minutes | 5,308 |
| 90+ minutes | 1,839 |
| Average Travel Time | 0 |
Source: ESRI, 2024-09-25
Source: ESRI, 2024-09-25
Employees by NAICS
| Category | Number |
|---|---|
| Total Employees | 136,984 |
| Agr/Forestry/Fish/Hunt | 276 |
| Mining | 25 |
| Utilities | 238 |
| Construction | 8,251 |
| Manufacturing | 21,146 |
| Wholesale Trade | 6,054 |
| Retail Trade | 11,397 |
| Motor Veh/Parts Dealers | 1,247 |
| Furn & Home Furnish Str | 324 |
| Electronics & Appl Store | 222 |
| Bldg Matl/Garden Equip | 1,575 |
| Food & Beverage Stores | 3,799 |
| Health/Pers Care Stores | 647 |
| Gasoline Stations | 169 |
| Clothing/Accessory Store | 293 |
| Sports/Hobby/Book/Music | 1,019 |
| General Merchandise Str | 2,101 |
| Transportation/Warehouse | 2,117 |
| Information | 1,612 |
| Finance & Insurance | 2,973 |
| Cntrl Bank/Crdt Intrmdtn | 1,149 |
| Sec/Cmdty Cntrct/Oth Inv | 723 |
| Insur/Funds/Trusts/Other | 1,101 |
| Real Estate/Rent/Leasing | 1,983 |
| Prof/Scientific/Tech Srv | 7,925 |
| Legal Services | 626 |
| Mgmt of Comp/Enterprises | 98 |
| Admin/Support/Waste Mgmt | 3,139 |
| Educational Services | 12,859 |
| HealthCare/Social Assist | 13,631 |
| Arts/Entertainment/Rec | 18,136 |
| Accommodation/Food Srvcs | 7,930 |
| Accommodation | 488 |
| Food Srv/Drinking Places | 7,441 |
| Other Srv excl Pub Admin | 7,248 |
| Auto Repair/Maintenance | 718 |
| Public Administration Emp | 9,405 |
Source: ESRI, 2024-09-25
Educational Attainment (25+)
| Minnesota Valley Electric Cooperative | 2024 |
|---|---|
| <9th Grade | 3,442 |
| Some High School | 4,346 |
| GED | 5,060 |
| Graduated High School | 37,816 |
| Some College/No Degree | 34,725 |
| Associates Degree | 28,711 |
| Bachelor's Degree | 70,567 |
| Graduate Degree | 35,570 |
Source: ESRI, 2024-09-25
Back To TopBusinesses
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Businesses by NAICS
| Category | Number |
|---|---|
| Total Businesses | 8,815 |
| Agr/Forestry/Fish/Hunt Bus | 92 |
| Mining Bus | 4 |
| Utilities Bus | 14 |
| Construction Bus | 916 |
| Manufacturing Bus | 432 |
| Wholesale Trade Bus | 316 |
| Retail Trade Bus | 968 |
| Motor Veh/Parts Dealers Bus | 137 |
| Furn & Home Furnish Str Bus | 56 |
| Electronics & Appl Store Bus | 44 |
| Bldg Matl/Garden Equip Bus | 110 |
| Food & Beverage Stores Bus | 179 |
| Health/Pers Care Stores Bus | 83 |
| Gasoline Stations Bus | 23 |
| Clothing/Accessory Store Bus | 54 |
| Sports/Hobby/Book/Music Bus | 191 |
| General Merchandise Str Bus | 92 |
| Transportation/Warehouse Bus | 179 |
| Information Bus | 169 |
| Finance & Insurance Bus | 497 |
| Cntrl Bank/Crdt Intrmdtn Bus | 130 |
| Sec/Cmdty Cntrct/Oth Inv Bus | 164 |
| Insur/Funds/Trusts/Other Bus | 202 |
| Real Estate/Rent/Leasing Bus | 383 |
| Prof/Scientific/Tech Srv Bus | 755 |
| Legal Services Bus | 94 |
| Mgmt of Comp/Enterprises Bus | 16 |
| Admin/Support/Waste Mgmt Bus | 343 |
| Educational Services Bus | 280 |
| HealthCare/Social Assist Bus | 786 |
| Arts/Entertainment/Rec Bus | 277 |
| Accommodation/Food Srvcs Bus | 513 |
| Accommodation Bus | 46 |
| Food Srv/Drinking Places Bus | 467 |
| Other Srv excl Pub Admin Bus | 1,055 |
| Auto Repair/Maintenance Bus | 167 |
| Public Administration Bus | 294 |
Source: ESRI, 2024-09-25
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