Minnetonka, Minnesota Population 2026
Updated April 2026 · US Census ACS 2023 5-Year Estimates
The population of Minnetonka, Minnesota is 53,256 as of the 2023 American Community Survey, making it the 18th-largest city in Minnesota. The median household income is $120,496, the median home value is $456,200, and the median age is 42.8.
The population has grown 5.7% since 2010 (49,796 → 52,651).
53,256
Population
1978
People / sq mi
$120,496
Median Income
$456,200
Median Home Value
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Minnetonka covers 26.9 sq mi of land at 1978 people per square mile.
About Minnetonka, MN
Remote work is unusually prominent in Minnetonka: 25.8% of workers primarily work from home, above the 14.0% national rate. With 53,256 residents, Minnetonka is a city in Minnesota. It ranks #18 among cities in Minnesota by population.
Households take in a median $120,496, comfortably above the US median of $78,538. Poverty is relatively low for US cities at 2.5%, below the national 12.4%. The median home value is $456,200, with typical rent around $1,758.
Degree attainment is near the top of the range for US cities: 63.3% of adults 25+ hold a bachelor’s, above the 35.0% national rate. An unusually large 25.8% of workers are remote, above the national 14.0%, and the average commute runs about 20 minutes each way.
The remote-work concentration is telling in Minnetonka — it skews toward higher-income, college-educated workers and reshapes both commute patterns and housing demand.
Minnetonka city Population History (2010-2024)
The city of Minnetonka city had a population of 49,796 in 2010 and 52,651 in 2024, a 5.7% growth over 14 years. The peak was 54,107 in 2020. Average annual growth rate: 0.40%.
52,651
Population (2024)
49,796
Population (2010)
54,107
Peak (2020)
0.40%
Avg Annual Growth
| Year | Population |
|---|---|
| 2010 | 49,796 |
| 2011 | 50,646 |
| 2012 | 51,232 |
| 2013 | 51,437 |
| 2014 | 51,555 |
| 2015 | 51,739 |
| 2016 | 52,447 |
| 2017 | 52,910 |
| 2018 | 53,883 |
| 2019 | 54,064 |
| 2020 | 54,107 |
| 2021 | 53,237 |
| 2022 | 52,657 |
| 2023 | 52,678 |
| 2024 | 52,651 |
Race & Ethnicity
| White | 81.8% |
| Black or African American | 3.9% |
| Asian | 0.0% |
| Hispanic or Latino (any race) | 1.1% |
| Two or More Races | 0.0% |
Economy & Income
$120,496
Median Household Income
$73,713
Per Capita Income
2.5%
Poverty Rate
1.5%
Unemployment Rate
Housing
$456,200
Median Home Value
$1,758
Median Rent
72.5%
Owner-Occupied
Education
97.3%
High School+
63.3%
Bachelor's+
Commute
0.9%
Drive Alone
66.3%
Public Transit
25.8%
Work From Home
20.1 min
Avg Commute
Community Profile
25.8%
Foreign Born
86.0%
Non-English at Home
4.8%
Veterans
9.1%
With Disability
98.1%
Health Insurance
97.0%
Internet Access
Employment by Industry
| Professional, Scientific & Management | 22.8% |
| Finance, Insurance & Real Estate | 17.8% |
| Manufacturing | 12.8% |
| Information | 11.8% |
| Education, Health Care & Social Services | 6.6% |
| Construction | 3.4% |
| Retail Trade | 3.2% |
| Arts, Entertainment & Food Services | 3.1% |
| Public Administration | 2.4% |
| Transportation & Warehousing | 1.5% |
| Agriculture & Mining | 0.3% |
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City rankings
Frequently Asked Questions
Minnetonka, Minnesota has a population of 53,256 according to the US Census Bureau's 2023 American Community Survey 5-year estimates, making it the 18th-largest city in Minnesota.
The median household income in Minnetonka, Minnesota is $120,496, with 2.5% of residents living below the federal poverty level.
The median home value in Minnetonka, Minnesota is $456,200, with median monthly rent at $1,758 and a homeownership rate of 72.5%.
The median age in Minnetonka, Minnesota is 42.8 years. The population is 49.3% male and 50.7% female.
The population has grown 5.7% since 2010 (49,796 → 52,651).
Where to stay in Minnetonka
Visiting or relocating to Minnetonka, MN? Compare hotels and short-term rentals across the metro — live availability and prices.
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Data from the American Community Survey (ACS) 5-Year estimates.
Source: U.S. Census Bureau ACS, 2026.