Is Minnetonka, Minnesota a Good Place To Live? - Living In Minnetonka, MN

Is Minnetonka, Minnesota a good place to live?
Minnetonka is a city in Minnesota state in USA with a population of 53760 residents.. The poverty rate of Minnetonka is 3.5%, which is 75% lower than national average. The typical household in Minnetonka earns $100363 a year, compared to the national median of $67,500. Nearly 22.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Minnetonka, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Minnetonka remained 2.3%, which is 51% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Minnetonka, only 61% of adults have a bachelor's degree and 23% have some college but no degree.

Cost of living in Minnetonka is 121, which is 21% higher than national average. Median home value in Minnetonka is $362100 , which is 58% higher than national average. While median income in Minnetonka remained $100363, which is 49% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
53760
Unemployment
2.3%
51% NAT AVG.
Poverty
3.5%
75% NAT AVG.
Overall Score
10
Median Home Cost
$362100
58% NAT AVG.
Median Income
$100363
49% NAT AVG.
Median Rent
$1467
26% NAT AVG.
Cost Of Living
121
21% NAT AVG.
People Living BPL
1 in 29
Unemployed People
1 in 43
People Earning < $10,000
1 in 36
People Earning < $50,000
22.6%
People with <= High School
1 in 6.3
People With Any Degree
1 in 1.5
Pros & Cons Overview

Jobs90%

Housing90%

Affordability70%

Safety85%

Amenities90%

Diversity70%

Education90%

Commute80%