Living in and Moving to Minnetonka, Minnesota

Cost to Move to Minnetonka, Minnesota

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Cost of living in Minnetonka, Minnesota

Housing Costs

In Minnetonka, housing costs are higher than the national average, reflecting the city’s desirable location and high quality of life. As of 2023, the median home price in Minnetonka is approximately $535,000, according to Zillow. This is well above the Minnesota statewide median of $350,000. Renters can expect to pay around $1,750 per month for a one-bedroom apartment, though prices can vary depending on the neighborhood and amenities. For families, a three-bedroom rental averages about $2,500 to $2,800 per month. Home prices in Minnetonka can be even higher in specific areas such as the waterfront properties along Lake Minnetonka. To afford the median home price, households typically need an annual income of $100,000 or more, assuming they are following standard mortgage qualification rules (30% housing cost-to-income ratio). For more detailed information on housing costs, visit Zillow’s Home Values.

Utilities

The average utility bill for a 915 sq. ft. apartment in Minnetonka, which includes electricity, heating, cooling, water, and garbage, is approximately $200 per month. This cost can vary depending on the size of the home, the efficiency of appliances, and usage. The cost of electricity in Minnetonka is around 13.5 cents per kWh, which is close to the national average. For a typical 2,000 sq. ft. home, the utility costs (including internet and mobile services) might average closer to $350–$450 monthly. For specific utility pricing in the area, check the Xcel Energy Residential Rates page.

Groceries/Food

Grocery prices in Minnetonka are slightly higher than the national average due to its suburban location near Minneapolis. On average, a single person might spend around $300 to $400 per month on groceries. Common grocery items like milk ($3.60 per gallon), bread ($2.50 per loaf), and eggs ($2.30 per dozen) are priced similarly to other suburban areas in the Twin Cities metro. A family of four can expect to spend between $800 and $1,000 monthly on food. For comparison, dining out at an average restaurant in Minnetonka will cost around $18–$25 per person for a meal. For more detailed pricing trends, visit the Numbeo Cost of Living Index.

Transportation

Transportation costs in Minnetonka are relatively moderate. The city is served by a network of public buses, though most residents rely on cars for daily commuting. Gasoline prices as of 2023 are approximately $3.60 per gallon. If you’re commuting to Minneapolis or Eden Prairie, you can expect an average of 25–30 minutes one way. For those using public transportation, a monthly bus pass for the metro area costs around $100. Car insurance in Minnetonka averages around $1,300 per year, though this will vary depending on personal driving history and the type of car. For more details on commuting and transportation options, check Metro Transit Fares.

Healthcare

The cost of healthcare in Minnetonka is on par with the Twin Cities metro area. For a typical family of four, the average cost of health insurance premiums can range from $1,200 to $1,500 per month, depending on coverage levels. Out-of-pocket costs for doctor visits average around $150–$250 per visit for those without insurance. Prescription medications, depending on the plan, can add another $50–$100 per month. Minnetonka is home to numerous healthcare facilities, including the Park Nicollet Clinic, providing accessible medical care. For more information on healthcare costs in the area, visit Healthcare.gov 2023 Premium Data.

Childcare and Education

Childcare costs in Minnetonka are relatively high due to the quality of services available in the area. Full-time daycare for an infant typically ranges from $1,100 to $1,500 per month, while toddler care averages $800–$1,200 per month. For elementary and secondary education, Minnetonka is served by the highly rated Minnetonka Public School District, with per-pupil spending at about $15,000 annually, which is higher than the state average. Private schooling costs, for families opting for it, can range from $8,000 to $20,000 per year depending on the institution. For a breakdown of child care costs, check the Child Care Aware of America report.

Taxes

Property taxes in Minnetonka are relatively moderate for a suburb of its size. The average effective property tax rate in Minnetonka is around 1.2% of the home’s assessed value, slightly higher than the national average of 1.07%. On a home valued at $535,000, this equates to approximately $6,420 annually in property taxes. Additionally, Minnesota’s state income tax ranges from 5.35% to 9.85%, depending on income brackets. The statewide sales tax is 6.875%, with an additional 0.5% added in Hennepin County, where Minnetonka is located. For more specific details on Minnesota’s tax rates, visit the Minnesota Department of Revenue page.

Insurance

Car insurance in Minnetonka averages around $1,300 annually, which is slightly below the state average of $1,400. The cost varies based on factors such as driving record and vehicle type. Homeowners insurance premiums average $1,200–$1,500 per year for a standard policy in a $500,000 home. Health insurance, as mentioned above, can add another $1,200–$1,500 per month for a family of four. For renters, the cost of renters insurance typically ranges from $10–$30 per month. To learn more about insurance rates in Minnetonka, visit the NAIC Auto Insurance Rates Comparison page.

Recreation and Entertainment

Recreation and entertainment in Minnetonka can be affordable or pricey depending on your preferences. A movie ticket costs around $12–$15, while a fitness membership at a local gym averages $50–$75 per month. Outdoor enthusiasts can enjoy parks, hiking, and lake activities at no cost, but organized sports or recreational classes will add about $100–$300 per season. Dining out is a popular activity, with meals at casual restaurants averaging $15–$25 per person. For more detailed information on local activities and pricing, visit the Minnetonka Recreation Department website.

