Market insights · Minnesota
Dakota County, MN: growth, migration and housing
Dakota County has 457,710 residents, up 3.9% since 2020 (+0.9% in the last year). In 2022–2023, 14,437 households moved in and 13,745 moved out (+692 net), bringing in a net $64.9M of income. Median household income is $106,318, the median home $381,000 and median rent $1,548 a month.
In Minnesota: 15th of 87 counties for 5-year population growth · 8th of 87 counties for net in-migration (per resident) · 5th of 87 counties for median household income · 5th of 87 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Dakota County, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Hennepin County, MN | 3,836 | $364.0M |
| Ramsey County, MN | 2,401 | $151.4M |
| Scott County, MN | 964 | $74.6M |
| Washington County, MN | 925 | $62.8M |
| Anoka County, MN | 368 | $20.9M |
| Rice County, MN | 325 | $31.6M |
| Olmsted County, MN | 197 | $14.7M |
| Goodhue County, MN | 148 | $9.6M |
Where leavers went
Top counties by households leaving Dakota County, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Hennepin County, MN | 3,217 | $202.7M |
| Ramsey County, MN | 1,782 | $90.6M |
| Scott County, MN | 1,022 | $98.5M |
| Washington County, MN | 996 | $77.7M |
| Anoka County, MN | 410 | $26.1M |
| Rice County, MN | 297 | $22.2M |
| Maricopa County, AZ | 191 | $20.3M |
| Carver County, MN | 158 | $17.5M |
BizyFi in Dakota County
5 companies in the BizyFi directory are based here. Search them on the company map (company names with a free account), or browse Minnesota companies.
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.