Minnetonka, MN
Real Estate & Demographic Data

Minnetonka profile

Living in Minnetonka

Minnetonka is a larger medium-sized city located in the state of Minnesota. With a population of 53,781 people and 15 constituent neighborhoods, Minnetonka is the 18th largest community in Minnesota.

Minnetonka home prices are not only among the most expensive in Minnesota, but Minnetonka real estate also consistently ranks among the most expensive in America.

Minnetonka is a decidedly white-collar city, with fully 89.69% of the workforce employed in white-collar jobs, well above the national average. Overall, Minnetonka is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Minnetonka who work in management occupations (15.93%), business and financial occupations (12.29%), and sales jobs (11.54%).

Also of interest is that Minnetonka has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Minnetonka telecommute to their jobs. Overall, about 13.65% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

If knowledge is power, Minnetonka is a pretty powerful place. 61.31% of the adults in Minnetonka have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Minnetonka in 2018 was $62,612, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $250,448 for a family of four.

Minnetonka is a somewhat ethnically-diverse city. The people who call Minnetonka home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Minnetonka residents report their race to be White, followed by Asian. Important ancestries of people in Minnetonka include German, Norwegian, Swedish, Irish, and English.

The most common language spoken in Minnetonka is English. Other important languages spoken here include Spanish and African languages.