Census Bureau data for Minnetonka city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Minnetonka city
- What is the median household income in Minnetonka city?
- The median household income in Minnetonka city is $120,496 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Minnetonka city?
- The poverty rate in Minnetonka city is 2.5% (U.S. Census Bureau ACS 2023).
- What is the median home value in Minnetonka city?
- $456,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in Minnetonka city?
- The median gross rent in Minnetonka city is $1,758 per month (U.S. Census Bureau ACS 2023).
- What percentage of Minnetonka city residents have a college degree?
- 63.3% of adults in Minnetonka city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
53,256
Median Income
$120,496
Median Home Value
$456,200
Poverty Rate
2.5%
Unemployment (ACS 2023)
2.2%
Median Age
42.0 yrs
Since 2019
Median Income:
+$24,866 (+26%)
Home Value:
+$108,300 (+31.1%)
Poverty Rate:
+0.2 pp (+8.7%)
Bachelor's+:
+3.1 pp (+5.1%)
Unemployment:
-0.8 pp (-26.7%)
Demographics
Total Population
53,256
Median Age
42.0
Female
50.7%
Race & Ethnicity
Hispanic or Latino 4.1%
White (non-Hisp.) 80.8%
Black 3.9%
Asian 6.7%
Two or More 6.6%
Other 1.0%
Asian Subgroups (% of total pop.)
Indian
3.9%
Chinese
1.1%
Korean
0.5%
Vietnamese
0.4%
Filipino
0.1%
Japanese
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
1.3%
Puerto Rican
0.1%
Cuban
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$120,496
±$4,470
+$32,940 vs. state
Per Capita Income
$157,807
Median Family Income
$159,691
Poverty Rate
2.5%
-3.0 pp vs. state
Child Poverty Rate
2.4%
Working-Age Poverty Rate
—
SNAP Recipients
3.4%
Social Security Income
—
Retirement Income
27.9%
Household Income Distribution
< $10k
2.2%
$10–15k
2.1%
$15–25k
2.8%
$25–35k
2.8%
$35–50k
7.4%
$50–75k
11.7%
$75–100k
11.4%
$100–150k
19.9%
$150–200k
14.1%
$200k+
25.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
24,595
Owner-Occupied
72.5%
Renter-Occupied
27.5%
Vacancy Rate
5.1%
Median Home Value
$456,200
+$150,700 vs. state
Median Gross Rent
$1,758
Owner Cost Burden (30%+)
16.9%
Renter Cost Burden (30%+)
33.4%
Home Value Distribution
< $50k
0.9%
$50–100k
0.9%
$100–200k
1.7%
$200–300k
10.1%
$300–500k
42.4%
$500k–$1M
34.7%
$1M+
5.5%
Gross Rent Distribution
< $500
3.6%
$500–1k
3.2%
$1–1.5k
18.9%
$1.5–2k
47.1%
$2–2.5k
14.8%
$2.5–3.5k
4.4%
$3.5k+
8.0%
Vehicle Availability
No vehicle
4.2%
1 vehicle
35.0%
2 vehicles
46.2%
3+
14.5%
Housing Type
Single-fam. det.
54.2%
Single-fam. att.
10.6%
2–4 units
0.5%
5–19 units
0.7%
20+ units
31.3%
Housing Age
Pre-1940
2.4%
1940–1969
2.4%
1970–1999
14.9%
2000–2009
5.6%
2010+
7.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
97.3%
Bachelor's or Higher
63.3%
+24.5 pp vs. state
Graduate Degree
24.9%
Some College / Associate
15.2%
Less Than High School
1.4%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
68.7%
Unemployment Rate
2.2%
-1.7 pp vs. state
Work from Home
25.8%
Self-Employed
5.6%
Government Workers
9.5%
Private For-Profit
84.7%
Industry
Edu/Health
22.8%
Prof. Services
17.8%
Manufacturing
12.8%
Finance
11.8%
Retail
10.5%
Arts/Entmt.
6.6%
Wholesale
3.6%
Construction
3.4%
Transportation
3.2%
Public Admin
2.4%
Information
1.5%
Agriculture
0.3%
Occupation
Management
60.3%
Sales
19.3%
Food Prep
10.2%
Production
7.0%
Construction
3.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
20.1 min
Drove Alone
66.3%
Carpool
4.7%
Public Transit
0.9%
Work from Home
25.8%
Walked
1.3%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
23,348
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
49.9%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
19.8%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
6.4%
5–9
5.7%
10–14
5.8%
15–19
4.8%
20–24
3.1%
25–34
14.1%
35–44
12.3%
45–54
11.8%
55–64
6.1%
65–74
7.6%
75–84
13.3%
85+
5.8%
Under 18: 21.5%
Working age (18–64): 78.5%
65 and over: 22.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
10.7%
Naturalized Citizen
54.4%
Speaks English Less Than Very Well
4.3%
Foreign-Born Origin
Asia
54.7%
Europe
21.5%
Africa
10.2%
Latin America
6.5%
Veterans & Disability
Veteran
4.8%
With a Disability
9.1%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.1%
Uninsured
1.9%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
95.2%
Has a Computer
97.0%
Same House 1 Year Ago
87.4%
Moved from Abroad
1.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023