About

Life in Minnetonka

Minnetonka offers the economic stability of a corporate hub without feeling like a business park—Cargill and UnitedHealth Group anchor the job market here, which translates to real employment security and decent salaries across sectors. The median household income tops $120,000 and unemployment sits at 3.4%, so if you're looking for career prospects in the Twin Cities region, this is solid ground. That said, it comes with a cost: median home prices hover around $476,000, and rent runs $1,779 monthly, so this isn't an affordable suburb by regional standards.

Minnetonka at a Glance

Population, income, housing and more

Median Age

42.9 yrs

Poverty Rate

5.9%

Foreign-Born

11.3%

Broadband Internet

95.5%

of households

Population Growth

+0.3%

recent change · Census Bureau

Median household income

Minnetonka$119,517
Minnesota avg$89,062
US$80,734

Demographics11.3% foreign-born, most often from India

Who lives in Minnetonka: race and ethnicity, ages, households, languages and countries of origin

In Minnetonka, the largest foreign-born group is from India (19.5%), and 2.8% of residents speak Other Asian/Pacific at home.

Under 18

21.3%

of residents

65 and Older

22.8%

of residents

Households with Kids

25.9%

anyone under 18

Living Alone

32.5%

of households

Married Couples

50.1%

of households

Avg Household Size

2.24

people

Race & Ethnicity

White80.9%
Asian6.0%
Two or more races4.3%
Black4.2%
Hispanic or Latino4.1%

Hispanic or Latino of any race; other groups are non-Hispanic

Top countries of origin (foreign-born)

India19.5%
China7.3%
Canada7.0%
Russia5.3%
Somalia4.9%
Korea3.4%
Ukraine3.2%
Colombia2.5%
Uganda2.4%
Nigeria2.2%

Languages Spoken at Home

English only85.5%
Other Asian/Pacific2.8%
Spanish2.6%
Other2.1%
Russian/Slavic2.0%
Other Indo-European1.6%
Chinese1.3%
French/Haitian0.7%

Cost of Livingrent 39% above MN average

Rent, home values, and income in Minnetonka

In Minnetonka, rent runs 39% above the MN average, and home values are 44% above the MN average.

Median rent (per month)

Minnetonka$1,779
Minnesota avg$1,280
US$1,413

Median home value

Minnetonka$475,800
Minnesota avg$329,300
US$332,700

Rent Burdened

44.6%

spending 30%+ of income on rent

Severely Rent Burdened

23.0%

spending 50%+

Cost of Living Index

104.8

metro area (BEA) · US avg = 100

Median Property Tax

$5,285

per year, owner-occupied homes

Homeowners

71.6%

of occupied homes are owned

Typical Home Built

1981

median year built

Vacant Homes

5.0%

of housing units

Home Value Trend

$418,657
$484,605
202120222023202420252026

Latest: $484,605 (September 2026)

Jobs & Economyunemployment 0.5 pts below MN average

Unemployment in Minnetonka and typical pay across the metro area

Unemployment in Minnetonka is 0.5 percentage points lower than the MN average.

Unemployment rate

Minnetonka3.4%
Minnesota avg3.9%
US4.3%

City-level rate · BLS annual average

Unemployment Rate — 10 Year Trend

3.2%
2.9%
2.4%
2.7%
5.4%
3.1%
2%
2.3%
2.8%
3.4%
2016201720182019202020212022202320242025

City-level (BLS) · Annual averages

What Minnetonka Residents Do for Work · share of employed residents by industry

Education & health care22.9%
Professional & business services17.6%
Manufacturing13.2%
Finance & real estate11.4%
Retail11.0%
Arts, hospitality & food service7.1%
Transportation & utilities3.6%
Construction3.2%

City residents, wherever they work

Median Salary by Occupation · metro area

Management$127,570
Healthcare$92,930
Business & Finance$81,780
Education$58,630
Office & Admin$49,210
Production$47,230
Transportation$46,500
Sales$40,720

Minneapolis-St. Paul-Bloomington, MN-WI metro area

Commute19.3 min avg

How Minnetonka residents get to work, and the nearest airports

In Minnetonka, most residents drive alone to work (65%), and 81% get there in under 30 minutes.

How People Get to Work

Drive alone65.1%
Carpool4.2%
Public transit0.5%
Walk1.2%
Work from home27.4%
Other1.6%

Commute Time Distribution

Under 15 min30.7%
15–29 min49.9%
30–44 min16.1%
45–59 min2.1%
60+ min1.2%

Nearest airports · with airline service

  • Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP)

    Major hub17.5M passengers boarded in 2025

    13 mi

Straight-line distance. Size is the FAA’s hub category, based on passenger traffic: regional airports may have only a few flights a day.

