Pros and Cons of Living In Minnetonka, Minnesota. Is Minnetonka, MN a Nice Place To Live or Retire?

Minnetonka, Minnesota

Moving to Minnetonka In Minnesota ? Is Minnetonka, MN a Nice Place To Live? Pros and Cons of Living in Minnetonka, Minnesota. Find out the best and worst about to live, raise a family or retire in Minnetonka.

Minnetonka ( MIN-i-TONG-kə) is a city in Hennepin County, Minnesota, United States. A western suburb of the Twin Cities, Minnetonka is located about 10 miles (16 km) west of downtown Minneapolis. At the 2020 census, the city's population was 53,781.

Minnetonka is the home of Cargill, the country's largest privately owned company, and UnitedHealth Group, the state's largest publicly owned company. Interstate 494 runs through the city while Interstate 394 (U.S. Route 12) and U.S. Route 169 are situated along the suburb's northern and eastern boundaries respectively.

DEMOGRAPHICS

Population
53760
Unemployment
2.3%
51% NAT AVG.
Poverty
3.5%
75% NAT AVG.
Cost Of Living
121
21% NAT AVG.

ECONOMICS

Median Home Cost
$362100
58% NAT AVG.
Median Income
$100363
49% NAT AVG.
Median Rent
$1467
26% NAT AVG.
Overall Score
10

CRIME REPORT

Total Crime
739
42% NAT. AVG.
44% STATE AVG.
Violent Crime
22
90% NAT. AVG.
85% STATE AVG.
Property Crime
717
33% NAT. AVG.
38% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 29
Unemployed People
1 in 43
People Earning < $10,000
1 in 36
People Earning < $50,000
22.6%
People With Any Degree
1 in 1.5

ETHNICITY

Ethnicity Minnetonka USA
White 83.9% 60.1%
African American 4.9% 12.2%
American Indian 0.1% 0.6%
Asian 5.5% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.5% 2.8%
Hispanic 2% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Minnetonka USA
Less than $10,000 2.8% 5.8%
$10,000 to $14,999 1.5% 4.1%
$15,000 to $24,999 4.4% 8.5%
$25,000 to $34,999 4.8% 8.6%
$35,000 to $49,999 9.1% 12.0%
$50,000 to $74,999 15% 17.2%
$75,000 to $99,999 12.2% 12.8%
$100,000 to $149,999 19.2% 15.6%
$150,000 to $199,999 11.7% 7.1%

EDUCATION

Education Minnetonka USA
< 9th Grade 2% 5.0%
9-12th Grade 2% 7.0%
High School or GED 12% 27.0%
Other College 16% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 38% 20.0%
Master's Degree 16% 9.0%
Professional Degree 5% 2.0%
Doctorate Degree 2% 1.0%
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. The unemployment rate of Minnetonka remained 2.3%, which is 51% lower than national rate.

Cost of living in Minnetonka is 121, which is 21% higher than national average. In Minnetonka, only 61% of adults have a bachelor's degree and 23% have some college but no degree. 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.
Minnetonka Scorecard

Jobs90%

Housing90%

Affordability70%

Safety85%

Amenities90%

Diversity70%

Education90%

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