Clothing

Clothing costs in Minnetonka are fairly typical for the Midwest. A pair of jeans typically costs between $40–$75, while a winter coat can range from $100–$250 depending on brand and material. On average, residents spend about $500–$700 per year on clothing, though this can vary based on personal preferences and lifestyle. For a more precise breakdown of clothing costs in the area, visit the Numbeo Cost of Living page.

Personal Care

Personal care expenses, including haircuts, toiletries, and other grooming items, average around $50–$100 per month. A standard women’s haircut in Minnetonka costs about $40–$60, while men’s haircuts tend to run around $25–$40. Personal care products, like shampoo and skincare items, average $30–$50 monthly. For more detailed insights into personal care costs, check the Numbeo Cost of Living Index.

Miscellaneous Expenses

Miscellaneous expenses in Minnetonka include things like entertainment, clothing, and unexpected purchases. These costs can vary widely based on lifestyle but generally range between $200–$400 per month for a typical household. This includes things like coffee shop visits, shopping, or occasional trips to nearby attractions like the Mall of America or local theaters. For more detailed data, visit

Is Minnetonka, Minnesota a safe place to live – Crime Rates?

Crime Rate

Minnetonka is considered a very safe place to live, with crime rates significantly lower than the national average. According to the most recent data from the FBI’s Uniform Crime Reporting (UCR) Program, Minnetonka has an overall crime rate of about 13.8 incidents per 1,000 residents. This is well below the national average of around 25 per 1,000 people. Minnetonka’s crime rates have been consistently lower than those of nearby cities, including Minneapolis, which experiences higher rates of crime. The city’s low crime rate is attributed to its strong community engagement and proactive law enforcement. For more detailed statistics on crime rates in Minnetonka, you can refer to the City-Data Crime Statistics.

Violent Crime Rate

Violent crime in Minnetonka is extremely rare. The city has a violent crime rate of approximately 0.8 per 1,000 residents, significantly lower than both the national average of 4.0 and the state average of 2.7. In 2023, there were fewer than 10 reported incidents of violent crime, which include offenses like assault, robbery, and homicide. The low violent crime rate is reflective of Minnetonka’s strong police presence, well-maintained neighborhoods, and community-focused policing strategies. For specific violent crime data, visit the Neighborhood Scout Crime Data.

Property Crime Rate

Property crime in Minnetonka is also below national averages, with a property crime rate of about 13.0 per 1,000 residents. This is much lower than the national average of 19.6 per 1,000 people. Common property crimes in the area include burglary, theft, and vehicle theft, but these are relatively infrequent compared to other cities. For example, in 2023, there were fewer than 100 reported cases of burglary or vehicle theft. The city’s strong neighborhood watch programs and police department efforts contribute to this low rate. For more detailed data on property crime, check the City-Data Property Crime Statistics.

Police Presence

The Minnetonka Police Department is highly active in maintaining safety within the community. The department employs over 40 full-time officers, who are tasked with patrol, investigation, and community engagement. With a population of approximately 55,000, this means there is about one officer for every 1,375 residents, which is higher than the national average of 2.4 officers per 1,000 people. The police department utilizes modern technology, such as surveillance cameras and crime mapping software, to track and prevent criminal activity. Additionally, the department runs several programs aimed at fostering community relationships and crime prevention. For more details on police services in Minnetonka, you can visit the Minnetonka Police Department website.

Neighborhood Watch Programs

Neighborhood Watch programs are an integral part of the community safety efforts in Minnetonka. The city has several active watch groups that work in collaboration with the police department to monitor and report suspicious activities. These programs are designed to encourage residents to look out for one another and to build a stronger sense of community. In addition to traditional neighborhood watch, the Minnetonka Police Department offers crime prevention presentations and workshops for residents. To learn more about participating in a neighborhood watch or starting a new group, you can visit the Minnetonka Crime Prevention page.

Safety Rankings

In 2023, Minnetonka was ranked as one of the safest cities in Minnesota. The city consistently earns high marks for safety from independent ranking sites. For example, according to SafeHome.org, Minnetonka ranks in the top 10% of safest cities in the state based on factors like crime rates, police presence, and local safety programs. This places the city in a favorable position compared to other suburbs in the Minneapolis metropolitan area. Minnetonka’s emphasis on community safety, along with its low crime rates, continues to enhance its reputation as a safe place to live and raise a family.

Trend Data

Crime trends in Minnetonka have generally been stable or declining in recent years. According to data from the Minnetonka Police Department, the number of reported crimes has decreased by approximately 8% between 2020 and 2023. Property crimes, including burglaries and thefts, have seen the most significant reduction, down by 12%. Violent crimes have remained very low, with no significant increase over the past five years. This trend is reflective of successful community policing and ongoing crime prevention efforts. For detailed trend data, you can explore the Minnetonka Police Crime Statistics page.

School Safety

School safety in Minnetonka is a high priority for both the community and local school district. The Minnetonka Public School District, serving over 8,000 students, has comprehensive safety protocols in place, including security personnel, surveillance systems, and emergency preparedness drills. The district has consistently scored high marks in terms of school safety. In 2023, no significant incidents of school violence were reported, and the district is known for its proactive approach to bullying prevention, mental health support, and conflict resolution. For more information on school safety policies, visit the Minnetonka Schools Safety Information page.

