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Independence, MN

Full City Profile · Minnesota · Hennepin County County

3.9 /5.0
B+ Good
3,695 Population 114/sq mi density
$194,205 Median Income $94,243 per capita
$757,800 Home Value $770,525 Zillow
$3,500 Median Rent 50.0% income on rent
45°F Avg Temperature 258 sunny days/yr
22 Violent Crime/100K 736 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$194,205 median income, 0.0% unemployment
A
Affordability
4.5 / 5.0
$757,800 home value, $3,500/mo rent
F
Safety
1.0 / 5.0
22 violent crimes/100K
A+
Education
5.0 / 5.0
62.9% bachelor's degree or higher

Independence, MN

At a Glance

Median Income
$194,205
158% above
$94,243 per capita
Home Value
$757,800
169% above
Zillow: $770,525
Median Rent
$3,500/mo
201% above
50.0% of income on rent
Violent Crime
22/100K
94% below
736/100K property
Bachelor's Degree+
62.9%
87% above
96.9% high school+
Unemployment
0.0%
100% below
0.0% poverty rate
Obesity Rate
25.3%
21% below
10.4% smoking rate
Avg Temperature
45°F
258 sunny days/yr

How Independence Compares to the U.S. Average

Each bar shows Independence's value as a percentage of the national average (100% = U.S. avg)

Income
258%
Home Value
269%
Rent
301%
Poverty
0%
Bachelor's
187%
Unemployment
0%
Crime
6%
Thin vertical line = U.S. national average (100%)

Is Independence a Good Place to Live?

B+
3.9 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Independence residents earn a median household income of $194,205 , which is 158% above the national average of $75,149. Per capita income is $94,243. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 44,785 business establishments, including 3,018 restaurants.

Housing & Cost of Living

The median home value in Independence is $757,800 , 169% above the national median of $281,900. Zillow estimates the typical home at $770,525. Median rent is $3,500/month, with 50.0% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1987.

Safety & Crime

Independence reports 22 violent crimes per 100,000 residents , which is 94% below the national average of 380/100K. Property crime is 736/100K.

Education

62.9% of adults in Independence hold a bachelor's degree or higher (87% above the national average). 96.9% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

Independence has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. The area gets 258 sunny days per year. Air quality is rated Good with a median AQI of 36.

Data Overview

People

Population3,695
Median Age45.9 yrs
Density114/mi²
Male / Female53% / 47%
Foreign Born13.6%
Veterans4.6%

Economy

A+
Median Income$194,205
Per Capita$94,243
Unemployment0.0%
Poverty0.0%
County GDP$193,617M
Avg Weekly Wage$1,734

Housing

A
Home Value$757,800
Rent$3,500
Ownership91.6%
Zillow$770,525
Housing Units1,244
Rent Burden50.0%

Crime

F
Violent22/100K
Property736/100K

Health

Obesity25.3%
Diabetes6.2%
Smoking10.4%
Heart Disease4.3%
Premature Death6,600/100K

Climate

Avg Temp45°F
Sunny Days258/yr
AQI36 (Good)
Elevation949 ft

Education

A+
Bachelor's+62.9%
High School+96.9%
Graduate+19.7%
School Score6.2/10

Community

2024 VoteR 28% / D 70%
Commute26 min
Broadband91.3%
Internet Speed200 Mbps
EV Stations1
Libraries41

Did You Know?

The median home in Independence was built in 1987.
27.0% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (26 miles).
The Gini coefficient (income inequality) is 0.479 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
9.8% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 200 Mbps.
There are 3,018 restaurants in the area.
The county recorded 60 fatal vehicle crashes.