Tax Preparation Services in Hennepin County, MN — Market Data (2023)
135 tax preparation services operate in Hennepin County, MN, based on 2023 U.S. Census Bureau County Business Patterns (CBP) data — the same establishment counts the federal government uses for economic statistics.
Market density
That works out to 1.073 establishments per 10,000 residents, 30.9% above the national average of 0.8198 per 10,000 residents for tax preparation services. Markets with lower density have fewer competitors per capita; markets with higher density have more.
Market data
| Metric | Value |
|---|---|
| Establishments | 135 |
| Density (per 10,000 residents) | 1.073 |
| Employment | 590 |
| Annual payroll | $25,991,000 |
| Average business size (employees/establishment) | 4.4 |
| County population (2023) | 1,258,713 |
Less saturated nearby markets
These counties have a lower tax preparation services density than Hennepin County — fewer competitors per capita for the same industry.
- Santa Clara County, CA: 1.06 per 10,000 residents (199 establishments)
- Pima County, AZ: 1.044 per 10,000 residents (111 establishments)
- Salt Lake County, UT: 1.037 per 10,000 residents (123 establishments)
- Hillsborough County, FL: 1.029 per 10,000 residents (158 establishments)
See the full Tax Preparation Services by county ranking for all 45 counties with available data.
Frequently asked questions
How many tax preparation services are there in Hennepin County, MN?
135 tax preparation services operate in Hennepin County, MN, according to 2023 U.S. Census Bureau County Business Patterns data.
Is the tax preparation services market in Hennepin County, MN saturated compared to the national average?
Hennepin County, MN has 1.073 tax preparation services per 10,000 residents, which is 30.9% above the national average of 0.8198 per 10,000 residents. That means more competitors per capita than the typical U.S. county.
What is the average size of a tax preparation service business in Hennepin County, MN?
The average tax preparation service business in Hennepin County, MN has about 4.4 employees (590 total employment ÷ 135 establishments).
Are there less saturated nearby markets for tax preparation services?
Yes — Santa Clara County, CA has a lower density (1.06 per 10,000 residents) than Hennepin County, MN, along with 3 other nearby counties listed below.