Minnetonka, MN Census Data
The 18th largest city in Minnesota by population · 19 cities ranked
Minnetonka is the 18th largest city in Minnesota by population and ranks 7th of 19 for median household income. With 53,256 residents, it has a lower poverty rate than 14 other Minnesota cities. This snapshot draws from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-04-13 · 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 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%
Per Capita Income
$70,259
Individual average income (not household)
Veteran Population
4.8%
Disability rate: 9.1%
How Minnetonka Compares to Other Minnesota Cities
Rankings among all 19 Minnesota cities tracked in the 2023 ACS.
| Ranking | Position | Tier |
|---|---|---|
| Largest by Population | 18th of 19 | Bottom 25% |
| Highest Median Income | 7th of 19 | Top half |
| Lowest Poverty Rate | 5th of 19 | Top half |
| Highest Bachelor's Attainment | 4th of 19 | Top 25% |
| Highest Home Value | 4th of 19 | Top 25% |
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).
How does Minnetonka rank among Minnesota cities?
Minnetonka is the 18th largest city in Minnesota by population, the 7th highest for median household income, the 5th lowest for poverty rate, the 4th highest for bachelor's degree attainment among 19 ranked Minnesota cities.
What is the unemployment rate in Minnetonka?
The unemployment rate in Minnetonka, MN is 2.2%, with a labor force participation rate of 67.1%. Per capita income is $70,259.
Cities Similar to Minnetonka
Other Minnesota cities with comparable population and income levels.