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St. Louis County, MN

RANK #126 / 996  ·  POP 200,122  ·  MN

PROJECTED GROWTH: +2.6%

St. Louis County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why St. Louis County?

Encompassing over 6,000 square miles of land, St. Louis County, Minnesota, stands as the largest county east of the Mississippi River, larger than three states combined. Its county seat, Duluth, sits on Lake Superior, serving as a major freshwater port. The county is characterized by vast natural landscapes, including parts of Voyageurs National Park, Superior National Forest, and the Boundary Waters Canoe Area Wilderness, offering extensive opportunities for outdoor recreation like hiking, fishing, and canoeing. Commute times vary across this expansive area, with public transit options like Arrowhead Transit and Duluth Transit Authority serving various communities.

Life in St. Louis County often revolves around its natural resources and the communities that have grown around them. Residents report a good quality of life, with high satisfaction in recreational opportunities and road maintenance. The economy is diverse, with historical roots in mining and timber. Key sectors now include healthcare, higher education, and tourism, alongside continued activity in wood and paper products, and shipping. The county also supports initiatives in broadband expansion and renewable energy, reflecting an evolving economic landscape.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
-1.5%

Contracting economy

Home Prices
+7.4%

Outpacing national median

Climate & Terrain
-0.7

Below-average climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

St. Louis County U.S. National

The Numbers

DEMOGRAPHICS
Population
200,122
-0.09% YoY
Median Household Income
$66,491
Median Home Value
$192,900
+7.39% 12mo
Median Rent
$927
Average Annual Pay
$60,452
+4.1% YoY
Employment
95,504
+0.9% YoY
Income-to-Home-Value
0.3447
More affordable than average
Migration Inflow
3.9%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
637
Single-Family Permits
293

[05] Capital Investment

$3,334M
TOTAL
PROJECT AMOUNT STATUS
Boeing F-47 Expansion
The Boeing Company
$1,800M Under Construction
New Clean Energy Infrastructure (supporting Google Data Center)
Google, Minnesota Power
$700M Proposed
Google Data Center Campus (Project Loon)
Google
$650M Proposed
UMSL North St. Louis County Business and Workforce District
University of Missouri – St. Louis (UMSL), St. Louis County
$90M Under Construction
Laskin Energy Center Natural Gas Pipeline Project
Minnesota Power
$50M Planned
Wellington Family Homes Redevelopment
St. Louis County, Knight Development, BGC Advantage
$44M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -1.5% 3 percentile
Population Growth -0.1% 25 percentile
Income Growth +8.6% 53 percentile
Vacancy Rate 1.0% 56 percentile
Home Price Change +7.4% 98 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 9x 94 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is St. Louis County, MN a good place to move to?

St. Louis County has a Boom Town Index score of 87/100, ranking #126 among 996 U.S. counties. With job growth at +0.9% and a median household income of $66,491, it's an above-average county on economic indicators.

Is St. Louis County affordable?

The median home value in St. Louis County is $192,900 with median rent at $927/month. The income-to-home-value ratio is 0.3447, which is more affordable than the national average.

Is St. Louis County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +0.9%. Home values changed +7.4% in the past 12 months.

Are people moving to St. Louis County?

Yes — 3.9% of St. Louis County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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