What are the demographics of Minnetonka, Minnesota?

White

As of the 2020 U.S. Census, the majority of Minnetonka’s population is White, making up approximately 83.4% of the city’s total population. This demographic represents the largest racial group in Minnetonka, reflecting the city’s predominantly suburban, middle-to-upper class character. The high percentage of White residents is consistent with other suburban areas in the Twin Cities metro region, which also feature predominantly White populations. For more detailed demographic breakdowns, see the U.S. Census Bureau’s 2020 Census data for Minnetonka.

Black or African American

Black or African American residents make up approximately 5.5% of Minnetonka’s total population as of the 2020 Census. This represents a slight increase from the 2010 Census, which recorded 4.2% Black or African American residents. While the city’s African American population remains a minority, it is growing as the metro area becomes more diverse. For further details, refer to the U.S. Census Bureau’s 2020 Census data for Minnetonka.

Hispanic or Latino

Hispanic or Latino residents make up about 3.7% of Minnetonka’s population, according to the 2020 Census. The number of Hispanic or Latino residents in the city has grown over the past decade, reflecting a broader demographic shift in the Twin Cities metro. This group includes individuals from a variety of national backgrounds, including Mexican, Puerto Rican, and other Latin American countries. For more data on Hispanic or Latino demographics, visit the U.S. Census Bureau’s 2020 Census data for Minnetonka.

Two or More Races

Residents identifying as Two or More Races make up approximately 3.5% of Minnetonka’s population, according to the 2020 Census data. This demographic has seen growth in recent years as more people identify as multiracial. The 2020 Census showed a noticeable increase in individuals identifying as Two or More Races, reflecting broader trends across the U.S. For more information, visit the U.S. Census Bureau’s 2020 Census data for Minnetonka.

Asian

Asian residents make up about 6.1% of Minnetonka’s population, as per the 2020 Census data. This demographic includes a variety of ethnic groups, with the largest subgroups being of Indian, Chinese, and Vietnamese descent. The Asian population in Minnetonka has been steadily increasing over the past few decades, particularly as the broader Minneapolis-St. Paul metropolitan area has become a hub for Asian immigrants. For more detailed data on the Asian population, visit the U.S. Census Bureau’s 2020 Census data for Minnetonka.

Native American

Native American residents make up a small percentage of Minnetonka’s population, approximately 0.3% according to the 2020 Census. This is typical of many suburban areas in the Twin Cities metro region, where the Native American population is relatively low. For a more detailed breakdown, visit the U.S. Census Bureau’s 2020 Census data for Minnetonka.

Native Hawaiian or Pacific Islander

Native Hawaiian or Pacific Islander residents make up a very small portion of Minnetonka’s population, at about 0.1% according to the 2020 Census. This group is significantly smaller compared to other racial categories in the city. For more information on this demographic, check the U.S. Census Bureau’s 2020 Census data for Minnetonka.

Sources

• U.S. Census Bureau 2020 Data for Minnetonka

Minnetonka, Minnesota Population by Age and Gender

Total Population by Gender

The total population of Minnetonka, Minnesota is approximately 53,780 as of the 2020 U.S. Census. Of this, about 25,995 (48.3%) are male and 27,785 (51.7%) are female, reflecting a fairly balanced gender distribution. This ratio is typical for suburban communities in the U.S., where the male-to-female sex ratio generally hovers around 1:1. For more details, you can refer to the 2020 Census data for Minnetonka.

Age Distribution

The age distribution of Minnetonka reflects a fairly mature suburban population, with a large percentage of residents in middle-age brackets. The 2020 Census data shows the following breakdown by age group:

• Under 18 years: 21.5% of the population
• 18 to 24 years: 6.2% of the population
• 25 to 44 years: 23.4% of the population
• 45 to 64 years: 26.6% of the population
• 65 years and over: 22.3% of the population

This distribution suggests that Minnetonka has a relatively high percentage of older residents compared to national averages. For more specific data, visit the U.S. Census Bureau’s 2020 Data for Minnetonka.

Median Age

The median age in Minnetonka is 44.1 years, based on the most recent data from the 2020 U.S. Census. This median age is significantly higher than the national median of 38.4 years, reflecting the city’s demographic composition, which includes a large number of middle-aged and older adults. The high median age is indicative of a well-established suburban community with a stable population. For more on age demographics, refer to the 2020 Census data for Minnetonka.

Population Pyramid

The population pyramid of Minnetonka reflects a relatively stable, aging population, with the largest groups found in the 45-64 and 65+ age ranges. There is a noticeable decline in the younger age groups (under 24) compared to the older age groups, which is characteristic of many suburban areas that attract families but also have a growing number of retirees. This trend is similar to other suburbs in the Minneapolis-St. Paul area. For a detailed breakdown of the population pyramid, visit the 2020 Census Data for Minnetonka.

Dependency Ratios

The dependency ratio in Minnetonka is an important indicator of the number of dependents (children and elderly) relative to the working-age population. According to the 2020 Census, Minnetonka has a child dependency ratio of 28.8% (children under 18 years) and an old-age dependency ratio of 21.5% (residents aged 65 and older). These ratios suggest a community with a relatively balanced distribution of dependent youth and elderly individuals, which is typical for well-established suburban areas. For more on dependency ratios, check the U.S. Census Bureau’s 2020 Data for Minnetonka.

