Last updated: 2024 BLS data · Page refreshed:
Minnetonka has a population of 53,064 with a median age of 42.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 53,064 |
| Median Age | 42.9 |
| White | 81.5% |
| Black or African American | 4.2% |
| Asian | 6.0% |
| Hispanic or Latino | 4.1% |
| Other / Two or More Races | 4.2% |
The median household income in Minnetonka is $119,517, which is 48.3% above the national median of $80,610. The per capita income is $75,502. The poverty rate is 5.9%.
The unemployment rate in Minnetonka is 2.7%, compared to the national rate of 4.1%.
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In Minnetonka, 98.3% of residents age 25+ have a high school diploma or higher, and 65.0% hold a bachelor's degree or higher (25.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.3% |
| Bachelor's Degree or Higher | 65.0% |
| Graduate or Professional Degree | 25.2% |
The median home value in Minnetonka is $475,800, above the national median of $303,400. The median monthly rent is $1,779. The homeownership rate is 71.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $475,800 |
| Median Monthly Rent | $1,779 |
| Homeownership Rate | 71.6% |
| Vacancy Rate | 5.0% |
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