Minnetonka is a medium-sized city located in the state of Minnesota. With a population of 51,669 people and 14 constituent neighborhoods, Minnetonka is the 17th 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 90.07% of the workforce employed in white-collar jobs, well above the national average. Overall, Minnetonka is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Minnetonka who work in management occupations (14.66%), sales jobs (14.33%), and office and administrative support (12.92%).
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.
If knowledge is power, Minnetonka is a pretty powerful place. 55.69% 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 2010 was $48,600, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $194,400 for a family of four.
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 Black or African-American. Important ancestries of people in Minnetonka include Norwegian, Irish, Swedish, and English.
The most common language spoken in Minnetonka is English. Other important languages spoken here include Spanish and African languages.