Starting a Business in Goodhue County, MN

What does it cost to start a business in Goodhue County? Here are the numbers.

Avg Startup Cost

$58,754

Monthly Overhead

$1,343

Est. Break-Even

30 mo

Runway

44 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,343/mo
Median Household Income$78,338
Property Tax Rate1.1%

Population (market size)47,697

Market Context

Median Home Value$254,500
Homeownership Rate77.5%
Median Rent$895/mo

CountyGoodhue County

About Goodhue County, Minnesota

Goodhue County in Minnesota has a population of 47,697 and a median household income of $78,338. The moderate population offers opportunities for niche businesses with less competition.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Goodhue County

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.