Median Household Income
$119,517 ± $4,391
Median Home Value
$475,800 ± $10,710
Median Gross Rent
$1,779 ± $30/mo
Per Capita Income
$75,502
Poverty Rate
5.9%
Unemployment Rate
3.0%
Homeownership Rate
71.6%
Bachelor's Degree or Higher
65.0%
Median Age
42.9
Average Commute
14 min
Households
23,515
Veterans
1,872
Population Over Time
Minnetonka grew 4.3% from 2014 to 2024.
2014
50,897
2016
51,651
2018
52,546
2020
53,760
2022
53,529
2024
53,064
Population by Race & Ethnicity
White
81.5%
Hispanic or Latino
4.1%
Black or African American
4.2%
Asian
6.0%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.