Minnetonka, MN Census Data
Key demographic and economic indicators for Minnetonka, Minnesota from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-03-23 · Source: U.S. Census Bureau, ACS 2023
Population
53,256
49.3% male · 50.7% female
Median Age
42.8
4.1 above the national average (38.7 yrs)
Median Household Income
$120,496
41,958.0 above the national average ($78,538)
Bachelor's Degree or Higher
63.3%
28.3 above the national average (35.0%)
HS diploma or higher: 97.3%
Poverty Rate
4.8%
7.6 below the national average (12.4%)
Uninsured: 1.9%
Broadband Access
97.0%
7.3 above the national average (89.7%)
Median Home Value
$456,200
Median rent: $1,758 · 72% owner-occupied
Unemployment Rate
2.2%
Labor force participation: 67.1%
Demographics
Race & Ethnicity
Age Distribution
Commute to Work
Minnetonka, MN Frequently Asked Questions
What is the population of Minnetonka, MN?
The population of Minnetonka, MN is 53,256 according to the 2023 American Community Survey 5-year estimates. The median age is 42.8 years.
What is the median household income in Minnetonka?
The median household income in Minnetonka, MN is $120,496, above the national average of $78,538. Per capita income is $70,259.
What is the poverty rate in Minnetonka?
The poverty rate in Minnetonka, MN is 4.8%, compared to the national average of 12.4%. About 1.9% of residents lack health insurance.
What percentage of Minnetonka residents have a college degree?
63.3% of adults (25+) in Minnetonka hold a bachelor's degree or higher, and 97.3% have at least a high school diploma. The national average for bachelor's degree holders is 35.0%.
What is the median home value in Minnetonka?
The median home value in Minnetonka, MN is $456,200. Median rent is $1,758 per month, with 72% of housing units owner-occupied.
What is the racial makeup of Minnetonka?
Minnetonka's population is 81.8% White, 3.9% Black, 4.1% Hispanic or Latino, and 6.7% Asian (source: 2023 ACS).