Is Minnetonka, Minnesota a Good Place To Live? - Living In Minnetonka, MN
Is Minnetonka, Minnesota a good place to live?
Minnetonka is a city in Minnesota state in USA with a population of 53760 residents..
The poverty rate of Minnetonka is 3.5%, which is 75% lower than national average.
The typical household in Minnetonka earns $100363 a year, compared to the national median of $67,500.
Nearly 22.6% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Minnetonka, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Minnetonka remained 2.3%, which is 51% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Minnetonka, only 61% of adults have a bachelor's degree and 23% have some college but no degree.
Cost of living in Minnetonka is 121, which is 21% higher than national average. Median home value in Minnetonka is $362100 , which is 58% higher than national average. While median income in Minnetonka remained $100363, which is 49% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
A high school education is a basic prerequisite for most jobs, and in Minnetonka, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Minnetonka remained 2.3%, which is 51% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Minnetonka, only 61% of adults have a bachelor's degree and 23% have some college but no degree.
Cost of living in Minnetonka is 121, which is 21% higher than national average. Median home value in Minnetonka is $362100 , which is 58% higher than national average. While median income in Minnetonka remained $100363, which is 49% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
53760
Unemployment
2.3%
Poverty
3.5%
Overall Score
10
Median Home Cost
$362100
58%
NAT AVG.
Median Income
$100363
49%
NAT AVG.
Median Rent
$1467
26%
NAT AVG.
Cost Of Living
121
21%
NAT AVG.
People Living BPL
1 in 29
Unemployed People
1 in 43
People Earning < $10,000
1 in 36
People Earning < $50,000
22.6%
People with <= High School
1 in 6.3
People With Any Degree
1 in 1.5
Pros & Cons Overview
Jobs90%
Housing90%
Affordability70%
Safety85%
Amenities90%
Diversity70%
Education90%
Commute80%
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