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Olmsted County Business Data

Businesses, industries, trucking companies, banks and bankruptcies in Olmsted County, Minnesota.

Employer establishments
3,754
2023
Employees
107,285
Average annual pay
$76,343
Nonemployer businesses
11,645
$664M receipts, 2024

Industries

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IndustryEstablishmentsEmployeesAverage pay
Health care and social assistance54321,851$61,802
Retail trade51611,601$32,600
Construction4184,075$85,072
Other services4052,859$34,391
Accommodation and food services4019,058$25,616
Professional and technical services29240,388$116,992
Real estate and rental2271,000$51,151
Finance and insurance2221,655$91,973
Administrative and support services1792,480$42,247
Wholesale trade1161,799$89,273
Transportation and warehousing1091,798$45,131
Manufacturing893,890$67,662
Educational services741,638$31,576
Arts, entertainment and recreation711,033$21,390
Information551,568$82,895
Management of companies14301$71,359
Agriculture, forestry and fishing946$33,043
Mining, oil and gas524$83,833
Utilities4186$88,801

Total annual payroll: $8.19B

Establishments by number of employees

2023

  • 1 to 4 employees1,75446.7%
  • 5 to 9 employees77120.5%
  • 10 to 19 employees58015.5%
  • 20 to 49 employees43511.6%
  • 50 to 99 employees1243.3%
  • 100 to 249 employees581.5%
  • 250 to 499 employees250.7%
  • 500 to 999 employees30.1%
  • 1,000 or more employees40.1%

Trucking companies

1,642 active carriers with 4,845 power units and 5,936 drivers

All carriers

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Banks headquartered in Olmsted County

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BankTotal assetsDepositsOffices
Think Mutual Bank$2.23B$1.86B9
Eagle Rock Bank$508.2M$420.8M5
First Security Bank$161.7M$121.6M1
Minnesota First Credit and Savings, Incorporated$29.89M$24.9M4

Business bankruptcies

Minnesota by county

9 business cases (1 under Chapter 11) and 251 cases in all were filed in the 12 months ending June 2026.

County Business Patterns counts employer establishments by the county where they are located. The Census Bureau adds small random noise to protect confidentiality, and some small cells are withheld (shown as Not reported).

Source: U.S. Census Bureau County Business Patterns, FMCSA, FDIC and the U.S. Courts · Last updated 12/31/2023