Minnetonka, MN
53,064Residents
$119,517Median household income
$1,779/moMedian gross rent
$475,800Median home value
42.9Median age
65%Adults with a bachelor’s degree or higher
72%Homes lived in by their owners
4.0×Home value to household income
Median rent takes about 18% of the median household income in Minnetonka.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $71,000 a year. In Minnesota that leaves roughly $4,496 a month after tax. See the full paycheck breakdown for $70,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.