Tonka Bay, MN

Full City Profile · Minnesota · Carver County County

4.1 /5.0
A Great
1,361 Population 1,448/sq mi density
$151,563 Median Income $133,352 per capita
$869,900 Home Value $1,129,962 Zillow
$2,299 Median Rent 19.6% income on rent
47°F Avg Temperature
A
Overall
4.1 / 5.0
Strong
B+
Economy
3.9 / 5.0
$151,563 median income, 9.1% unemployment
B
Affordability
3.4 / 5.0
$869,900 home value, $2,299/mo rent
A+
Education
5.0 / 5.0
64.8% bachelor's degree or higher

Tonka Bay, MN

At a Glance

Median Income
$151,563
102% above
$133,352 per capita
Home Value
$869,900
209% above
Zillow: $1,129,962
Median Rent
$2,299/mo
98% above
19.6% of income on rent
Bachelor's Degree+
64.8%
92% above
99.4% high school+
Unemployment
9.1%
153% above
1.1% poverty rate
Obesity Rate
25.7%
20% below
10.1% smoking rate
Avg Temperature
47°F

How Tonka Bay Compares to the U.S. Average

Each bar shows Tonka Bay's value as a percentage of the national average (100% = U.S. avg)

Income
202%
Home Value
309%
Rent
198%
Poverty
9%
Bachelor's
192%
Unemployment
253%
Thin vertical line = U.S. national average (100%)

Is Tonka Bay a Good Place to Live?

A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Tonka Bay residents earn a median household income of $151,563 , which is 102% above the national average of $75,149. Per capita income is $133,352. The unemployment rate stands at 9.1% (153% above the U.S. rate of 3.6%). 1.1% 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 Tonka Bay is $869,900 , 209% above the national median of $281,900. Zillow estimates the typical home at $1,129,962. Median rent is $2,299/month, with 19.6% 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 1976.

Education

64.8% of adults in Tonka Bay hold a bachelor's degree or higher (92% above the national average). 99.4% have completed high school. Local schools score 7.2/10 in standardized testing.

Climate & Weather

Tonka Bay has an average annual temperature of 47°F (8°C). Winters average 16°F in January while summers reach 74°F in July. Annual precipitation totals 30.6 inches.

Data Overview

People

Population1,361
Median Age57.7 yrs
Density1,448/mi²
Male / Female51% / 49%
Foreign Born4.3%
Veterans7.4%

Economy

B+
Median Income$151,563
Per Capita$133,352
Unemployment9.1%
Poverty1.1%
County GDP$7,614M
Avg Weekly Wage$1,297

Housing

B
Home Value$869,900
Rent$2,299
Ownership86.8%
Zillow$1,129,962
Housing Units655
Rent Burden19.6%

Health

Obesity25.7%
Diabetes6.3%
Smoking10.1%
Heart Disease4.3%
Premature Death3,990/100K

Climate

Avg Temp47°F
Rain30.6 in/yr
Elevation932 ft

Education

A+
Bachelor's+64.8%
High School+99.4%
Graduate+20.7%
School Score7.2/10

Community

2024 VoteR 52% / D 46%
Commute26 min
Broadband94.7%
Internet Speed126 Mbps
EV Stations1
Libraries7

Did You Know?

The median home in Tonka Bay was built in 1976.
34.4% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (18 miles).
The Gini coefficient (income inequality) is 0.415 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
8.4% of the population has a disability.
Average internet download speed is 126 Mbps.
There are 188 restaurants in the area.
The county recorded 9 fatal vehicle crashes.