Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Minnetonka, MN Population, Income & Demographics 2026

Showing latest census year. Full demographic history available with a paid plan. View plans →

Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

53,064

Median Agei

42.9

Race & Ethnicityi

White

80.9%42,932

Asian

6%3,168

Two or More

4.3%2,280

Black

4.2%2,217

Hispanic/Latino

4.1%2,159

Other

0.4%217

American Indian/Alaska Native

0.2%91

Educational Attainment (Age 25+)i

GED/Alternative

0.5%206

High School Diploma

10.5%4,140

Some College (<1 yr)

4.2%1,671

Some College (1+ yr)

10.5%4,155

Associate's Degree

7.4%2,932

Bachelor's Degree

39.8%15,684

Master's Degree

17.7%6,958

Professional Degree

5.2%2,046

Doctorate

2.4%934

HS or Higher

98.3%

BA or Higher

65%

Graduate+

25.2%

Housingi

Median Home Valuei

$475,800

Median Renti

$1,779

Tenure

Owner-Occupied

71.6%16,834

Renter-Occupied

28.4%6,681

Total Units

24,760

Homeownership

71.6%

Vacancy Rate

Home Values

Under $50K

1.3%217

$50K–$100K

0.8%137

$100K–$150K

1.4%244

$150K–$200K

2.9%492

$200K–$300K

9.1%1,526

$300K–$500K

39.9%6,722

$500K–$1M

38.3%6,447

$1M+

6.2%1,049

Rent Distribution

Under $500

217

$500–$750

167

$750–$1,000

$1,000–$1,250

424

$1,250–$1,500

700

$1,500–$2,000

3,139

$2,000+

1,917

Year Built

2020 or later

2.5%617

2010–2019

7.3%1,819

2000–2009

5.8%1,439

1990–1999

12%2,963

1980–1989

24.1%5,965

1970–1979

15%3,713

1960–1969

11.7%2,890

1950–1959

16.7%4,145

1940–1949

2.4%593

1939 or earlier

2.5%616

Heating Fuel

Utility Gas

79.1%18,589

Electricity

17.8%4,188

Bottled/LP Gas

1.2%274

Other

1%241

No Fuel

0.6%150

Fuel Oil

0.3%68

Wood

0%5

Economyi

Median Household Incomei

$119,517

Mean Household Incomei

$167,587

Per Capita Incomei

$75,502

Poverty Ratei

5.9%

Unemploymenti

Labor Forcei

29,548

Household Income Distribution

Under $10K

2.9%686

$10K–$15K

1.8%424

$15K–$20K

1.4%334

$20K–$25K

1.6%386

$25K–$30K

1.3%294

$30K–$35K

1.6%366

$35K–$40K

2.2%529

$40K–$45K

2.9%684

$45K–$50K

2.7%638

$50K–$60K

3.7%859

$60K–$75K

8.2%1,936

$75K–$100K

10.8%2,530

$100K–$125K

11.2%2,628

$125K–$150K

8.2%1,920

$150K–$200K

14.1%3,316

$200K+

25.5%5,985

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

706

Residentsi

1,441

Avg. Tenant Renti

$486/mo

Avg. Waitlisti

27 months

Programs in this community

Public Housing7 homes

Government-owned housing managed by local housing authorities

Housing Choice Vouchers342 homes96% occupied$551/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 8287 homes93% occupied$417/mo rent

Privately owned apartments with rent subsidies tied to the building

202/PRAC44 homes80% occupied$356/mo rent

811/PRAC26 homes95% occupied$612/mo rent

Household Incomei

Based on area median of $119,517/yr

Extremely low incomeUnder $36K/yr

83.9%

Very low income$36K–$60K/yr

12.9%

Low income$60K–$96K/yr

3.2%

Who Receives This Housing

76.3% of subsidized households are headed by a single mother

55.4% of subsidized households are minority

23.1% of subsidized households include someone with a disability

41.9% of subsidized households include a senior (62+)

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

5,98011.3%

By Region

Top Countries

India

1,168

China

436

Canada

418

Korea

206

Germany

110

United Kingdom

106

Mexico

Guatemala

Commute & Transportationi

Workersi

28,309

Avg. Commutei

19.3 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

28,664

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

1,872(4.5% of civilian adults)

Health Insurancei

98.7%Insured

1.3%Uninsured