This data is based on ZIP codes 55340, 55356, 55357, 55359, 55391, which covers Medina and Corcoran and Deephaven and Greenfield and Independence and Long Lake and Loretto and Maple Plain and Minnetonka and Minnetrista and Orono and Wayzata and Woodland.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP codes 55340, 55356, 55357, 55359, 55391 area shared across these towns.
Showing latest year snapshot. Full economic history and trends available with a paid plan. See products & pricing →
Medina ZIP Area Economy · 2022
Wages +4% vs. avg. Hennepin Co. town
Medina's ZIP area supports 23,478 jobs across 1,951 businesses, with workers earning an average of $79K per year, 4% above the Hennepin County average. The economy is well-diversified (0.88 index), led by professional services and construction. 88.2% of businesses have fewer than 20 employees, and each business employs an average of 12.0 people. Jobs grew 19.7% from the prior year while business count grew 1.7%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Hennepin Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
1,951 businesses by employee count. 88.2% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Major (500-999)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
12.0
employees per business
County avg: 20.4-41%
$266K
payroll per resident
$949K
payroll per business
Medina ZIP Area vs. Avg. Hennepin Co. Towni
All Industries in ZIP Areai
| Sector | Medina ZIP | Avg. Hennepin Co. | Spec. |
|---|---|---|---|
| Professional Services | 312 | 347 | 1.0x |
| Construction | 262 | 187 | 1.6x |
| Finance & Insurance | 180 | 175 | 1.2x |
| Real Estate | 175 | 166 | 1.2x |
| Other Services | 171 | 199 | 1.0x |
| Retail Trade | 156 | 207 | 0.9x |
| Admin Services | 146 | 133 | 1.3x |
| Wholesale Trade | 134 | 127 | 1.2x |
| Healthcare | 129 | 289 | 0.5x |
| Food & Accommodation | 96 | 149 | 0.7x |
| Manufacturing | 58 | 80 | 0.8x |
| Arts & Entertainment | 39 | 44 | 1.0x |
| Information | 22 | 42 | 0.6x |
| Education | 18 | 36 | 0.6x |
| Management | 14 | 24 | 0.7x |
| Transportation | 12 | 41 | 0.3x |
| Agriculture | 9 | 2 | 5.2x |