Sources

• U.S. Census Bureau 2020 Data for Minnetonka

Minnetonka, Minnesota Zip Codes

Minnetonka, Minnesota, primarily has the following ZIP codes:

• 55305
• 55343
• 55391

This ZIP code covers the majority of the Minnetonka area.

What is the history of Minnetonka, Minnesota?

The History of Minnetonka, Minnesota

The city of Minnetonka, Minnesota, has a rich history that stretches back to its origins as part of the Dakota and Ojibwe tribal lands. The name “Minnetonka” is derived from the Dakota language, with “minne” meaning “water” and “tonka” meaning “great” or “big,” referring to the large and expansive waters of Lake Minnetonka, one of the central features of the area. The lake played a significant role in the area’s early history, serving as a resource for the native tribes for fishing, transportation, and trade.

European settlement began in the early 19th century when explorers and traders moved westward across the Mississippi River. The first recorded settler in Minnetonka was a man named John S. Pillsbury, who arrived in 1850. Pillsbury, who later became the Governor of Minnesota, is known for establishing the area’s first sawmill, which helped open up the region for further settlement. However, it wasn’t until the 1850s and 1860s that larger waves of European settlers, primarily from New England and Scandinavia, began moving to the area in significant numbers.

In the late 1800s, the area known today as Minnetonka was still largely rural and agricultural. The introduction of the railroad in the 1870s was a pivotal moment in the development of the area, as it allowed for easier transportation of goods and people. This spurred the growth of local industries, including agriculture, brick-making, and milling, and laid the foundation for the city’s future growth. Lake Minnetonka also became a popular destination for recreational boating and tourism, with the Minneapolis and St. Louis Railroad opening up access to the lake’s shorelines.

By the turn of the 20th century, the population of Minnetonka had begun to grow significantly, spurred by the rise of suburban development around Minneapolis. The area was officially incorporated as the Village of Minnetonka in 1951, and it was later elevated to a city in 1974 as it continued to expand. As the population increased, the city began to see the development of residential neighborhoods, commercial areas, and parks. Its proximity to Minneapolis, combined with its natural beauty, made it an attractive place to live, and this led to its steady transformation from a rural village into a thriving suburban city.

Throughout the 20th century, Minnetonka experienced rapid growth, particularly during the post-World War II era, when suburbanization was taking hold across the United States. The city’s development was characterized by large residential subdivisions, expanded infrastructure, and increased services. By the 1970s and 1980s, Minnetonka had become a prime example of suburban growth in the Twin Cities area, with a strong focus on maintaining a high quality of life and protecting its natural resources, particularly Lake Minnetonka.

In more recent decades, Minnetonka has continued to evolve. Today, it is a highly affluent suburb known for its excellent schools, expansive parks, and proximity to downtown Minneapolis. The city has also focused on maintaining green spaces and preserving the natural beauty of Lake Minnetonka, which remains a central feature of the area. Minnetonka’s history is a testament to its ability to blend natural beauty with suburban development, offering a unique and attractive living environment for its residents.

Sources

• Minnetonka History – City of Minnetonka
• Minnetonka – MNopedia

Minnetonka, Minnesota Weather

Average Temperature (by Month)

The climate in Minnetonka, Minnesota, is classified as a humid continental climate, with four distinct seasons: cold winters, warm summers, and transitional spring and fall periods. The average temperatures throughout the year vary significantly. Here is a breakdown of the average monthly temperatures in Minnetonka:

• January: High 19°F (-7°C), Low 3°F (-16°C)
• February: High 22°F (-6°C), Low 6°F (-14°C)
• March: High 34°F (1°C), Low 17°F (-8°C)
• April: High 47°F (8°C), Low 30°F (-1°C)
• May: High 60°F (16°C), Low 43°F (6°C)
• June: High 73°F (23°C), Low 55°F (13°C)
• July: High 81°F (27°C), Low 63°F (17°C)
• August: High 79°F (26°C), Low 61°F (16°C)
• September: High 69°F (21°C), Low 50°F (10°C)
• October: High 53°F (12°C), Low 36°F (2°C)
• November: High 35°F (2°C), Low 20°F (-7°C)
• December: High 22°F (-6°C), Low 6°F (-14°C)

Compared to the overall climate in Minnesota, which tends to have colder winters and milder summers, Minnetonka experiences typical seasonal extremes that are characteristic of the upper Midwest. During the summer, Minnetonka can experience temperatures in the 80s°F (27-29°C), which is slightly above the state’s average. However, its winters are much colder, with average lows dropping below freezing for most of the season. For more temperature data, check the Weather.com’s Monthly Forecast for Minnetonka.

Precipitation Patterns

Minnetonka receives an average annual precipitation of about 30 inches (762 mm), which is close to the state average for Minnesota (about 28-32 inches per year). Precipitation is fairly evenly distributed throughout the year, although the summer months (June to August) tend to see the highest rainfall due to frequent thunderstorms. The wettest months typically occur in June and July, with averages of 3.5 to 4 inches of rain. The winter months, particularly December through February, can bring snow instead of rain, with an average of around 44 inches (112 cm) of snowfall annually. Minnetonka’s snow accumulation is fairly typical of the Minneapolis-St. Paul area. For more detailed precipitation patterns, you can refer to the Weather.com Monthly Forecast.

