Minnesota Economic Overview
Key economic indicators for Minnesota (MN). Population: 5,706,494.
Unemployment Rate
2.8%
Below national avg (~4.2%)
Median Annual Wage
$60,000
Source: Census ACS / BLS
Wage Growth (YoY)
+2.8%
Year-over-year change
Population
5.7M
Source: 2020 Census
About the Minnesota Economy
Minnesota has an unemployment rate of 2.8%, which is below the national average. The median annual wage is $60,000, with wages growing at 2.8% year-over-year. With a population of 5,706,494, Minnesota is the a mid-size state economy in the U.S.