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Minnesota state Economy Profile

Official State Website URL- http://www.state.mn.us

QuickFacts


 Minnesota United States
StateMinnesota
Total population4,919,479 281,421,906
Male2,435,631138,053,563
Female2,483,848143,368,343
Median age (years)35.435.3
Total households1,895,127105,480,101
Median household income (dollars)47,11141,994

Minnesota state Economy

According to the statistics on employment by occupation in Minnesota, 20.9% of workers provide educational, health and social services. Seven point two one percent of people provide Arts, entertainment, recreation, accommodation and food services in Minnesota. The percentage of people involved into professional, scientific, management, administrative, and waste management services in Minnesota is as follows: eight point eight percent.

In Minnesota government workers account for 12.36% of workers. 80.4% of workers comprise private wage and salary workers. Median household income in Minnesota is equal to $47,111 while median family income is fifty-six thousand, eight hundred and seventy-four dollars. The earnings of male full-time, year-round workers, in Minnesota are thirty-nine thousand, three hundred and sixty-four dollars. The amount of earnings of female full-time, year-round workers reaches $28,708.

0.0 of families in Minnesota are below poverty line (total population in Minnesota is four million, nine hundred and nineteen thousand, four hundred and seventy-nine). There are thirty-one thousand, two hundred and thirty-three families with female householder, no husband present. The median age of a Minnesota resident is thirty-five point four years old.

 Minnesota %, Minnesota United States
Population 16 years and over3,781,756  217,168,077
In labor force2,691,709 71.18%63.92%
- Civilian labor force2,689,115 71.11%63.39%
- - Employed2,580,046 68.22%59.73%
- - Unemployed109,069 2.88%3.66%
- - - Percent of civilian labor force4.1  5.8
- Armed Forces2,594 0.07%0.53%
Not in labor force1,090,047 28.82%36.08%
 
Females 16 years and over1,931,097 51.06%51.66%
In labor force1,275,413 33.73%29.72%
- Civilian labor force1,275,090 33.72%29.65%
- - Employed1,231,124 32.55%27.92%
 
Own children under 6 years384,991 10.18%10.05%
All parents in family in labor force264,979  12,787,501
 
COMMUTING TO WORK
Workers 16 years and over2,541,611  128,279,228
Car, truck, or van -- drove alone1,971,668 77.58%75.7%
Car, truck, or van -- carpooled264,690 10.41%12.19%
Public transportation (including taxicab)81,276 3.2%4.73%
Walked84,148 3.31%2.93%
Other means23,175 0.91%1.19%
Worked at home116,654 4.59%3.26%
Mean travel time to work (minutes)21.9  25.5
 
Employed civilian population 16 years and over2,580,046  129,721,512
 
OCCUPATION
Management, professional, and related occupations923,768 35.8%33.65%
Service occupations354,147 13.73%14.86%
Sales and office occupations683,389 26.49%26.69%
Farming, fishing, and forestry occupations17,674 0.69%0.73%
Construction, extraction, and maintenance occupations217,294 8.42%9.45%
Production, transportation, and material moving occupations383,774 14.87%14.62%
 
INDUSTRY
Agriculture, forestry, fishing and hunting, and mining67,883 2.63%1.87%
Construction153,267 5.94%6.78%
Manufacturing419,271 16.25%14.1%
Wholesale trade92,854 3.6%3.6%
Retail trade307,714 11.93%11.73%
Transportation and warehousing, and utilities131,683 5.1%5.2%
Information65,460 2.54%3.08%
Finance, insurance, real estate, and rental and leasing184,874 7.17%6.89%
Professional, scientific, management, administrative, and waste management services227,064 8.8%9.3%
Educational, health and social services539,111 20.9%19.92%
Arts, entertainment, recreation, accommodation and food services186,001 7.21%7.87%
Other services (except public administration)118,322 4.59%4.87%
Public administration86,542 3.35%4.79%
 
CLASS OF WORKER
Private wage and salary workers2,074,432 80.4%78.47%
Government workers318,932 12.36%14.59%
Self-employed workers in own not incorporated business178,586 6.92%6.63%
Unpaid family workers8,096 0.31%0.31%
 Minnesota %, Minnesota United States
INCOME IN 1999
Households1,896,209  105,539,122
Less than $10,000127,955 6.75%9.54%
$10,000 to $14,999102,205 5.39%6.31%
$15,000 to $24,999216,089 11.4%12.83%
$25,000 to $34,999234,300 12.36%12.81%
$35,000 to $49,999322,529 17.01%16.53%
$50,000 to $74,999424,867 22.41%19.46%
$75,000 to $99,999228,834 12.07%10.23%
$100,000 to $149,999156,565 8.26%7.72%
$150,000 to $199,99940,734 2.15%2.2%
$200,000 or more42,131 2.22%2.37%
Median household income (dollars)47,111  41,994
With earnings1,580,573 41.79%39.12%
- Mean earnings (dollars)59,189  56,604
With Social Security income453,443 11.99%12.47%
- Mean Social Security income (dollars)11,471  11,320
With Supplemental Security Income54,348 1.44%2.13%
- Mean Supplemental Security Income (dollars)6,501  6,320
With public assistance income65,144 1.72%1.67%
- Mean public assistance income (dollars)3,094  3,032
With retirement income260,169 6.88%8.13%
- Mean retirement income (dollars)17,034  17,376
 
Families1,262,953  72,261,780
Less than $10,00039,374 3.12%5.75%
$10,000 to $14,99935,957 2.85%4.31%
$15,000 to $24,999103,126 8.17%10.74%
$25,000 to $34,999132,108 10.46%12.02%
$35,000 to $49,999215,891 17.09%17.13%
$50,000 to $74,999334,735 26.5%22.32%
$75,000 to $99,999193,868 15.35%12.47%
$100,000 to $149,999136,084 10.78%9.6%
$150,000 to $199,99935,640 2.82%2.75%
$200,000 or more36,170 2.86%2.92%
Median family income (dollars)56,874  50,046
 
Per capita income (dollars)23,198  21,587
Median earnings (dollars):
Male full-time, year-round workers39,364  37,057
Female full-time, year-round workers28,708  27,194
 
POVERTY STATUS IN 1999 (below poverty level)
Families64,181  6,620,945
With related children under 18 years49,818 77.62%77.87%
- With related children under 5 years25,426 39.62%38.7%
 
Families with female householder, no husband present31,233  3,315,916
With related children under 18 years28,878 92.46%88.68%
- With related children under 5 years14,824 47.46%42.27%
 
Individuals380,476  33,899,812
18 years and over258,785 68.02%65.35%
- 65 years and over45,405 11.93%9.7%
Related children under 18 years115,441 30.34%33.59%
- Related children 5 to 17 years81,089 21.31%23.52%
Unrelated individuals 15 years and over160,379 42.15%31.63%
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The data is taken from www.census.gov reports.