Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.9 yrs |
|---|---|
| Avg HH Size | 2.51 |
| Below Poverty | 4.1% ▼ 59% below avg |
| College Grads | 71.3% ▲ 84% above avg |
| Unemployment | 1.9% ▼ 61% below avg |
| No HS Diploma | 259 (1.8%) |
| HS Graduate | 1,615 (11%) |
| Some College | 792 (5.4%) |
| Associates | 1,553 (10.6%) |
| Bachelors | 1,085 (7.4%) |
| Graduate Degree | 9,371 (63.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $143,287 ▲ 88% above avg |
|---|---|
| Median Home Value | $478,800 ▲ 72% above avg |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Median Rent | $1,444/mo |
| Total Housing Units | 8,834 |
| Vacant Units | 401 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Minnetonka is a city in Minnesota, located in Hennepin County. The city spans 1 ZIP code and is home to approximately 21,255 residents. It is a middle-aged city, with a median age of 43.9 years.
Economically, Minnetonka is a upper-middle-income community. The median household income of $143,287 is significantly above the national average. Approximately 4.1% of residents live below the poverty line. The unemployment rate is 1.9%, well below the national average.
The real estate market in Minnetonka is a premium housing market. Median home values stand at $478,800, which is significantly above the national average. Renters typically pay around $1,444 per month. Homeownership is high at 86.3%, typical of suburban and family-oriented communities.
The population of Minnetonka is highly educated. 71.3% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (83.17%).
Minnetonka, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55345 | 21,255 | $143,287 | $478,800 | $1,444 | 1.9% | 71.3% | 86.3% |