Funeral Services · Minnesota

Funeral Services Market in
Minnesota

$471M statewide TAM · 23 metros · Rank #17/51 states · 1.6% of national TAM

Bottom-up rollup across every metro in Minnesota. PinpointIQ covers all 23 MSAs in the state.

Statewide TAM
$471M
for Funeral Services
State rank
#17 of 51
68th percentile · 1.6% of US TAM
Metros covered
23
In Minnesota
National TAM
$28.8B
Nationwide Funeral Services

Top metros

Most attractive Funeral Services metros in Minnesota

Ranked by Market Score — PinpointIQ's vertical-specific attractiveness composite. TAM shown for reference.

RankMetroTAMMarket Score
#1Martin County, MN$2M84
#2Douglas County, MN$5M83
#3Itasca County, MN$5M82
#4Cass County, MN$10M71
#5Brown County, MN$3M71
#6Kandiyohi County, MN$4M64
#7Otter Tail County, MN$7M63
#8Freeborn County, MN$3M62
#9Detroit Lakes, MN Micro Area$4M56
#10Beltrami County, MN$4M53

What drives the Market Score

How Funeral Services attractiveness is measured

% Population 65+
40%
of composite score
Death Rate
35%
of composite score
Fragmentation Score
25%
of composite score

Frequently asked questions

Funeral Services market in Minnesota: common questions

How big is the funeral services market in Minnesota?

The statewide funeral services total addressable market in Minnesota is $471M, aggregated across 23 MSAs. This represents 1.6% of the $28.8B U.S. funeral services market.

How does Minnesota rank nationally for funeral services?

Minnesota ranks #17 of 51 states by funeral services TAM — the 68th percentile. The ranking is based on aggregate MSA-level TAM within each state's geographic boundaries.

What are the most attractive funeral services metros in Minnesota?

PinpointIQ ranks the top funeral services metros in Minnesota by Market Score (a vertical-specific attractiveness composite): #1 Martin County, MN ($2M TAM, Market Score 84); #2 Douglas County, MN ($5M TAM, Market Score 83); #3 Itasca County, MN ($5M TAM, Market Score 82); #4 Cass County, MN ($10M TAM, Market Score 71); #5 Brown County, MN ($3M TAM, Market Score 71). Market Score weighs the drivers of funeral services demand and operator concentration.

What drives funeral services attractiveness in Minnesota's metros?

PinpointIQ's Funeral Services Market Score for every MSA in Minnesota is computed from 3 components: % Population 65+ (40%); Death Rate (35%); Fragmentation Score (25%). Each component is scored at the national percentile level before being weighted into the composite.

How many funeral services markets does PinpointIQ cover in Minnesota?

PinpointIQ covers all 23 Metropolitan Statistical Areas (MSAs) in Minnesota for funeral services, with TAM, Market Score, competitive landscape, and demographic drivers available at each MSA and down to the census-tract level.

Where can I get funeral services market data for a specific Minnesota metro?

Individual metro pages are available for every MSA in Minnesota covered by PinpointIQ. You can also pull a free funeral services market report for any specific metro through PinpointIQ's report tool, or start a trial to access the full platform including competitive landscape and business-level data.

TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.

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