Extreme Weather Events

Like much of the Midwest, Minnetonka is susceptible to severe weather events, particularly during the spring and summer months. The area can experience thunderstorms, some of which can be severe, with the potential for hail, high winds, and tornadoes. On average, Minnetonka experiences about 20 to 30 thunderstorm days each year. Tornadoes, while rare, have occurred in the region, particularly in May and June when conditions are conducive to severe storms. In winter, blizzards and heavy snowfalls can occasionally disrupt transportation and daily activities. For an overview of Minnetonka’s weather and storm history, visit the National Weather Service – Minneapolis.

Humidity Levels

The humidity in Minnetonka can be high, particularly during the summer months, with levels averaging around 70-80%. This humidity combined with the summer heat can make the air feel warmer than the actual temperature. In the winter, however, humidity levels drop significantly, contributing to dry air and the need for indoor humidity control. Humidity is typically highest in June and July, when the city experiences the most rainfall. For more on humidity data in Minnetonka, refer to Weather.com Monthly Forecast.

Sunlight

Minnetonka experiences relatively long daylight hours in the summer and shorter days in the winter. In June, the longest day of the year, residents can enjoy up to 15.5 hours of daylight. In contrast, during December, the shortest day of the year, Minnetonka experiences only about 8.5 hours of daylight. The sunniest months are typically June and July, with average clear or partly sunny days. During the winter months, particularly in December and January, the city tends to see more overcast skies, contributing to fewer hours of sunlight. For more on Minnetonka’s daylight hours, check out Time and Date’s Sun & Moon page for Minnetonka.

Wind Patterns

The average wind speed in Minnetonka is around 10-12 mph (16-19 km/h). Winds tend to be higher during the winter months when cold fronts push through the region, with gusts sometimes reaching up to 30 mph (48 km/h) or more. The prevailing winds generally come from the northwest in winter and from the south in the warmer months. The combination of wind and low temperatures during winter can lead to “wind chill” effects, making it feel much colder than the actual temperature. For more details about wind patterns in Minnetonka, refer to the Weather.com Monthly Forecast for Minnetonka.

Sources

• Weather.com Monthly Forecast for Minnetonka
• National Weather Service – Minneapolis
• Time and Date’s Sun & Moon Page for Minnetonka

Average Income in Minnetonka, Minnesota

Average Annual Salary in Minnetonka, Minnesota

The average annual salary for residents of Minnetonka, Minnesota, is approximately $85,000, based on the most recent data available from the U.S. Census Bureau’s 2021 American Community Survey. This is significantly higher than the state of Minnesota’s average annual salary, which is about $60,000. Minnetonka’s higher income levels can be attributed to its status as an affluent suburb of the Minneapolis-St. Paul metro area, where many professionals, executives, and entrepreneurs reside. For more detailed income data, you can check the U.S. Census Bureau’s 2021 Data for Minnetonka.

Average Hourly Wage

The average hourly wage in Minnetonka, Minnesota, is estimated to be around $41.00, based on a combination of median household income data and the overall cost of living in the area. This is consistent with the higher-than-average wage levels seen in the Minneapolis-St. Paul metro area, particularly in industries such as healthcare, finance, and professional services. This is significantly higher than the U.S. average hourly wage of approximately $25.00. For more on wage data in Minnetonka, refer to the Bureau of Labor Statistics – Minnesota.

Median Salary Range

The median household income in Minnetonka is approximately $91,000, which places it well above the state median of $74,000 and the national median of $70,000. This higher median income is indicative of the city’s affluent population and its proximity to high-paying job markets in the Twin Cities metro area. It also suggests a strong presence of two-income households and professionals in fields such as management, finance, technology, and healthcare. For a breakdown of median salary data, you can visit the U.S. Census Bureau’s 2021 Income Data for Minnetonka.

Most Popular Jobs and Careers in Minnetonka

Many of the most popular jobs in Minnetonka are in the fields of management, professional services, healthcare, and technology. Common occupations in Minnetonka include roles such as business executives, financial analysts, software engineers, and healthcare professionals like doctors, nurses, and medical technicians. Minnetonka also benefits from its proximity to major corporations and industries based in Minneapolis, with many residents commuting to the city for work. Notably, the city is home to a variety of companies in the healthcare, retail, and technology sectors. For more on employment statistics, refer to the CareerExplorer – Minnetonka Employment Data.

Highest Paid Jobs in Minnetonka

The highest-paying jobs in Minnetonka tend to be in executive management, legal services, and healthcare. Professionals in senior roles at large corporations, such as CEOs and CFOs, can earn salaries well into the six-figure range, often supplemented with bonuses and equity. Other high-paying positions include physicians, dentists, and lawyers, who also command salaries significantly above the national average. Minnetonka’s high-income demographics reflect its status as an affluent suburb with a well-educated and professional workforce. For insights into the top-paying jobs, visit Salary.com’s Executive Director Salary Data.

