Median Income
$114,867
household / year
Median Home Value
$430,800
owner-occupied
Median Rent
$1,673
gross / month
Cost of Living
104
national avg = 100

Is Minnetonka, MN a Good Place to Live?

Minnetonka is a mid-sized city of 53,529 in Minnesota, with a median household income of $114,867 and a 2.5% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Minnetonka stands out for lower-than-average crime, solid school ratings (A), a well-educated population, short average commutes.

Trade-offs: Potential downsides include high home prices. Whether Minnetonka is right for you depends on your priorities — the full breakdown is below.

All Minnetonka city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 104.5

Minnetonka's overall cost of living index is 104.5, where 100 represents the US national average. Living in Minnetonka costs roughly 4% more than the average American city.

Metric Minnetonka, MN National Avg
Median Home Value $430,800 $244,900
Median Monthly Rent $1,673 $1,163
Homeownership Rate 72.2% 65.9%
Median Household Income $114,867 $74,755

Crime & Safety

Very Safe

Minnetonka's violent crime rate is 115.5 per 100,000 residents — 70% lower than the national average of ~380 per 100,000.

Violent Crime
115.5 /100k
Property Crime
1638.6 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Minnetonka is served primarily by MINNETONKA PUBLIC SCHOOL DISTRICT. The student-to-teacher ratio is 15.7:1 (better than the national average of ~16:1).

Metric Minnetonka, MN National Avg
School District MINNETONKA PUBLIC SCHOOL DISTRICT
Elementary Schools 7
Middle Schools 2
High Schools 3
Student/Teacher Ratio 15.7:1 16:1
Bachelor's Degree or Higher 62.9% 35.4%
High School Diploma or Higher 97.4% 91.1%

Weather & Climate

Minnetonka sees average highs of 23.6°F in January and 82.3°F in July, with 32.7 inches of annual precipitation and 54.3 inches of snow per year.

MetricMinnetonka, MN
Average High — January23.6°F
Average High — July82.3°F
Annual Precipitation32.7"
Annual Snowfall54.3"

Demographics

MetricMinnetonka, MNNational Avg
Population53,529
Median Age42.538.9
Unemployment Rate2.5%3.7%
Avg Commute Time20.1 min26 min
White (non-Hispanic)83.4%59.3%
Black or African American4.0%13.6%
Hispanic or Latino2.7%18.9%
Asian6.5%6.3%
Under 1820.8%22.2%
65 and over21.4%16.8%

Nearby Cities

ZIP Codes in Minnetonka

Minnetonka, MN is covered by 3 ZIP codes:

Minnetonka vs Other Cities

Frequently Asked Questions

Minnetonka's cost of living index is 104, where 100 is the national average. That puts Minnetonka roughly 4% above the national average in cost. The median home price is $430,800 and median rent is $1,673/month.
Minnetonka's violent crime rate is 115.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1638.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Minnetonka are operated by MINNETONKA PUBLIC SCHOOL DISTRICT. The district has 7 elementary, 2 middle, and 3 high schools. The student-to-teacher ratio is 15.7:1. 62.9% of adults 25+ hold a bachelor's degree or higher.
Minnetonka, MN has a population of 53,529, a median household income of $114,867, and an unemployment rate of 2.5%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Minnetonka averages 23.6°F in January and 82.3°F in July. Annual rainfall is 32.7 inches with about 54.3 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Minnetonka, MN is covered by 3 ZIP codes: 55345, 55305, 55343.
The population of Minnetonka, Minnesota is 53,529 with a median age of 42.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Minnetonka: cost of living index 104 (100 = US average), median home $430,800, median household income $114,867, crime index 49 (100 = US average, lower is safer), schools rated A. Whether these are benefits or drawbacks depends on where you're coming from — compare Minnetonka side by side with your current city to see the trade-offs.