Starting a Business in Olmsted County, MN

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

Avg Startup Cost

$67,815

Monthly Overhead

$1,790

Est. Break-Even

30 mo

Runway

38 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,790/mo
Median Household Income$90,420
Property Tax Rate1.1%

Population (market size)162,307

Market Context

Median Home Value$285,600
Homeownership Rate70.8%
Median Rent$1,193/mo

CountyOlmsted County

About Olmsted County, Minnesota

Olmsted County in Minnesota has a population of 162,307 and a median household income of $90,420. 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 Olmsted 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.