Sources

• U.S. Census Bureau’s 2021 Data for Minnetonka
• Bureau of Labor Statistics – Minnesota
• CareerExplorer – Minnetonka Employment Data
• Salary.com’s Executive Director Salary Data

Taxes in Minnetonka, Minnesota

Property Taxes in Minnetonka, Minnesota

The property tax rate in Minnetonka, Minnesota, is set by the Hennepin County Assessor’s Office and is based on the estimated market value of the property. The city’s average property tax rate for 2023 is approximately 1.05% of a property’s market value. This is close to the average property tax rate for Hennepin County, which ranges from 1.0% to 1.2%. The total property tax rate includes levies for both city and county services, as well as school district taxes. As an example, for a home valued at $300,000, the annual property taxes would be around $3,150. For more information on property taxes, including how to calculate them and payment details, visit the Hennepin County Property Tax Information.

Sales Taxes in Minnetonka, Minnesota

The sales tax rate in Minnetonka, Minnesota, is 7.625%, which is composed of a 6.875% state sales tax and a 0.75% Hennepin County sales tax. This rate is higher than the national average of 6.2%. The sales tax applies to most goods and services, including tangible personal property, prepared food, and some services. For more detailed information about Minnesota’s sales tax and any exceptions, refer to the Minnesota Department of Revenue – Sales and Use Tax Information.

Income Taxes in Minnetonka, Minnesota

Minnetonka residents are subject to Minnesota’s state income tax, which is progressive with rates ranging from 5.35% to 9.85% as of 2023. The tax rate is determined by the taxpayer’s income level. The rates are as follows:

• 5.35% on income up to $29,960 (single) / $41,960 (married)
• 6.80% on income between $29,961 – $98,960 (single) / $41,961 – $158,710 (married)
• 7.85% on income between $98,961 – $169,040 (single) / $158,711 – $287,570 (married)
• 9.85% on income over $169,041 (single) / $287,571 (married)

These rates are above the national average, but the state offers several tax credits and deductions for qualifying individuals. Compared to other states, Minnesota has relatively high state income tax rates. For more on state income tax in Minnesota, visit the Minnesota Department of Revenue – Income Tax Information.

Utility Taxes in Minnetonka, Minnesota

There are utility taxes in Minnetonka that apply to electricity, gas, water, and telecommunications services. The utility tax rate is generally 6.875% on electricity and gas services. For other utilities like water and telecommunication services, rates may vary depending on the provider. For more details on utility taxes, visit the Minnesota Department of Revenue – Utility Taxes.

Hotel Occupancy Tax in Minnetonka, Minnesota

While Minnetonka itself does not have a city-specific hotel occupancy tax, hotels and lodging establishments in the area are subject to the state’s 6.875% sales tax, as well as an additional local lodging tax imposed by Hennepin County. The county’s lodging tax rate is 3%. This brings the total tax rate on hotel stays in Minnetonka to 9.875%. For more information on hotel taxes in Minnesota, visit the Minnesota Department of Revenue – Hotel Occupancy Tax.

Tax Payment Schedule

In Minnetonka, property taxes are generally due twice a year, on May 15 and October 15. Payments can be made online through the Hennepin County website, by mail, or in person. For more details on tax payment deadlines and options, visit the Hennepin County Property Tax Payment Information.

Penalties for Late Payment

Property taxes that are not paid by the due dates in Minnetonka are subject to late fees. The penalty for late payment is 1% of the unpaid amount per month, and there is an additional 4% penalty for taxes that are delinquent for more than 90 days. For information on avoiding penalties and tax relief options, visit the Hennepin County – Property Tax Penalties.

Where to Pay Taxes

Taxes for Minnetonka are paid through the Hennepin County Treasurer’s office. Property tax payments, income tax filings, and utility tax payments can all be made online, by mail, or in person. For more information, visit the Hennepin County Property Tax Payment Website.

Sources

• Hennepin County Property Tax Information
• Minnesota Department of Revenue – Sales and Use Tax Information
• Minnesota Department of Revenue – Income Tax Information
• Minnesota Department of Revenue – Utility Taxes
• Minnesota Department of Revenue – Hotel Occupancy Tax

Is Minnetonka, Minnesota a Good Place to Live for Singles?

Events and Activities in Minnetonka, Minnesota

Minnetonka, Minnesota, offers a variety of activities that are great for singles who want to get out, meet people, and enjoy the community. The city is home to several parks and outdoor spaces, perfect for recreational activities like hiking, biking, and kayaking. The Minnetonka Civic Center Park hosts events such as outdoor concerts, community festivals, and food trucks during the warmer months. Additionally, Minnetonka is located near the larger city of Minneapolis, which provides access to a vibrant arts and music scene, as well as a variety of nightlife and cultural events. To explore current happenings in the area, visit Minnetonka Community Events for more details.

Gyms in Minnetonka, Minnesota

If you are a single person looking to stay active, Minnetonka has numerous gyms and fitness centers. Options range from large health clubs to smaller boutique fitness studios. Popular gyms in the area include Life Time Minnetonka, which offers an expansive range of fitness equipment, group classes, and wellness services. For a broader search of gyms in the area, you can find a complete list and additional details through this Yahoo search.

