About Minessota economy

The economy of Minnesota has in the past 200 years, a sharp change. After the early history of the state mainly agriculture and forestry and trade of goods given the economy, gained in the course of industrialization ever more of the secondary sector in importance. Especially the region in the northwest of Duluth benefited from the iron ore deposits. As in all industrialized countries also rose in Minnesota since the 1950s the share of services sector in gross domestic product ever. Today, over 80 percent of all employees working in him, while only less than one percent in the primary sector. [33] Within the United States belongs to the state but remains among the largest producers of agricultural products such as sugar beets, sugar peas or corn. [ 34]

In 2006, Switzerland’s gross domestic product of Minnesota at 245 billion U.S. dollars. [35] The per-capita income amounted to U.S. $ 38,712 and was the zwölfthöchste in the United States. [36] The median of household income stood at 52,024 USD (Platz 11 in the U.S.). [37] The real gross domestic product per capita (Engl. real GDP per capita) – the most important indicator of prosperity – in 2006 stood at U.S. $ 41,295 (national average of the 50 U.S. states: 37,714 USD; place national ranking: 10) [38].

Minnesota real estate values

Minnesota real estate markets

The most popular real estate markets for the Minnesota state are in the following areas:

•    Shakopee
•    Saint Paul
•    Minneapolis
•    Minnetonka
•    Prior Lake
•    Lakeville
•    Hastings
•    Hibbing
•    Elk River
•    Cottage Grove
•    Burnsville
•    Eden Praire

Bear in mind that the list of Minnesota real estate markets may be subject to change due to economic issues.