Greater Minnetonka, Twin Cities, MN demographics:
population, income, and more

Total population
298,752
0.8% year-over-year change
Median household income
$130,893/yr
1.1% year-over-year change
Housing units
122,864
0.6% year-over-year change

Greater Minnetonka population

How many people live in Greater Minnetonka

Greater Minnetonka is home to 298,752 residents, according to the most recent Census data. Gender-wise, 49.3% of Greater Minnetonka locals are male, and 50.7% are female.

Total population
298,752
0.8% year-over-year change
Gender ratio
Male
49.3%
147,183
Female
50.7%
151,569
Value Percent YoY change
Male 147,183 49.3% 1.1%
Female 151,569 50.7% 0.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Greater Minnetonka is 41, with the population distributed as follows: about 20.4% are children under 15, then 9.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.4% of the population, while another 28.1% fall into the 45 to 64 bracket. Finally, around 16.6% are 65 or older.

Median age
41.2
Age breakdown
Under 15
20.4%
15 to 24
9.5%
25 to 44
25.4%
45 to 64
28.1%
Over 65
16.6%
Value Percent YoY change
Under 15 60,928 20.4% 2.7%
15 to 24 28,492 9.5% 0.9%
25 to 44 75,784 25.4% 0.6%
45 to 64 83,894 28.1% -1.6%
Over 65 49,653 16.6% 3.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Greater Minnetonka, 88.2% of the population are US-born citizens, while 7.7% have gained naturalized citizenship. At the same time, 4.1% of residents are non-citizens. As for race, 78% of locals are Caucasian, 6.3% are African American and 6.5% have Asian roots. There’s also a share of 6.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
88.2%
Non-U.S.-born citizens
7.7%
Non-citizens
4.1%
Value Percent YoY change
U.S.-born citizens 263,436 88.2% 0.6%
Non-U.S.-born citizens 22,937 7.7% 6.5%
Non-citizens 12,379 4.1% -3.1%
Racial breakdown
White
78%
Black or African American
6.3%
American Indian and Alaska Native
0.3%
Asian
6.5%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.7%
Other
2.1%
Value Percent
White 233,127 78%
Black or African American 18,939 6.3%
American Indian and Alaska Native 784 0.3%
Asian 19,380 6.5%
Native Hawaiian and other Pacific Islander 37 0%
Two or more races 20,099 6.7%
Other 6,386 2.1%

Households in Greater Minnetonka

A peek inside Greater Minnetonka households

Greater Minnetonka has 117,801 households, with an average of 3 members in each. Of these, 69.9% are families, while the remaining 30.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
117,801
0.7% year-over-year change
Average people per household
3
Non-family households
35,412
Family households
82,390
Value Percent YoY change
Non-family households 35,412 30.1% 1.4%
Family households 82,390 69.9% 0.4%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Greater Minnetonka

The housing landscape of Greater Minnetonka

Greater Minnetonka's housing consists of 122,864 units, with 67.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 12.7% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.6% of the housing landscape.

Housing units
122,864
0.6% year-over-year change
Housing types
Value Percent
1 unit, detached 82,795 67.4%
1 unit, attached 15,648 12.7%
2 units 673 0.6%
3 or 4 units 1,544 1.3%
5 to 9 units 1,808 1.5%
10 to 19 units 2,353 1.9%
20 to 49 units 4,730 3.8%
50 or more units 12,561 10.2%
Mobile home 724 0.6%
Boat, RV, van, etc. 28 0%
Homes built since 2020
4,369
67.5% year-over-year change

The age of buildings in Greater Minnetonka

In Greater Minnetonka, the median construction year is 1986. About 3.6% of homes were built before the 1940s, with another 1.7% going up by 1949. Most development happened in the second half of the 20th century. Then, 13.6% of homes were added from 2000 to 2009, 12.5% between 2010 and 2019, and 3.6% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 4,362 3.6% -5.7%
Built between 1940 and 1949 2,063 1.7% 3.5%
Built between 1950 and 1959 6,861 5.6% -4.3%
Built between 1960 and 1969 10,392 8.5% 0.8%
Built between 1970 and 1979 21,013 17.1% -0.2%
Built between 1980 and 1989 21,742 17.7% -4.0%
Built between 1990 and 1999 19,982 16.3% -3.0%
Built between 2000 and 2009 16,723 13.6% 1.2%
Built between 2010 and 2019 15,356 12.5% 4.8%
Built in 2020 or later 4,369 3.6% 67.5%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Greater Minnetonka occupancy rates

Out of the 117,801 occupied housing units in Greater Minnetonka, 79.6% are owner-occupied, while 20.4% are lived in by tenants. Meanwhile, 4.1% of all homes on the local market sit vacant.

Occupied housing units
117,801
0.7% year-over-year change
Occupancy breakdown
Renter occupied
24,007
Owner occupied
93,794
Value Percent YoY
change
Renter occupied 24,007 20.4% 2.3%
Owner occupied 93,794 79.6% 0.3%
Unoccupied housing units
4.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Greater Minnetonka housing costs

Housing costs in Greater Minnetonka come to a median of $1,992 per month, while tenants specifically pay a median gross rent of $1,472.

