Minnetonka, MN cityscape

55345

Minnetonka, MN

Total Population
21,440
Median Household Income
$134,288
Median Home Value
$451,800
Median Rent
$1,477

Quick Facts & Insights

Key metrics and how they compare

Household Income
$134,288
101.5% above state median
Home Value
$451,800
103.1% above state median
Rent
$1,477
100% above state median
Median Age
43.9 years

Data Sources & Accuracy

U.S. Census Bureau:Population, age, income, education, employment, and housing characteristics are from the American Community Survey (ACS) 5-Year Estimates (2018–2022 release).
Zillow (ZHVI):Typical home values reflect the Zillow Home Value Index (smoothed, seasonally adjusted), published monthly.

Estimates carry a margin of error and describe the ZIP-code area as a whole, not any individual property or block. See our methodology and data sources for details, or report a problem on our corrections page.

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Location Map

Minnetonka, MN 55345

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Demographics Overview

Population statistics from the U.S. Census Bureau (ACS 5-year estimates)

Key Demographic Insightsfor Minnetonka, MN

Median household income is 101% below state average, suggesting more affordable cost of living.

High education levels with 64.5% holding bachelor's degrees or higher, well above national average of 33%.

Strong job market with unemployment rate of 1.8%, below national average.

Low poverty rate of 3.6%, well below national average.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income
$134,288
+78.7% vs US
vs State Median
+-101.5%
State: $-9,260,947
Income Distribution
30.8%
Under $50k
18.5%
Over $100k
Lower Income
Middle Income
Higher Income
Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 2.50 people

Total Households
8,535
Family Households
57.2%

Employment by Industry

Where residents work

#1 Industry
Finance
32.2%
#2 Industry
Education
27.5%
#3 Industry
Manufacturing
20.2%
Total Employed Residents:6,483

Commute Patterns

How residents get to work

Short Commute
1.4%
Under 10 minutes
Long Commute
2.2%
Over 60 minutes
Work From Home
2.6%
218 workers
Public Transit
0.7%
63 workers
Total Commuting Workers:8,527
Commute Insights

Labor Force Statistics

Employment Rate
98.2%
11,417 employed
Labor Force
11,629
212 unemployed
Median Age
43.9 years
Per Capita Income
$66,442
Poverty Rate
3.6%

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