Minnetonka is a medium-sized city located in the state of Minnesota. With a population of 54,064 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 89.19% 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 (15.06%), sales jobs (12.79%), and business and financial occupations (10.89%).
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.60% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
Do you like to read, write and learn? If you move to Minnetonka, you'll likely find that many of your neighbors like to as well. Minnetonka is one of the more educated communities in America, with a full 60.22% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Minnetonka in 2018 was $59,755, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $239,020 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.