Safetyviolent crime 69% below national average

Crime rates for 2025

Violent crime in Minnetonka runs 69% below the national average.

Violent Crime Rate

101.4

per 100,000 residents

Below average (329 national, 2025)

Property Crime Rate

1,298.4

per 100,000 residents

Below average (1,552 national, 2025)

Minnetonka Police Department

Natural DisastersThunderstorm Wind most common — 25 events in 2025

Natural hazard risk, storms and earthquakes

FEMA National Risk Index

Relatively High

98.3 / 100

Compares expected losses from natural hazards, social vulnerability and community resilience against every US county (higher = more risk).

Cold wave · Very HighHail · Very HighStrong wind · Very HighTornado · Very HighWinter weather · Very High

Hennepin County, county-wide · FEMA NRI December 2025

In Hennepin County, which includes Minnetonka, the most common type is thunderstorm wind, with 25 recorded events in 2025.

Most common events:

Thunderstorm WindWinter StormHailWinter WeatherExtreme Cold/Wind Chill

Storm events by year

YearEventsTop TypeProperty Damage
202525Winter WeatherNone reported
202418Thunderstorm WindNone reported
202320Winter Storm$14.0M
202216Thunderstorm Wind$43,700
20219Thunderstorm Wind$512,500
202016Winter Storm$1.3M
201916Winter Storm$255,000
201816Winter Storm$25,000

Property damage is the National Weather Service's estimate filed with each event. “None reported” means the events were logged with $0 damage; “Not estimated” means no estimate was filed. Storms covering several counties aren't counted here, since NOAA doesn't split their damage by county.

0 earthquakes of magnitude 2.5+ within 100 miles in the past year

Hennepin County, county-wide

Minnetonka is about 4% of Hennepin County’s population, so county-wide figures may differ from local conditions.

Air Quality45 median AQI — Good

Days by air quality category (2025)

Air quality in Hennepin County, which includes Minnetonka, is typically good — 211 good-air days per year.

Median AQI

45

Good Days

211

per year

Moderate Days

144

per year

Unhealthy Days

6

per year

Hennepin County, county-wide

Minnetonka is about 4% of Hennepin County’s population, so county-wide figures may differ from local conditions.

Climate80°F summers, 10°F winters

30-year climate averages (1991–2020) — monthly temperatures and precipitation

Minnetonka has warm summers (avg high 80°F) and very cold winters (avg low 10°F).

Spring (Mar–May)

56°/35°F

avg high / low

Summer (Jun–Aug)

80°/61°F

avg high / low

Fall (Sep–Nov)

57°/39°F

avg high / low

Winter (Dec–Feb)

27°/10°F

avg high / low

Annual Precipitation

32.7"

Annual Snowfall

54.3"

Hot Days/Year

9

days above 90°F

Freeze Days/Year

156

days below 32°F

Rainy Days/Year

121

Average month

High °FLow °FPrecip (in)
-10°10°30°50°70°90°5"Jan: 0.95" precipitationFeb: 1.02" precipitationMar: 1.88" precipitationApr: 3.31" precipitationMay: 4.49" precipitationJun: 4.64" precipitationJul: 4.51" precipitationAug: 4.18" precipitationSep: 3.45" precipitationOct: 2.98" precipitationNov: 1.87" precipitationDec: 1.40" precipitation7°JJan: high 24°F, low 7°FFFeb: high 29°F, low 11°FMMar: high 42°F, low 23°FAApr: high 57°F, low 35°FMMay: high 69°F, low 48°FJJun: high 78°F, low 58°F82°JJul: high 82°F, low 63°FAAug: high 80°F, low 61°FSSep: high 72°F, low 52°FOOct: high 57°F, low 39°FNNov: high 41°F, low 26°FDDec: high 29°F, low 14°F
Show month-by-month table ↓
MonthHighLowPrecip
Jan24°F7°F0.95"
Feb29°F11°F1.02"
Mar42°F23°F1.88"
Apr57°F35°F3.31"
May69°F48°F4.49"
Jun78°F58°F4.64"
Jul82°F63°F4.51"
Aug80°F61°F4.18"
Sep72°F52°F3.45"
Oct57°F39°F2.98"
Nov41°F26°F1.87"
Dec29°F14°F1.40"

