At a Glance
Median Income
$120,496
$73,713 per capita
Home Value
$456,200
Zillow: $472,418
Median Rent
$1,758/mo
27.1% of income on rent
Violent Crime
55/100K
1,417/100K property
Bachelor's Degree+
63.3%
97.3% high school+
Unemployment
1.5%
2.5% poverty rate
Obesity Rate
24.4%
8.8% smoking rate
Avg Temperature
47°F
270 sunny days/yr
How Minnetonka Compares to the U.S. Average
Each bar shows Minnetonka's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Minnetonka a Good Place to Live?
B+
3.9 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Minnetonka residents earn a median household income of $120,496 , which is 60% above the national average of $75,149.
Per capita income is $73,713. The unemployment rate stands at 1.5% (58% below the U.S. rate of 3.6%). 2.5% of residents live below the poverty line. The area is home to 2,874 business establishments, including 188 restaurants.
Housing & Cost of Living
The median home value in Minnetonka is $456,200 , 62% above the national median of $281,900.
Zillow estimates the typical home at $472,418. Median rent is $1,758/month, with 27.1% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1979.
Safety & Crime
Minnetonka reports 55 violent crimes per 100,000 residents
, which is 86% below the national average of 380/100K.
Property crime is 1,417/100K. The murder rate is 0.0/100K.
Education
63.3% of adults in Minnetonka hold a bachelor's degree or higher
(88% above the national average).
97.3% have completed high school. Local schools score 7.2/10 in standardized testing.
Climate & Weather
Minnetonka has an average annual temperature of 47°F (8°C).
Winters average 16°F in January while summers reach 74°F in July. The area gets 270 sunny days per year. Annual precipitation totals 30.6 inches. Air quality is rated Good with a median AQI of 36.
Data Overview
People
Population53,256
Median Age42.8 yrs
Density1,978/mi²
Male / Female49% / 51%
Foreign Born13.6%
Veterans4.8%
Economy
A+
Median Income$120,496
Per Capita$73,713
Unemployment1.5%
Poverty2.5%
County GDP$7,614M
Avg Weekly Wage$1,297
Housing
A+
Home Value$456,200
Rent$1,758
Ownership72.5%
Zillow$472,418
Housing Units24,647
Rent Burden27.1%
Crime
F
Violent55/100K
Property1,417/100K
Murder0.0/100K
Assault28/100K
Burglary167/100K
Health
Obesity24.4%
Diabetes5.9%
Smoking8.8%
Heart Disease3.9%
Premature Death3,990/100K
Climate
Avg Temp47°F
Sunny Days270/yr
Rain30.6 in/yr
AQI36 (Good)
Elevation984 ft
Education
A+
Bachelor's+63.3%
High School+97.3%
Graduate+24.2%
School Score7.2/10
Community
2024 VoteR 52% / D 46%
Commute20 min
Broadband95.2%
Internet Speed126 Mbps
EV Stations13
Libraries7
Did You Know?
Minnetonka was founded in 1852.
The median home in Minnetonka was built in 1979.
25.8% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (12 miles).
The Gini coefficient (income inequality) is 0.415 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
9.1% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 126 Mbps.
There are 188 restaurants in the area.
The county recorded 9 fatal vehicle crashes.
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