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ZipNumbers

Minnesota · Census place 59350

Shakopee city, MN

Quick answer

Shakopee city has 45,002 residents, ranking #21 of 914 places in Minnesota. Median household income is $110,989, the median home is worth $361,400 and median gross rent runs $1,495 a month.

Population
45,002Shakopee city residents
Median household income
$110,989Past 12 months, inflation adjusted
Median home value
$361,400Owner-occupied units
Median gross rent
$1,495Rent plus utilities, monthly
Median age
35.5 yrsAll residents
Homeownership rate
76.8%Owner-occupied households

What the numbers mean in Shakopee city

Housing cost measured against local earnings.

A household earning the Shakopee city median would spend about 16.2% 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 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.1% of residents and 76.8% of households own their home.

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

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