Starting a Business in Hennepin County, MN

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

Avg Startup Cost

$69,446

Monthly Overhead

$2,060

Est. Break-Even

30 mo

Runway

34 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$2,060/mo
Median Household Income$92,595
Property Tax Rate1.2%

Population (market size)1,270,787

Market Context

Median Home Value$358,000
Homeownership Rate63.0%
Median Rent$1,373/mo

CountyHennepin County

About Hennepin County, Minnesota

Hennepin County in Minnesota has a population of 1,270,787 and a median household income of $92,595. The larger population base provides a strong potential customer pool for new businesses.

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 Hennepin 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.