Independence city, Minnesota Demographics & Population 2026
As of 2026, Independence city, Minnesota has a total population of 3,695, the 187th largest city in Minnesota, with a median household income of $194,205, which is 122% higher than the state average. The poverty rate is 0.5%.
Key Takeaways
- Household income is 122% above the state average — one of the wealthiest communities in Minnesota.
- An exceptionally low poverty rate of 0.5% — among the lowest in Minnesota.
- 62.9% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Near full employment with an unemployment rate of just 0.0%.
Independence city Quick Facts
How Independence city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Independence city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis city | 426,845 | $80,269 | 16.4% | $345,600 |
| Bloomington city | 88,838 | $90,677 | 9.1% | $346,200 |
| Brooklyn Park city | 84,349 | $85,964 | 10.3% | $313,500 |
| Plymouth city | 79,526 | $133,865 | 4.1% | $474,700 |
| Maple Grove city | 70,539 | $129,481 | 3.9% | $397,400 |
| Eden Prairie city | 63,249 | $127,732 | 6.0% | $463,300 |
| Minnetonka city | 53,256 | $120,496 | 4.8% | $456,200 |
| Edina city | 53,125 | $129,225 | 4.4% | $624,000 |
| St. Louis Park city | 49,541 | $100,250 | 7.3% | $371,600 |
| Richfield city | 36,725 | $84,055 | 7.3% | $320,400 |
Cities Similar to Independence city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Deephaven city | 3,835 | $175,441 | $854,000 | 79.7% | 2.0% |
| Hanover city | 3,495 | $147,944 | $421,700 | 47.8% | 2.2% |
| Grant city | 3,959 | $145,357 | $622,000 | 56.5% | 5.3% |
| St. Augusta city | 3,576 | $116,384 | $323,400 | 34.1% | 4.2% |
| Centerville city | 3,915 | $119,361 | $364,700 | 48.2% | 1.7% |
Population Overview
Independence city is a small community located in Minnesota, within Hennepin County. The total population is 3,695. It ranks as the 187th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Independence city is 45.9 years. This is 19% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Independence city is $194,205. This is 122% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 147% higher. The poverty rate stands at 0.5%. This is 95% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.9%. The median home value is $757,800. Housing costs are 148% higher than the state median of $305,500. The home-value-to-income ratio is 3.9x. 91.6% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 72.4%.
Race & Ethnicity
Independence city has a predominantly White (non-Hispanic) population, comprising 88.1% of all residents. Hispanic or Latino residents account for 2.2%. The Black or African American population (1.4%) is well below the state average of 6.7%. The Hispanic or Latino population (2.2%) is well below the state average of 6.2%. The Asian population (1.8%) is well below the state average of 5.0%.
Education
62.9% of residents aged 25 and older hold a bachelor's degree or higher. This places Independence city in the top 10% of all cities in the state for educational attainment. This is 62% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.9%. Notably, 21.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Independence city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Independence city, Minnesota?
Independence city, Minnesota has a population of 3,695 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Independence city, MN?
The median household income in Independence city is $194,205, which is 147% higher the national median of $78,538.
What is the poverty rate in Independence city, MN?
The poverty rate in Independence city is 0.5%. This means approximately 18 residents live below the federal poverty line.
What is the racial makeup of Independence city, Minnesota?
Independence city's population is 88.1% White, 1.4% Black, 2.2% Hispanic/Latino, and 1.8% Asian.
What is the median home value in Independence city, MN?
The median home value in Independence city is $757,800. The home-value-to-income ratio is 3.9x.
How educated is Independence city, Minnesota?
62.9% of adults (25+) in Independence city hold a bachelor's degree or higher, and 21.9% hold a graduate or professional degree.