Goodhue County, MN
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 44.41, -92.72.
Assembled 2026-10-06. Read the brief.
- 74th pct · 780th of 3,063 US counties · median $234,566
- 73rd pct · 24th of 87 Minnesota counties · median $276,116
- 37th pct · 1,927th of 3,063 US counties · median +2.9%
- 11th pct · 77th of 87 Minnesota counties · median +4.1%
- 34th pct · 919th of 1,399 US counties · median $1,496
- 54th pct · 18th of 38 Minnesota counties · median $1,295
- 72nd pct · 879th of 3,221 US counties · median 8,232
- 80th pct · 18th of 87 Minnesota counties · median 7,739
- 83rd pct · 538th of 3,221 US counties · median $1,039
- 87th pct · 11th of 87 Minnesota counties · median $1,102
- 62nd pct · 1,164th of 3,063 US counties · median 4.3
- 56th pct · 38th of 87 Minnesota counties · median 4.6
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $323,275 (Aug 2026), +1.8% over one year, +20.0% over five
- 74th pct · 780th of 3,063 US counties · median $234,566
- 73rd pct · 24th of 87 Minnesota counties · median $276,116
| Item | Value | Distance |
|---|---|---|
| Goodhue County, MN | $323,275 · +1.8% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $1,337/mo (Aug 2026), n/a over one year; price-to-rent 20.2
- 34th pct · 919th of 1,399 US counties · median $1,496
- 54th pct · 18th of 38 Minnesota counties · median $1,295
| Item | Value | Distance |
|---|---|---|
| Goodhue County, MN | $1,337/mo · n/a 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,770 a month on $323,275 at 7.28%, against an average weekly wage worth $5,542 a month: 31.9% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $323,275 × 80% = $258,620, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,770/mo principal and interest
- wage share = payment / (avg weekly wage $1,279 × 52 / 12 = $5,542) = 32% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $323,275 / ($1,279 × 52) = 4.9
- price-to-rent = $323,275 / ($1,337 × 12) = 20.2
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
21,470 jobs at 1,361 employers (2026 Q1); +0.3% jobs and +4.8% average weekly wage over the year
- 72nd pct · 879th of 3,221 US counties · median 8,232
- 80th pct · 18th of 87 Minnesota counties · median 7,739
| Item | Value | Distance |
|---|---|---|
| Goodhue County, MN | 21,470 jobs · $1,279/wk · +0.3% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 4,625 | $1,609 | 2.68 | -2.2% |
| Health care and social assistance | 2,892 | $1,176 | 0.90 | +6.0% |
| Retail trade | 2,180 | $701 | 1.04 | -1.0% |
| Accommodation and food services | 1,754 | $510 | 0.91 | -1.7% |
| Construction | 1,002 | $1,561 | 0.89 | +16.0% |
| Wholesale trade | 717 | $1,469 | 0.87 | +6.7% |
| Other services | 628 | $827 | 0.98 | +4.8% |
| Administrative and waste services | 480 | $1,245 | 0.39 | +3.2% |
| Professional and technical services | 361 | $1,214 | 0.24 | -19.6% |
| Finance and insurance | 334 | $1,438 | 0.38 | +0.6% |
| Arts, entertainment and recreation | 287 | $403 | 0.81 | -17.1% |
| Management of companies | 143 | $3,004 | 0.40 | -11.2% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D1 moderate drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
moderate (0.25)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 / 0.35
Banks & federal dollars #
$1.4 bn in deposits at 19 offices of 12 banks (SOD June 2026); HHI 1,562, moderately concentrated. $346.7 m federal obligations in FY2026 (direct payments $325.1 m, grants $11.1 m), $16,148 per covered job
| Item | Value | Distance |
|---|---|---|
| First Farmers & Merchants Bank | $356.8 m · 24.6% share · 6 offices | |
| Merchants Bank, National Association | $282.2 m · 19.5% share · 2 offices | |
| Frandsen Bank & Trust | $257.0 m · 17.7% share · 2 offices | |
| Goodhue, MN | $346.7 m FY2026 · $16,148/job | |
| MULTIPLE RECIPIENTS | $310.9 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| First Farmers & Merchants Bank | $356,814,000 | 24.6% | 6 |
| Merchants Bank, National Association | $282,246,000 | 19.5% | 2 |
| Frandsen Bank & Trust | $257,041,000 | 17.7% | 2 |
| Wells Fargo Bank, National Association | $152,563,000 | 10.5% | 1 |
| Associated Bank, National Association | $118,498,000 | 8.2% | 1 |
| Security State Bank of Wanamingo | $96,732,000 | 6.7% | 1 |
| Security State Bank of Kenyon | $63,168,000 | 4.4% | 1 |
| Community Resource Bank | $49,123,000 | 3.4% | 1 |
| Heritage Bank Minnesota | $31,205,000 | 2.2% | 1 |
| The First State Bank of Red Wing | $22,205,000 | 1.5% | 1 |
Deposit concentration is 1,562 across 12 banks, which the 1995 Department of Justice bank merger screen calls moderately concentrated.
HHI = Σ (share %)² over 12 banks with deposits in the county = 24.6² + 19.5² + 17.7² + … (9 more) = 1,562
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $281,888,380 |
| Department of Veterans Affairs | $28,730,709 |
| Department of Agriculture | $14,268,454 |
| Department of Defense | $8,340,571 |
| Department of Housing and Urban Development | $4,994,056 |
| Department of Transportation | $4,262,728 |
| Department of Health and Human Services | $2,205,337 |
| Railroad Retirement Board | $1,153,637 |
| Federal Communications Commission | $728,770 |
| Department of Education | $70,547 |
| Department of the Treasury | $40,000 |
| Department of Justice | $20,050 |
That is $16,148 per covered job, against 21,470 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $346.7 m / 21,470 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $16,148
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 3.00 | 2026-10-06 | -50.0% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Goodhue County, MN: 4 findings, 4 noted
noteGoodhue County, MN's average weekly wage was 4.8% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +4.8 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteGoodhue County, MN's covered employment was 0.3% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +0.3 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteThe next Zillow ZHVI typical home value (monthly) covering Goodhue County, MN is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
noteThe next Zillow ZORI typical rent (monthly) covering Goodhue County, MN is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.