5 Things To Know About Minnesota's Richest Town in 2021

Stillwater MN

10 June, 2021

5:52 PM

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WASHINGTON COUNTY, MN — The wealthiest town in Minnesota is Dellwood, located in the east metro of the Twin Cities, according to a 2021 study. The tiny, secluded community is home to less than 1,300 people. For its annual "richest town in every state" list, the financial news site 24/7 Wall St. reviewed the median annual household income in places with populations of at least 1,000 and less than 25,000. "All of the places on this list have incomes well in excess of the national median household income of $65,712, with some places exceeding the maximum median household income recorded by the Census — $250,000," the researchers note. "Generally speaking, the cities on this list with median household incomes exceeding $250,000 are in affluent states such as New York, New Jersey, and California." Here are five things to know about the city of Dellwood, Minnesota's richest town: Politics Here's how the city of Dellwood voted in the 2020 elections: U.S. President Republican Donald Trump: 464DFL Joe Biden: 372 U.S. Senator Republican Jason Lewis: 488DFL Tina Smith: 333 U.S. Representative District 4 DFL Betty McCollum: 340Republican Gene Rechtzigel: 471 Median income The median household income in Dellwood is $193,000. In Minnesota overall, that number is $71,306. The national median household income is $65,712, Education About 78 percent of adults living in Dellwood have attained at least a bachelor's degree. In Minnesota, only about 36 percent of adults have at least a bachelor's degree. Just over 31 percent of U.S. adults have a bachelor's degree nationwide. Poverty The poverty rate in Dellwood is 0.5 percent. Minnesota's poverty rate is just under 10 percent. The poverty rate in the U.S. is 10.5 percent. House value The median home value in Dellwood is a whopping $616,300. In Minnesota, it's just under $240,000. Check out homes for sale in the Dellwood area here.