Minnesota · Census place 65164
Tonka Bay city, MN
Quick answer
Tonka Bay city has 1,361 residents, ranking #308 of 914 places in Minnesota. Median household income is $151,563, the median home is worth $869,900 and median gross rent runs $2,299 a month.
- Population
- 1,361Tonka Bay city residents
- Median household income
- $151,563Past 12 months, inflation adjusted
- Median home value
- $869,900Owner-occupied units
- Median gross rent
- $2,299Rent plus utilities, monthly
- Median age
- 57.7 yrsAll residents
- Homeownership rate
- 86.8%Owner-occupied households
What the numbers mean in Tonka Bay city
Housing cost measured against local earnings.
A household earning the Tonka Bay city median would spend about 18.2% 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 5.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.2% of residents and 86.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Babbitt city 1,420
- Renville city 1,397
- Hayfield city 1,382
- Appleton city 1,360
- Fulda city 1,348
- Richmond city 1,336
- Wheaton city 1,334
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