Median housing costs per month
$1,992/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Greater Minnetonka
$1,472/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Greater Minnetonka

Greater Minnetonka education at a glance

About 18.2% of the population in Greater Minnetonka went to high school, while 17.5% pursued college studies. Another 9% earned an associate degree and 34.4% hold a bachelor’s. Meanwhile, 19.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 2,622 1.2% 13.5%
High school diploma 40,863 18.2% -2.5%
College diploma 39,277 17.5% -2.4%
Associate degree 20,328 9% 0.4%
Bachelor's degree 77,399 34.4% 1.8%
Graduate degree 44,250 19.7% 2.4%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Greater Minnetonka

How much people earn in Greater Minnetonka

The average annual household income in Greater Minnetonka was $192,718 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +1.6% change from the previous year. At the same time, the median income stood at $130,893, reflecting a +1.1% shift over the same period.

Average household income in Greater Minnetonka
$192,718/year
1.6% year-over-year change
Median household income in Greater Minnetonka
$130,893/year
1.1% year-over-year change

Greater Minnetonka income by age

In Greater Minnetonka, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $154,574. Those with someone between 45 and 64 in charge, often well established professionally, earn $175,667 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $68,750, while those led by someone over 65, many of whom may be retired, have about $73,884 in earnings. Overall, 94.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $68,750 7.1%
25 - 44 $154,574 4.3%
45 - 64 $175,667 8.8%
Over 65 $73,884 0.3%
Above poverty level
277,622
Below poverty level
15,332
Value Percent YoY
change
Above poverty level 277,622 94.8% 0.6%
Below poverty level 15,332 5.2% 5.4%

Employment in Greater Minnetonka

Workforce and job types in Greater Minnetonka

87.3% of the working population are employed in professional or administrative positions, while 12.7% are in hands-on or service-based jobs. Also, 10.3% run their own businesses, 70% are employed by private companies, and 9.8% work in the public sector.

Workforce demographics

White collar
139,377
Blue collar
20,349
Value Percent YoY change
White collar 139,377 87.3% 0.2%
Blue collar 20,349 12.7% -1.7%
Employer type
Self employees
10.3%
Private companies
70%
Governmental workers
9.8%
Not for profit companies
10%
Value Percent YoY change
Self employees 16,445 10.3% 1.5%
Private companies 111,736 70% -0.6%
Governmental workers 15,610 9.8% 2.7%
Not for profit companies 15,935 10% -0.3%

Transportation in Greater Minnetonka

How people get around in Greater Minnetonka

In Greater Minnetonka, the average commute time is 211 minutes. Commuting methods vary: 96.7% of residents travel by personal vehicle and 1.3% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
211 min
-21.3% year-over-year change
Means of transportation
Value Percent YoY change
Car 109,946 96.7% -4.0%
Taxicab 482 0.4% 37.7%
Bus or trolleybus 1,400 1.2% -24.2%
Motorcycle 170 0.2% -11.5%
Bicycle 245 0.2% 5.6%
Walk 1,432 1.3% 14.7%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Greater Minnetonka by zipcode?

Zipcode Population Number of households Median income Average income
55311 38,472 14,080 $153,568 $190,579
55316 23,294 8,604 $116,102 $133,912
55327 6,016 2,255 $140,366 $190,676
55331 19,805 7,816 $159,450 $259,689
55340 10,183 3,514 $178,553 $235,300
55356 5,696 2,068 $156,622 $313,991
55357 3,419 1,194 $152,500 $192,434
55359 6,997 2,567 $129,250 $182,465
55364 14,097 6,392 $108,725 $176,636
55369 39,290 16,374 $112,144 $140,969

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FAQs about Greater Minnetonka demographics 

What is the total population of Greater Minnetonka?

Greater Minnetonka has a total population of 298,752 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.8% compared to a year ago.

What is the gender ratio in Greater Minnetonka?

The gender ratio in Greater Minnetonka is as follows:
  • 49.3% males (147,183 residents)
  • 50.7% females (151,569 residents)

What is the median age in Greater Minnetonka?

The median age in Greater Minnetonka is 41.2.

What is the age distribution of the population in Greater Minnetonka?

The age distribution in Greater Minnetonka is as follows:
  • Under 15: 20.4% (60,928 residents)
  • Ages 15-24: 9.5% (28,492 residents)
  • Ages 25-44: 25.4% (75,784 residents)
  • Ages 45-64: 28.1% (83,894 residents)
  • Over 65: 16.6% (49,653 residents)

What is the racial and ethnic makeup of Greater Minnetonka?

The racial and ethnic makeup of Greater Minnetonka is as follows:
  • White: 78% (233,127 residents)
  • Black or African American: 6.3% (18,939 residents)
  • American Indian and Alaska Native: 0.3% (784 residents)
  • Asian: 6.5% (19,380 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (37 residents)
  • Two or More Races: 6.7% (20,099 residents)
  • Other: 2.1% (6,386 residents)

What percentage of the population in Greater Minnetonka are U.S.-born citizens?

U.S.-born citizens represent 88.2% of the population in Greater Minnetonka.

How many housing units are there in Greater Minnetonka?

There are 122,864 housing units in Greater Minnetonka, reflecting a +0.6% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Greater Minnetonka and what is the average household size?

Greater Minnetonka has a total of 117,801 households, with an average of 3 people in each.

What is the median household income in Greater Minnetonka?

Greater Minnetonka has a median household income of $130,893, representing a +1.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Greater Minnetonka?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 87.3% (139,377 residents)
  • Blue-collar workers: 12.7% (20,349 residents)

Places of employment:
  • Self-employed: 10.3% (16,445 residents)
  • Private companies: 70% (111,736 residents)
  • Governmental workers: 9.8% (15,610 residents)
  • Not-for-profit companies: 10% (15,935 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025