Minnetonka is a city located in Hennepin County, Minnesota. Minnetonka has a 2026 population of 51,923. Minnetonka is currently declining at a rate of -0.7% annually and its population has decreased by -4.04% since the most recent census, which recorded a population of 54,107 in 2020.
The median household income in Minnetonka is $119,517 with a poverty rate of 5.94%. The median age in Minnetonka is 42.9 years: 42.2 years for males, and 43.9 years for females. For every 100 females there are 96.0 males.
Data after 2023 is projected based on recent change
Overall: 42.9 years
Female: 43.9 years
Male: 42.2 years
There are 41,736 adults, (12,084 of whom are seniors) in Minnetonka.
Female: 27,077 (51%)
Male: 25,987 (49%)
The racial composition of Minnetonka includes 81.52% White, 5.98% Asian, 4.19% Black or African American, and smaller percentages for other race, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 43,256 | 81.52% |
| Two or more races | 3,668 | 6.91% |
| Asian | 3,175 | 5.98% |
| Black or African American | 2,224 | 4.19% |
| Other race | 624 | 1.18% |
| Native American | 117 | 0.22% |
Minnetonka 's average per capita income is $76,477. Household income levels show a median of $119,517. The poverty rate stands at 5.94%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $176,453 | - |
| Families | $161,443 | $213,621 |
| Households | $119,517 | $167,587 |
| Non Families | $73,512 | $93,048 |
Average Income
Median Household Income
Poverty Rate