Healthcare

Hospitals, ratings, and health insurance in Minnetonka

Uninsured

1.3%

of residents

No hospitals inside Minnetonka's limits — nearest hospitals · within 15 miles

Park Nicollet Methodist Hospital

Acute Care Hospitals · ER available · 4.8 mi away · Saint Louis Park

M Health Fairview Southdale Hospital

Acute Care Hospitals · ER available · 7.2 mi away · Edina

North Memorial Health Hospital

Acute Care Hospitals · ER available · 8.8 mi away · Robbinsdale

Adult Health · vs. the typical US place

Obesity24.5%US 36.8%
Diabetes7.6%US 12.6%
High blood pressure29.4%US 37.1%
Current smoking8.6%US 15.0%
No leisure-time physical activity15.9%US 26.6%
Depression24.9%US 23.0%
Asthma9.3%US 10.7%
Routine checkup in past year77.0%US 78.2%

Share of adults. Modeled estimates, not counted cases. “US” = the typical US place.

Medicare-certified hospitals only. Doesn’t include clinics, urgent care, or freestanding ERs.

Education15.8:1 student/teacher ratio

Schools and degree attainment in Minnetonka

Minnetonka's student/teacher ratio is 15.8:1, close to the national average of 16:1, and 65.0% of adults 25+ hold a bachelor's degree or higher.

Public Schools

26

within city limits

Private Schools

3

within city limits

College Degree Rate

65.0%

adults 25+ with bachelor's or higher

Student/Teacher Ratio

15.8:1

National avg 16:1

Schools located within city limits (2023) — school-level metrics change slowly year to year

Colleges Near Minnetonka (within 15 miles)

University of Minnesota-Twin Cities

11.3 mi away

Public · 4-year · 31,855 students · in-state tuition $18,482 · 83% graduate · median earnings $74,314 (10 yrs after entry)

Capella University

9.8 mi away

Private for-profit · 4-year · 18,364 students · in-state tuition $14,328 · 32% graduate · median earnings $51,254 (10 yrs after entry)

Walden University

10.1 mi away

Private for-profit · 4-year · 9,136 students · in-state tuition $13,140 · 33% graduate · median earnings $54,715 (10 yrs after entry)

Normandale Community College

9.5 mi away

Public · 2-year · 7,044 students · in-state tuition $6,567 · 26% graduate · median earnings $55,051 (10 yrs after entry)

University of St Thomas

13.3 mi away

Private nonprofit · 4-year · 6,245 students · in-state tuition $56,460 · 78% graduate · median earnings $82,322 (10 yrs after entry)

North Hennepin Community College

12.8 mi away

Public · 2-year · 3,451 students · in-state tuition $5,244 · 25% graduate · median earnings $55,487 (10 yrs after entry)

Degree-granting colleges with 100+ students, placed by campus location (main campuses only — branch campuses are reported under their parent school)

Parks & Recreationclosest: Mississippi National River & Recreation Area, 18 mi

Nearby national parks, recreation areas and public libraries for Minnetonka

Minnetonka has 2 nearby national parks or recreation areas, closest being Mississippi National River & Recreation Area (18 mi away).

Nearby National Parks & Recreation Areas

Mississippi National River & Recreation Area

National River & Recreation Area

18 mi away

Saint Croix National Scenic Riverway

National Scenic Riverway

75 mi away

Public Libraries in Minnetonka

Minnetonka Library

17524 Excelsior Boulevard, Minnetonka

Branch~47 hrs/week

Ridgedale Library

12601 Ridgedale Drive, Minnetonka

Branch~63 hrs/week

Cities Near Minnetonka

The closest cities within 60 miles

Planning a move to Minnetonka?

Read our full moving guide — what it's really like to live here.

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Minnetonka FAQ

Is Minnetonka, Minnesota affordable?⌄

Minnetonka's median rent is $1,779/month, which is above the national average. The median household income is $119,517/year. Median home value is $475,800.

Is Minnetonka, Minnesota safe?⌄

Minnetonka's violent crime rate was 101 per 100,000 residents in 2025, which is well below the national average — one of the safer cities in the country of 329/100k that year. Property crime rate is 1298 per 100,000. As with any city, crime rates vary by neighborhood.

What is the job market like in Minnetonka, Minnesota?⌄

Minnetonka has an unemployment rate of 3.4%, which is solid, slightly below the national average of 4.3%.

What is the cost of living in Minnetonka, Minnesota?⌄

The cost of living in Minnetonka is primarily driven by housing. Median rent is $1,779/month and median household income is $119,517/year. The median home value is $475,800. About 45% of renters spend more than 30% of their income on housing.

How is the commute in Minnetonka, Minnesota?⌄

The average commute in Minnetonka is 19 minutes, which is shorter than average compared to the national average of 26 minutes.

Data from the US Census Bureau, BLS, FBI, NOAA, EPA, Zillow Research and other public sources. Where our data comes from