Located approximately between the Twin Cities, Minneapolis Minnesota is one of the fastest growing metropolitan areas in the United States. The number of people moving to this part of Minnesota each year has increased dramatically over the past few decades. Homebuyers have many options when looking for homes in this exciting urban area. Due to an excellent housing market, there are now many different housing developers around the Metro Area, especially in and around Minneapolis. The following is an informative summary of some of the local employment markets, as well as demographics and housing trends for this rapidly expanding city.
The makeup of the population is much more diverse than the population in other large cities. The city boasts a population that is evenly divided between Black and White, but nearly half of the city's population is Hispanic. This makes it one of the more diverse places to work in the Metro. The Hispanic population is particularly concentrated around the downtown area of the city, but the rest of the downtown is much less populated. The second largest group of people moving to this part of Minnesota are college students. The University of Minnesota is one of the most popular colleges in the state, so many students choose to live and study here after they graduate. As a result, the city's population has a high number of professionals with various levels of degrees, but at the same time, there are plenty of job opportunities available to everyone with a passion for living in a big city. Minneapolis /St. Paul University is another large university that attracts a large number of students from outside of Minnesota.
One of the larger economic factors that contributes to the high population of Minneapolis-St. Paul is the fact that there are a lot of companies in the surrounding area that have found products and services to sell in this huge city. The companies are attracted to the relatively low cost of living of the area, so the number of jobs in the area is very attractive to employers. In addition, Minneapolis has one of the best labor markets in the country. Many companies prefer to have employees that live in the city because of the relatively low cost of doing business in the area. Also, the local school system is among the best in the nation, which adds to the attraction of jobs to the city. All of these factors add to the vitality of the economy.
In terms of residential development, there are now some nice examples of mixed-use developments in the city. These developments are especially sought by young people who want to live near a public transportation system or to work in a vibrant employment arena. In addition, there are also a number of new high-rise apartment buildings in the city. These developments represent a real improvement over the typical downtown apartment block. As the population of Minneapolis continues to grow, the city is working to meet the needs of the ever-increasing number of people. There is plenty of room for job growth and an increase in population. The Minnesota Department of Health and Human Services has been assisting the cities of Minneapolis and St. Paul with providing affordable housing. Because of the population growth, the state government has been providing Minnesota residents with low-cost health care benefits. In addition, the Minnesota Pollution Control Agency has been working hard to clean up the pollution problem in the area.