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Tonka Bay, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,270
Population
$156,458
Median Income
$917,100
Home Value
59.8
Median Age

Demographics

Tonka Bay has a population of 1,270 with a median age of 59.8. Here is the racial and ethnic breakdown of the population:

White
93.0%
Other
3.6%
Hispanic
2.5%
Demographic Value
Total Population1,270
Median Age59.8
White93.0%
Black or African American0.4%
Asian0.5%
Hispanic or Latino2.5%
Other / Two or More Races3.6%
Tonka Bay, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 93.0%Other: 3.6%Hispanic/Latino: 2.5%Other: 0.9%1,270PopulationWhiteWhite93.0%OtherOther3.6%Hispanic/LatinoHispanic/Latino2.5%OtherOther0.9%

Income & Economy

The median household income in Tonka Bay is $156,458, which is 94.1% above the national median of $80,610. The per capita income is $122,757. The poverty rate is 3.5%.

$156,458
Median Household Income
$122,757
Per Capita Income
3.5%
Poverty Rate

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Education

In Tonka Bay, 100.0% of residents age 25+ have a high school diploma or higher, and 63.3% hold a bachelor's degree or higher (24.0% with a graduate or professional degree).

HS Diploma+
100.0%
Bachelor's+
63.3%
Graduate+
24.0%
Education Level % of Adults (25+)
High School Diploma or Higher100.0%
Bachelor's Degree or Higher63.3%
Graduate or Professional Degree24.0%

Housing

The median home value in Tonka Bay is $917,100, above the national median of $303,400. The median monthly rent is $2,320. The homeownership rate is 81.4%.

$917,100
Median Home Value
$2,320/mo
Median Rent
81.4%
Homeownership Rate
Housing Metric Value
Median Home Value$917,100
Median Monthly Rent$2,320
Homeownership Rate81.4%
Vacancy Rate11.1%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Tonka Bay, Minnesota?
The population of Tonka Bay, Minnesota is 1,270 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Tonka Bay, Minnesota?
The median household income in Tonka Bay, Minnesota is $156,458. This is 94.1% above the national median of $80,610.
What is the median home value in Tonka Bay, Minnesota?
The median home value in Tonka Bay, Minnesota is $917,100. The median monthly rent is $2,320.
What percentage of people in Tonka Bay have a college degree?
In Tonka Bay, Minnesota, 63.3% of adults age 25 and older hold a bachelor's degree or higher, and 100.0% have a high school diploma or higher.
Is Tonka Bay, Minnesota an affordable place to live?
The home price-to-income ratio in Tonka Bay, Minnesota is 5.9x (median home value $917,100 vs. median income $156,458), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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