Location
The “Twin Cities” of Minneapolis and St. Paul form the core of a metropolitan region encompassing 6,046 square miles and consisting of 13 counties: Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington, Isanti, Chisago, Sherburne and Wright in Minnesota, as well as Pierce and St. Croix counties in Wisconsin.
Housing Prices Are Up
The Twin Cities median single-family home price (as of November 2016) is $232,000, up 4.2% compared with $220,000 in fourth-quarter 2015. (Source: Minnesota Association of Realtors)
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Business Strengths
Major business strengths in the Twin Cities include a highly educated workforce, excellent transportation services, a diverse economic base and available capital. The metro area is home to 17 Fortune 500 companies representing a broad spectrum of industries. The Minneapolis-St. Paul area’s employment base does not rely on any single industry, which allows it to weather recessions and economic downturns in specific industries.
- More per capita Fortune 500 companies than any other US metro region (Forbes, 2016)
- Minnesota is the No. 1 state for business (CNBC)
- The 6th most inventive city worldwide (Bloomberg Businessweek)
- North Loop ranks as a Top 25 Destination in the World (Forbes, 2016)