Housing in Minnetonka, Minnesota

The housing market in Minnetonka is diverse, offering everything from apartment complexes to single-family homes. As of 2023, rental prices for apartments range from $1,200 for a one-bedroom unit to around $2,500 for a two-bedroom unit in more sought-after areas. For those interested in buying, the median home price is approximately $490,000. Many of the neighborhoods cater to a range of lifestyles, from quiet, suburban areas to those with more of an urban feel. For more information on current rental listings, check out Apartment Guide – Minnetonka.

Percentage of Single Residents in Minnetonka, Minnesota

As of the most recent U.S. Census data, approximately 35% of Minnetonka residents are unmarried, which is a moderate percentage compared to both state and national averages. For context, the statewide percentage of single individuals in Minnesota is around 32%, while the national average hovers around 50%. The relatively high percentage of unmarried residents in Minnetonka may reflect a mix of young professionals, divorced individuals, and older singles. For a more detailed breakdown of demographics, visit the U.S. Census Bureau – Minnetonka Quick Facts.

Comparison with State and National Averages

When comparing the percentage of single residents in Minnetonka to the state and national averages, Minnetonka falls slightly below the state average of 38% for unmarried residents in Minnesota. Compared to the national average of 50%, Minnetonka has a lower proportion of single individuals, reflecting its more suburban nature with a higher proportion of families and long-term residents. However, the area’s proximity to Minneapolis, which has a much higher percentage of single residents, provides an opportunity for singles to connect through events and networking. For broader demographic comparisons, check out the U.S. Census – Minnesota Quick Facts.

Sources

• Minnetonka Community Events
• Yahoo Search for Gyms in Minnetonka, MN
• Apartment Guide – Minnetonka Rentals
• U.S. Census Bureau – Minnetonka Quick Facts
• U.S. Census – Minnesota Quick Facts

Is Minnetonka, Minnesota Good for Families?

Minnetonka, Minnesota, is a highly attractive city for families, offering a blend of suburban charm, excellent amenities, and strong community values. The city is known for its low crime rates, with a strong police presence and various neighborhood watch programs in place. With a temperate climate, residents can enjoy four distinct seasons, making outdoor activities an option year-round. Housing costs are reasonable for the area, with median home prices hovering around $490,000, making it more affordable compared to some of its neighboring suburbs. Employment opportunities in Minnetonka are strong, with the city being home to a range of large employers, particularly in the healthcare, tech, and retail sectors. These factors make it an appealing choice for families looking for a safe, convenient, and vibrant place to settle down.

Parks and Family Activities

Minnetonka is home to a variety of parks and recreational spaces that cater to families looking to enjoy outdoor activities. The city’s popular parks, like Civic Center Park and Texa-Tonka Park, offer walking trails, sports fields, playgrounds, and picnic areas. In addition to these green spaces, Minnetonka has a variety of community events throughout the year, from outdoor summer concerts to winter festivals. The city’s recreational facilities also offer programs for families such as swimming lessons, youth sports leagues, and more. Check out the local Parks and Recreation webpage for more information on events and activities.

Restaurants in Minnetonka

For families looking to dine out, Minnetonka offers a diverse range of restaurants to cater to all tastes. Here are a few options:

• Italian Restaurants: For a cozy Italian meal, you can visit a number of places in Minnetonka. Use this Bing Map search to explore popular spots.
• Mexican Restaurants: Craving tacos or enchiladas? Check out Minnetonka’s local Mexican dining options through this Bing Map search.
• BBQ Restaurants: For delicious barbecue, Minnetonka has a few standout spots. Use this Bing Map search to find your next family-friendly BBQ experience.
• American Restaurants: To find traditional American food in the area, refer to this Bing Map search for a variety of family-friendly options.

Housing in Minnetonka for Families

The housing market in Minnetonka is attractive for families, with a mix of single-family homes, townhouses, and larger estates. Families often find homes with spacious yards, access to excellent schools, and proximity to parks. The median home price in Minnetonka is approximately $490,000, which is somewhat higher than the national average but affordable for the area. The city’s family-friendly atmosphere, low crime rates, and top-tier public schools make it a desirable location for parents. To view available homes for sale in Minnetonka, visit Realtor.com – Minnetonka Homes for Sale.

Percentage of Family Residents in Minnetonka

As of the most recent census data, around 59% of Minnetonka’s residents live in family households. This figure is higher than the state average for Minnesota, where roughly 50% of the population lives in family households. The proportion of married couples in Minnetonka reflects the city’s family-oriented community and its appeal for parents looking for a stable, suburban lifestyle. For a more detailed breakdown of family household statistics, visit the U.S. Census Bureau – Minnetonka Quick Facts.

Comparison with State and National Averages

When comparing Minnetonka’s family household statistics to the state and national averages, Minnetonka is slightly above the Minnesota state average for families, where around 50% of residents live in family households. Nationally, the percentage of families is about 40%. This reflects Minnetonka’s strong reputation as a family-friendly community with a focus on suburban living, green spaces, and top-notch schools. For more detailed statistics on family households in Minnesota and across the U.S., check the U.S. Census – Minnesota Quick Facts.

