What is the population of Minnetonka city?

Minnetonka city has 53,256 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #18 of 914 in Minnesota.

What is the median household income in Minnetonka city?

Median household income in Minnetonka city is $120,496 a year, 53.4% above the national figure of $78,538.

How much does it cost to rent or buy in Minnetonka city?

Median gross rent is $1,758 a month and the median home value is $456,200, so rent absorbs about 17.5% of median household income.

Is Minnetonka city affordable compared with the rest of the US?

Homes cost about 3.8× the local median income here versus roughly 3.9× nationally, so Minnetonka city is more affordable to buy in than the typical US market, and rent takes 17.5% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 43252

Minnetonka, MN population, income and ZIP codes

Quick answer

The population of the city of Minnetonka, Minnesota (Minnetonka, MN — Census place “Minnetonka city”) is 53,256 residents, ranking #18 of 914 places in Minnesota. Median household income is $120,496, the median home is worth $456,200 and median gross rent runs $1,758 a month. Looking for the Minnetonka Minnesota ZIP code list? 4 ZIP codes serve Minnetonka, MN: 55305, 55343, 55345, 55391.

Population: 53,256Minnetonka city residents
Median household income: $120,496Past 12 months, inflation adjusted
Median home value: $456,200Owner-occupied units
Median gross rent: $1,758Rent plus utilities, monthly
Median age: 42.8 yrsAll residents
Homeownership rate: 72.5%Owner-occupied households

Minnetonka ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Minnetonka.

The Minnetonka MN ZIP code list below covers 4 ZIP codes. Open any one for its population, income, housing and rent profile.

What the numbers mean in Minnetonka city

Housing cost measured against local earnings.

A household earning the Minnetonka city median would spend about 17.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.8% of residents and 72.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Minnetonka city, MN in context

How this area compares with national benchmarks.

Minnetonka city is a small city in Minnesota, with 53,256 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #18 of 914 ranked by population — larger than 98% of them. The median age here is 42.8 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Minnetonka city earn a median of $120,496 a year, 53.4% above the national figure of $78,538 and 60% above the $75,469 median for the 361 Minnesota cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 4.8% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Minnetonka city is valued at $456,200, 50.4% above the national figure and 90% above the $240,400 peer median, while median gross rent runs $1,758 a month, 25% above the national figure, or roughly $21,096 across a full year. A household on the local median income would put about 17.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.8×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 72.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Minnetonka city?: Minnetonka city has 53,256 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #18 of 914 in Minnesota.
What is the median household income in Minnetonka city?: Median household income in Minnetonka city is $120,496 a year, 53.4% above the national figure of $78,538.
How much does it cost to rent or buy in Minnetonka city?: Median gross rent is $1,758 a month and the median home value is $456,200, so rent absorbs about 17.5% of median household income.
Is Minnetonka city affordable compared with the rest of the US?: Homes cost about 3.8× the local median income here versus roughly 3.9× nationally, so Minnetonka city is more affordable to buy in than the typical US market, and rent takes 17.5% of median income against the 30% cost-burden line.
How current is this Minnetonka city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.