Minnetonka is a medium-sized city located in the state of Minnesota. With a population of 53,953 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 89.71% 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 (14.88%), sales jobs (13.94%), and office and administrative support (10.82%).
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: 7.36% 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.
For the size of the city, public transportation in Minnetonka is quite heavily used. Mostly, people who use it for their daily commute are taking the bus. For Minnetonka, the benefits are reduced air pollution and congestion on the highways.
If knowledge is power, Minnetonka is a pretty powerful place. 57.95% 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 $54,790, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $219,160 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, Irish, Swedish, and English.
The most common language spoken in Minnetonka is English. Other important languages spoken here include Spanish and African languages.