Minneapolis' economy has been historically based on the adjoining agricultural area, though that has changed as can be seen from the list of Fortune 1000 companies headquarted in the city:

Many other major corporations, some with deep roots in the city of Minneapolis (for example General Mills, founded in the Historic Mill District), are based in the suburbs.

See also: Companies based in Minneapolis-St. Paul

As of the census² of 2000, there were 382,618 people, 162,352 households, and 73,870 families residing in the city. The population density was 2,691.4/km² (6,970.3/mi²). There were 168,606 housing units at an average density of 1,186.0/km² (3,071.6/mi²).

There were 162,352 households out of which 22.6% had children under the age of 18 living with them, 29.0% were married couples living together, 12.3% had a female householder with no husband present, and 54.5% were non-families. 40.3% of all households were made up of individuals and 8.0% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 3.15.

In the city the population was spread out with 22.0% under the age of 18, 14.4% from 18 to 24, 36.6% from 25 to 44, 17.9% from 45 to 64, and 9.1% who were 65 years of age or older. The median age was 31 years. For every 100 females there were 101.0 males. For every 100 females age 18 and over, there were 100.1 males.

The median income for a household in the city was $37,974, and the median income for a family was $48,602. Males had a median income of $35,216 versus $30,663 for females. The per capita income for the city was $22,685. About 11.9% of families and 16.9% of the population were below the poverty line, including 24.5% of those under age 18 and 10.9% of those age 65 or over.

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