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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
Income Overview
Median Household Income
$194,205
158% above
US avg: $75,149
Per Capita Income
$94,243
141% above
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%
Income Comparison: Independence vs. U.S. Average
Each bar shows Independence’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$194,205
258%
Per Capita
US: $39,052
$94,243
241%
IRS Avg AGI
US: $72,000
$115,538
160%
Avg Weekly Wage
US: $1,432
$1,734
121%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,734
21% above US avg ($1,432)
Mean Commute Time
26 min
5% below US avg (28 min)
Work From Home
27.0%
78% above US avg (15.2%)
Drive Alone
60.1%
18% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$193,617M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
60.1%
Public Transit
0%
Work From Home
27%
Other
12.9%
Average commute time
26 minutes
US avg: 28 min
Business Landscape
Total Establishments
44,785
Restaurants
3,018
Healthcare
5,330
Retail
3,721
Manufacturing
1,443
Tax & Financial
IRS Avg Adjusted Gross Income
$115,538
60% above US avg ($72,000)
Avg Property Tax
$7,736
121% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $194,205 |
| Per Capita Income | $94,243 |
| IRS Avg Adjusted Gross Income | $115,538 |
| Avg Weekly Wage | $1,734 |
| County GDP | $193,617M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.479 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 26 minutes |
| Drive Alone | 60.1% |
| Public Transit | 0.0% |
| Work From Home | 27.0% |
Businesses
| Total Establishments | 44,785 |
| Restaurants | 3,018 |
| Healthcare | 5,330 |
| Retail | 3,721 |
| Manufacturing | 1,443 |
Tax
| IRS Avg AGI | $115,538 |
| Avg Property Tax | $7,736 |