Sources

• Minnetonka Parks and Recreation
• Bing Maps – Italian Restaurants in Minnetonka
• Bing Maps – Mexican Restaurants in Minnetonka
• Bing Maps – BBQ Restaurants in Minnetonka
• Bing Maps – American Restaurants in Minnetonka
• Realtor – Homes for Sale in Minnetonka
• U.S. Census Bureau – Minnetonka Quick Facts
• U.S. Census – Minnesota Quick Facts

How are the schools in Minnetonka, Minnesota?

The Minnetonka School District, formally known as Independent School District 276, offers a comprehensive and high-quality education system. With a strong reputation for academic achievement, the district consistently ranks among the top in Minnesota. The district’s funding comes from a combination of state and local taxes, with a substantial portion allocated for instructional services and special education programs. The Minnetonka School District is known for its excellent student-teacher ratios, modern facilities, and a range of extracurricular activities. Schools in Minnetonka boast high state test scores, strong graduation rates, and a focus on preparing students for college and beyond. For families considering education options, Minnetonka’s schools provide a well-rounded and supportive environment for students of all ages.

Pre-K Schools in Minnetonka

For younger children, Minnetonka offers a variety of preschool options, primarily provided by the Minnetonka Early Learning Program. The district’s early childhood education programs include pre-kindergarten classes that focus on building foundational skills in literacy, math, and social-emotional development. The district offers both half-day and full-day pre-K classes designed for children aged 3-5 years old. The Early Learning Center offers a nurturing environment with a strong emphasis on preparing children for their transition into kindergarten.

Kindergarten Schools in Minnetonka

The Minnetonka School District’s Kindergarten Program provides full-day kindergarten at all elementary schools. The program focuses on developing social, emotional, and academic skills. Kindergarten students are introduced to reading, writing, basic math, and science in a hands-on, engaging environment. The curriculum is aligned with Minnesota’s state standards, and the district emphasizes differentiated instruction to meet the needs of all learners.

Elementary Schools in Minnetonka

Minnetonka has several highly-rated elementary schools, including:

• Clear Springs Elementary: A top-ranked school known for its strong academic performance and active parent involvement. Clear Springs offers a wide range of enrichment activities and a strong STEM program. Clear Springs Elementary School webpage.
• Groveland Elementary: A diverse school with a commitment to inclusivity and a strong arts program. Groveland places a high emphasis on critical thinking and problem-solving skills. Groveland Elementary School webpage.
• Minnewashta Elementary: Known for its strong community engagement, Minnewashta is a school with a focus on academic excellence and character development. Minnewashta Elementary School webpage.

Middle Schools in Minnetonka

Minnetonka has several well-regarded middle schools that cater to students in grades 6-8:

• Minnetonka Middle School West: Offers an academically rigorous curriculum with a strong focus on STEM education and extracurricular activities. The school boasts a variety of sports teams, fine arts programs, and academic clubs. Middle School West webpage.
• Minnetonka Middle School East: Known for its diverse and inclusive community, Middle School East provides a strong foundation in both core subjects and electives such as technology and foreign languages. Middle School East webpage.

High Schools in Minnetonka

The Minnetonka High School is one of the top-rated high schools in the state of Minnesota. It is known for its academic rigor, extracurricular offerings, and high graduation rate. The school offers Advanced Placement (AP) courses, International Baccalaureate (IB) programs, and a wide range of extracurricular activities, including sports, fine arts, and academic clubs. The school also has a strong focus on college readiness, with a high percentage of students pursuing higher education.

Colleges & Universities in Minnetonka

While Minnetonka does not have its own large universities, it is located near the city of Minneapolis, which is home to several renowned colleges and universities. Notable institutions include:

• University of Minnesota: A major research university located in Minneapolis, offering a broad range of undergraduate and graduate programs. University of Minnesota website.
• Northwestern University: An acclaimed private university in nearby St. Paul, offering undergraduate and graduate programs with a focus on the liberal arts. University of St. Thomas website.
• Hamline University: A private liberal arts university located in St. Paul, offering various undergraduate programs. Hamline University website.

Churches in Minnetonka, Minnesota

• Minnetonka Covenant Church
• Christ the King Lutheran Church
• Trinity Lutheran Church
• St. Luke’s Lutheran Church
• Holy Trinity United Methodist Church
• Minnetonka United Methodist Church
• Church of St. Philip the Deacon
• Wayzata Evangelical Free Church

Conclusion: Why you should consider moving to Minnetonka, Minnesota

Minnetonka, Minnesota offers a unique blend of suburban tranquility with access to urban amenities, making it an ideal location for families, professionals, and retirees alike. With top-rated schools, a variety of parks, and a robust community atmosphere, it’s a place where you can truly feel at home. The area boasts excellent safety, a thriving job market, and a variety of recreational options to suit all interests—from hiking trails to cultural events. With strong housing markets, competitive property values, and a wealth of local amenities, Minnetonka is a place where you can enjoy a high quality of life without sacrificing convenience.

What makes Minnetonka even more appealing is its balance of peaceful suburban living and proximity to the bustling Twin Cities. Whether you’re looking to build a family home, start a career, or enjoy a comfortable retirement, Minnetonka provides a welcoming environment with everything you need. With exceptional public services, a commitment to maintaining green spaces, and an inclusive community, it’s no wonder that Minnetonka continues to attract those who want the best of both worlds. Moving here means choosing a city that offers the right combination of opportunity, serenity, and connection.