Rosemount Economic Overview - MN
[Pages:32]Economy Overview
14 Minnesota ZIPs
Minnesota Department of Employment & Economic Development (DEED) 332 Minnesota Street Suite E200
Saint Paul, Minnesota 55101
Emsi Q2 2022 Data Set |
Economy Overview
Contents
.R.e.p.o.r.t.P. a. r.a.m. .e.t.e.r.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1. . . . . . . .E.c.o.n.o.m. .y. O. .v.e. r.v.i.e.w. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . .H.i.s.to. r. i.c. &. . P. .ro. .je.c.t.e.d. .T.re. n. .d.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . .P.o.p.u. l.a. .o.n. .C. h. a. r.a.c.t.e.r.is. . c. s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. . . . . . . .In. b. o. .u.n.d. .a.n.d. .O. u. t.b. o. .u.n.d. .M. .ig.r.a. .o. n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8. . . . . . . .In. d. u. .st. r.y. .C.h.a.r.a.c.t.e.ri.s. .c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9. . . . . . . .B.u.s.in. .e.s.s.C. h. .a.ra. c. t.e. r.is. . .c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.4. . . . . . . .W. .o.rk. .fo. .rc. e. .C. h. a. r.a.c.t.e.r.is. . c. s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.5. . . . . . . .E.d.u.c.a. . o. .n.a.l .P.i.p.e.li.n.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.9. . . . . . . .A.p.p. e. n. .d.ix. .A. .(G. .e.o.g.r.a.p.h. i.e.s.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.0. . . . . . .
Emsi Q2 2022 Data Set |
Economy Overview
Report Parameters
14 ZIPs
55024 Farmington, MN (in Dakota county) 55068 Rosemount, MN (in Dakota county) 55071 Saint Paul Park, MN (in Washington county) 55076 Inver Grove Heights, MN (in Dakota county) 55077 Inver Grove Heights, MN (in Dakota
Ccoluantsys) of Worker
55085 55120 55121 55122
Vermillion, MN (in Dakota county) Saint Paul, MN (in Dakota county) Saint Paul, MN (in Dakota county) Saint Paul, MN (in Dakota county)
See Appendix A for all 14 ZIPs
QCEW Employees, Non-QCEW Employees, and Self-Employed
The informa on in this report pertains to the chosen geographical areas.
Emsi Q2 2022 Data Set |
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Economy Overview
Economy Overview
316,991
Popula on (2021)
Popula on grew by 14,770 over the last 5 years and is projected to
grow by 17,138 over the next 5 years.
158,962
Total Regional Employment
Jobs decreased by 3,583 over the last 5 years but are projected to grow by 3,584 over the next 5
years.
$74.9K
Avg. Earnings Per Job (2021)
Regional average earnings per job are $1.7K below the na onal average earnings of $76.6K per job.
Takeaways
As of 2021 the region's popula on increased by 4.9% since 2016, growing by 14,770. Popula on is expected to increase by 5.4% between 2021 and 2026, adding 17,138. From 2016 to 2021, jobs declined by 2.2% in 14 Minnesota ZIPs from 162,545 to 158,962. This change fell short of the na onal growth rate of 0.7% by 2.9%. Labor force data is not available for 14 Minnesota ZIPs. There is no educa on a ainment data for 14 Minnesota ZIPs. The top three industries in 2021 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and Local Government, Excluding Educa on and Hospitals.
Region Na on
Popula on (2021)
Labor Force (2021)
Jobs (2021)
316,991
N/A
158,962
331,820,028 162,302,777 161,875,556
Cost of
Living
GRP
109.9 $22.19B
100.0 $22.09T
Imports $29.12B
$0
Exports $27.19B $10.75T
Emsi Q2 2022 Data Set |
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Economy Overview
Dec 2021 Labor Force Breakdown
Popula on breakdown data is not available at the ZIP level. Please choose a different region to see this data.
Educa onal A ainment
Educa onal a ainment data is not available at the ZIP level. Please choose a different region to see this data.
Emsi Q2 2022 Data Set |
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Economy Overview
Historic & Projected Trends
Popula on Trends
As of 2021 the region's popula on increased by 4.9% since 2016, growing by 14,770. Popula on is expected to increase by 5.4% between 2021 and 2026, adding 17,138.
Timeframe 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Emsi Q2 2022 Data Set |
Popula on 302,221 304,747 307,408 310,700 312,818 316,991 320,416 323,869 327,326 330,739 334,129
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Economy Overview
Job Trends
From 2016 to 2021, jobs declined by 2.2% in 14 Minnesota ZIPs from 162,545 to 158,962. This change fell short of the na onal growth rate of 0.7% by 2.9%.
Timeframe 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Emsi Q2 2022 Data Set |
Jobs 162,545 164,581 166,248 167,338 157,626 158,962 159,736 160,478 161,196 161,852 162,546
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Economy Overview
Popula on Characteris cs
65,271
Millennials
Your area has 65,271 millennials (ages 25-39). The na onal average for an area this size is 64,463.
87,889
Re ring Soon
Re rement risk is about average in your area. The na onal average for an area this size is 93,103 people 55 or older, while there are 87,889 here.
82,947
Racial Diversity
Racial diversity is low in your area. The na onal average for an area this size is 125,998 racially diverse people, while there are 82,947 here.
N/A
Veterans
Veterans data is not available at the ZIP level. Please choose a different region level to see this data.
N/A
Violent Crime
Crime data is not available at the ZIP level. Please choose a different region level to see this data.
N/A
Property Crime
Crime data is not available at the ZIP level. Please choose a different region level to see this data.
Emsi Q2 2022 Data Set |
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