Stillwater, Minnesota, often celebrated as the “Birthplace of Minnesota,” seamlessly blends its rich historical heritage with a dynamic and evolving economic landscape. Nestled along the scenic St. Croix River, this city not only attracts tourists but also nurtures a thriving community of residents and businesses.
Demographics and Workforce
With a population of approximately 19,361 residents, Stillwater boasts a median age of 42.5 years and a median household income of $105,853. The city’s workforce is diverse, encompassing sectors such as healthcare, education, retail, and manufacturing. Notably, the healthcare and social assistance industry employs around 1,700 individuals across 118 businesses, while the retail trade sector provides jobs for approximately 1,368 people within 106 establishments.
Business Environment
Stillwater’s historic downtown is a hub of activity, featuring a variety of retail shops, collaborative spaces, and dining establishments. This vibrant atmosphere results from a concerted partnership between the City of Stillwater, the Chamber of Commerce, and local businesses, all working collaboratively to enhance the community’s economic vitality.
To support local enterprises, the city offers a range of business and financial resources. These include assistance with site selection through partnerships with the Washington County Community Development Agency and access to financial programs such as Tax Increment Financing (TIF), Tax Abatement, and the Minnesota Investment Fund.
Community Development Initiatives
In February 2026, Stillwater welcomed Jason Zimmerman as the new Community Development Director. Zimmerman is spearheading efforts to shape the city’s future through the Comprehensive Plan, aiming to guide development over the next two decades. Key projects include the development of Lumberjack Landing, a 15-acre park along the Riverwalk, in collaboration with the National Park Service. This initiative seeks to create both recreational and educational spaces for residents and visitors alike.
Real Estate and Housing
The local real estate market reflects the city’s economic stability and growth. The median home value in Stillwater is approximately $486,969, with an average home value of $538,102. The housing market is characterized by a mix of historic homes and newer developments, catering to a diverse range of preferences and needs.
Looking Ahead
As Stillwater continues to evolve, the city remains committed to preserving its historical charm while fostering economic growth and community development. Through strategic planning, supportive business initiatives, and community engagement, Stillwater exemplifies a harmonious blend of tradition and progress.