Population 52,153 · Census ACS 2020–24
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Population and households in Minnetonka
Household size in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.31 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.29 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.34 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.30 | 2.58 | 2.52 | 2.65 |
| Change | −0.01 | −0.00 | +0.00 | −0.03 |
Households in Minnetonka are small: just 2.30 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Households are largest in the west and smallest in the southeast.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 43.6 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 45.0 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 45.5 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 43.8 | 39.2 | 40.0 | 40.1 |
| Change | +0.1 | +2.5 | +2.1 | +2.3 |
The median resident of Minnetonka is 43.8 years old, older than the national median of 40.1. Minnetonka is older than most Minnesota cities.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.4% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 6.2% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 6.3% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 6.7% | 9.8% | 9.6% | 11.6% |
| Change | +0.2 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single parents head only 6.7% of households in Minnetonka, well below the national share of 11.6%. Minnetonka has a lower share of single-parent households than at least four in five Minnesota cities.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Minnetonka
Renters in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 26.7% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 27.8% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 31.1% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 28.5% | 29.3% | 27.8% | 34.8% |
| Change | +1.7 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Most households in Minnetonka own their homes; 28.5% rent, a little below the national share of 34.8%. Among homeowners, 34.0% have no mortgage at all, below the national share of 39.8%. Rentals cluster in the northeast; owners are most common in the west. The renter share is up 1.7 points from 2006–10, mirroring the country.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.9% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 6.6% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 4.8% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 6.3% | 5.7% | 8.3% | 9.6% |
| Change | −0.7 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Vacancy is on the low side in Minnetonka: 6.3% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. The picture is much the same across the Minneapolis area. Vacancy has edged down 0.7 points since 2006–10, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1974 | 1975 | 1973 | 1974 |
| 2010–14 | 1974 | 1976 | 1974 | 1975 |
| 2015–19 | 1976 | 1977 | 1975 | 1977 |
| 2020–24 | 1977 | 1980 | 1978 | 1980 |
| Change | +3 | +4 | +5 | +6 |
Homes in Minnetonka are about the same age as the nation's housing: the median home was built in 1977, versus 1980 nationally. The newest homes are mostly in the southeast, the oldest in the center.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,144 | $1,007 | $882 | $965 |
| 2010–14 | $1,275 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,609 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,783 | $1,603 | $1,404 | $1,571 |
| Change | +$639 | +$597 | +$522 | +$606 |
The median renter in Minnetonka pays $1,783 a month for rent and utilities, above the national median of $1,571. Rent has climbed $639 a month since 2006–10, up 56%, a slower climb than the nation's. The typical renter here spends 31.3% of household income on rent, just over the 30% mark often used to define affordable rent. Rents run highest in the northeast and lowest in the southwest.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Minnetonka
Bachelor's degrees in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 53.0% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 55.7% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 60.5% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 65.4% | 45.4% | 39.6% | 35.6% |
| Change | +12.4 pts | +8.1 pts | +7.4 pts | +7.2 pts |
Minnetonka is highly educated: about two-thirds of adults 25 and older (65.4%) hold at least a bachelor's degree, far above the national share of 35.6%. Since 2006–10, the share with a degree has risen 12.4 points, mirroring the country. Of the 188 Minnesota cities with 5,000+ people, only 12 have a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 97.7% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 97.3% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 97.1% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 98.1% | 94.0% | 93.7% | 89.3% |
| Change | +0.4 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in Minnetonka: 98.1% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Only 14 of the 188 Minnesota cities with 5,000+ people have a higher share of high school graduates.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Minnetonka
| Period | Minnetonka | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.0% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 5.5% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 3.0% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 3.1% | 4.0% | 4.1% | 5.4% |
| Change | −1.9 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in Minnetonka has been low: just 3.1% of the labor force was out of work and looking, well below the national rate of 5.4%. Unemployment is down 1.9 points from 2006–10, mirroring the country. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Minnetonka compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Minnetonka | 2.30 | 43.8 | 6.7% | 28.5% | 6.3% | 1977 | $1,783 | 65.4% | 98.1% | 3.1% |
| Hopkins | 1.97 | 41.8 | 11.3% | 60.2% | 7.7% | 1968 | $1,541 | 46.6% | 94.4% | 5.7% |
| Woodland | 2.57 | 46.8 | 3.5% | 2.0% | 9.0% | 1979 | $1,718 | 83.8% | 99.7% | 4.3% |
| Deephaven | 2.47 | 49.5 | 5.7% | 11.0% | 8.1% | 1968 | $1,498 | 82.4% | 98.7% | 1.5% |
| Wayzata | 2.21 | 51.2 | 5.3% | 39.2% | 11.7% | 1986 | $2,130 | 72.1% | 98.9% | 1.8% |
| Medicine Lake | 2.01 | 44.9 | 8.2% | 34.9% | 2.5% | 1981 | $1,659 | 69.8% | 97.9% | 1.5% |
| St. Louis Park | 2.09 | 37.7 | 6.1% | 42.6% | 6.5% | 1966 | $1,812 | 64.6% | 97.1% | 3.3% |
| Greenwood | 2.52 | 48.7 | 5.4% | 23.7% | 19.3% | 1980 | $1,687 | 74.8% | 98.9% | 1.2% |
| Eden Prairie | 2.53 | 42.6 | 7.0% | 24.0% | 4.4% | 1989 | $1,969 | 64.4% | 96.5% | 3.5% |
| Edina | 2.44 | 46.1 | 5.9% | 28.0% | 5.8% | 1968 | $2,084 | 73.5% | 98.3% | 4.1% |
| Golden Valley | 2.23 | 43.9 | 5.9% | 29.4% | 8.8% | 1974 | $1,906 | 58.9% | 96.6% | 4.6% |
All figures 2020–24.
Cities with similar populations: Glendora, CA · Port Arthur, TX · Spanaway, WA · Sterling, VA · Stratford, CT · Taunton, MA · Tooele, UT · Valley Stream, NY · West New York, NJ · Galveston, TX
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Minnetonka. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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