2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 13

DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Calendar Years

Fiscal

School

Unemployment

Total

Per Capita

Personal

Year Population (1) Enrollment (2)

Rate (3)

Employment (3) Income (4)

Income (5)

2016

40,254

8,927

3.2% 21,571

$ 32,704

$ 1,316,466,816

2017

41,143

9,036

2.6% 27,156

32,662

1,343,812,666

2018

41,519

8,636

2.4% 25,930

33,300

1,382,582,700

2019

42,595

8,807

2.8% 27,427

33,631

1,432,512,445

2020

43,698

8,665

6.1% 22,051

35,607

1,555,954,686

2021

45,593

8,572

2.3% 22,417

37,857

1,726,014,201

2022

45,961

8,573

2.2% 23,773

40,748

1,872,818,828

2023

46,037

8,286

2.3% 23,510

41,261

1,899,532,657

2024

46,660

8,354

2.4% 23,485

47,238

2,204,125,080

2025

46,660*

8,509

3.7% 26,858

47,444

2,213,737,040

Source:

1. Met Council estimates and 2020 is the official census number. 2. Shakopee School District, SACS, Bloomington Lutheran 3. Minnesota Department of Employment and Economic Development Local Area Statistics 4. Census estimates 5. Per capita income times population

* 2025 estimated population is not yet available.

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