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Demographics
The racial makeup of the state is:
88.2% White
3.5% Black
2.9% Hispanic
2.9% Asian
1.1% American Indian
1.4% mixed race.
Minnesotans traditionally count themselves as of Nordic descent (approximately 1.5 million people, 30% of the population, claim Danish, Finnish, Norwegian or Swedish ancestry), though more families originated in Germany (approximately 2 million people, 40% of the population). More than 8 out of 10 whites in Minnesota are of German or Scandinavian descent.
More recent immigrant communities include the third-largest Hmong population in the United States (from the Laos/Cambodia/Vietnam region) and the largest urban center of Hmong population in the world, and a large presence of people from Somalia.
For a wider choice of home mortgage providers and refinance programs including debt consolidation loans, home mortgage refinancing, second mortgage and home equity loans, good and bad credit mortgages, construction loan financing, VA and FHA loans and home purchase mortgages click mortgage refinancing, debt refinancing here.
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| People QuickFacts | Minnesota | USA |
Population, 2003 estimate |
5,059,375 | 290,809,777 |
| Population, percent change, April 1, 2000 to July 1, 2003 |
2.8% | 3.3% |
| Population, 2000 | 4,919,479 | 281,421,906 |
| Population, percent change, 1990 to 2000 | 12.4% | 13.1% |
| Persons under 5 years old, percent, 2000 | 6.7% | 6.8% |
| Persons under 18 years old, percent, 2000 | 26.2% | 25.7% |
| Persons 65 years old and over, percent, 2000 | 12.1% | 12.4% |
| Female persons, percent, 2000 | 50.5% | 50.9% |
| Mortgage, Real Estate Demographics | Minnesota | USA |
Housing units, 2002 |
2,132,632 | 119,302,132 |
| Homeownership rate, 2000 |
74.6% | 66.2% |
| Housing units in multi-unit structures, percent, 2000 | 22.3% | 26.4% |
| Median value of owner-occupied housing units, 2000 | $122,400 | $119,600 |
| Households, 2000 | 1,895,127 | 105,480,101 |
| Persons per household, 2000 | 2.52 | 2.59 |
| Median household income, 1999 | $47,111 | $41,994 |
| Per capita money income, 1999 | $23,198 | $21,587 |
| Persons below poverty, percent, 1999 | 7.9% | 12.4% |
Minnesota is the largest state by area in the Midwestern United States and is in the subregion known as the Upper Midwest. The most significant metropolitan area is known as the Twin Cities, combining the state's most populous cities, Minneapolis and the capital of Saint Paul, along with multiple "rings" of suburbs. More than half of the state's residents live there.
The state is a major food producer for the country, and has a number of natural resources that have been greatly exploited in the last two centuries.
Minnesota Loans - Refinance, Home Equity, Debt Consolidation And Purchase
LowerMyBills.com customers can be matched with up to four lenders who will compete for their business helping them find the lowest rate available. Our ever-expanding national network includes over 300 companies. Refinance an existing loan and save hundreds, or even thousands of dollars!
Loan refinancing replaces your existing loan with another lower interest rate loan for the same amount. If you have equity in your home, a refinance home mortgage loan comparison can have significant benefits. You can reduce your interest rate, change the terms of your loan, or consolidate your debt. Rather than use your home as collateral, a home loan refinance online allows you to incorporate your debt into the amount owed. One monthly payment, one low interest rate!
Economy
The Bureau of Economic Analysis estimates that Minnesota's total state product in 2003 was $211 billion. Per capita personal income in 2003 was $34,031, 10th in the nation. The average household income in 1999 was approximately $48,000, ranking eighth in the nation (U.S. Census Bureau). The county averages range from $17,369 (Todd County) to $42,313 (Hennepin County, a portion of the Metro area). In general, salaries are lowest in more rural areas, particularly in the northwest portion of the state.
Major industries/products
The Twin Cities are home to a diverse range of major businesses, including 3M Co. (formerly Minnesota Mining and Manufacturing Co.), Northwest Airlines, Target Corporation, U.S. Bancorp, Thrivent Financial for Lutherans (formerly Lutheran Brotherhood), Medtronic, Cray Computers, Imation, and a regional headquarters of Wells Fargo & Co. and Honeywell. The city of Rochester is the headquarters of the Mayo Clinic, and has a significant manufacturing presence in International Business Machines. The largest shopping mall in the United States, the Mall of America, is located in Bloomington.
A large proportion of the state's economy is still agricultural, even though only a small percentage of the population (around 2%) consider themselves to be farmers. Additionally, northern Minnesota is a source for iron ore and wood products, though these are both declining industries. A fair amount of ethanol alcohol fuel is produced in the state, and a 10% mix of ethanol into consumer gasoline has been mandated since 1997 (as of 2004, Minnesota is the only U.S. state with such a mandate). If production capacity meets the need, 2% biodiesel will be required in diesel fuel in 2005. Many farmers also now operate wind turbines to produce electricity, particularly in the windy southwest region. As of January 2005, the state is the country's fourth-largest wind energy producer after California, Texas, and Iowa, with 615 megawatts installed and 213 MW planned [1] (http://www.awea.org/projects/).
The state has been a major influence in the area of transportation, moving products along the Mississippi River, in and out of the inland seaport of Duluth, along railroads that criss-cross the state, via highways with trucking and busing companies, and through the air with a major airline hub. However, water- and rail-borne traffic has been declining steadily over the years.
Regions of Minnesota
Minneapolis/Saint Paul metropolitan area | Northwest Angle | Iron Range/Arrowhead | Pipestone | Central
Largest Cities
Apple Valley | Blaine | Bloomington | Brooklyn Park | Burnsville | Coon Rapids | Duluth | Eagan | Eden Prairie | Edina | Lakeville | Maple Grove | Maplewood | Minneapolis | Minnetonka | Plymouth | Richfield | Rochester | St. Cloud | St. Paul
Counties
Aitkin | Anoka | Becker | Beltrami | Benton | Big Stone | Blue Earth | Brown | Carlton | Carver | Cass | Chippewa | Chisago | Clay | Clearwater | Cook | Cottonwood | Crow Wing | Dakota | Dodge | Douglas | Faribault | Fillmore | Freeborn | Goodhue | Grant | Hennepin | Houston | Hubbard | Isanti | Itasca | Jackson | Kanabec | Kandiyohi | Kittson | Koochiching | Lac qui Parle | Lake | Lake of the Woods | Le Sueur | Lincoln | Lyon | McLeod | Mahnomen | Marshall | Martin | Meeker | Mille Lacs | Morrison | Mower | Murray | Nicollet | Nobles | Norman | Olmsted | Otter Tail | Pennington | Pine | Pipestone | Polk | Pope | Ramsey | Red Lake | Redwood | Renville | Rice | Rock | Roseau | St. Louis | Scott | Sherburne | Sibley | Stearns | Steele | Stevens | Swift | Todd | Traverse | Wabasha | Wadena | Waseca | Washington | Watonwan | Wilkin | Winona | Wright | Yellow Medicine