Market insights · Minnesota
Hennepin County, MN: growth, migration and housing
Hennepin County has 1,284,784 residents, up 0.2% since 2020 (+0.6% in the last year). In 2022–2023, 37,946 households moved in and 40,014 moved out (-2,068 net), while a net $1.08B of income left. Median household income is $97,653, the median home $392,900 and median rent $1,487 a month.
In Minnesota: 48th of 87 counties for 5-year population growth · 38th of 87 counties for net in-migration (per resident) · 9th of 87 counties for median household income · 4th of 87 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Hennepin County, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Ramsey County, MN | 5,844 | $349.4M |
| Anoka County, MN | 3,320 | $195.6M |
| Dakota County, MN | 3,217 | $202.7M |
| Carver County, MN | 1,143 | $101.5M |
| Washington County, MN | 1,111 | $83.5M |
| Scott County, MN | 1,096 | $85.5M |
| Wright County, MN | 1,027 | $76.6M |
| Cook County, IL | 623 | $56.0M |
Where leavers went
Top counties by households leaving Hennepin County, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Ramsey County, MN | 6,020 | $364.0M |
| Anoka County, MN | 4,072 | $245.3M |
| Dakota County, MN | 3,836 | $364.0M |
| Wright County, MN | 1,618 | $148.6M |
| Carver County, MN | 1,553 | $190.7M |
| Scott County, MN | 1,348 | $110.4M |
| Washington County, MN | 1,145 | $98.9M |
| Cook County, IL | 864 | $63.5M |
BizyFi in Hennepin County
36 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.