Minnetonka Beach, MN
Population 410 · Minnesota
About Minnetonka Beach, MN
Minnetonka Beach is a small community located in Minnesota with a population of 410 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 49.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Minnetonka Beach features a median home value of $2,000,001, which is 717% above the national median of $244,900. This places Minnetonka Beach in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 184 total housing units, 95% are owner-occupied (153 units) and 5% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Minnetonka Beach shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Minnetonka Beach have an average one-way commute time of 25.2 minutes.
Education & Demographics
74.8% of Minnetonka Beach residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 2.0% of the population being foreign-born.
How Minnetonka Beach Ranks in Minnesota
Cost of Living in Minnetonka Beach, MN
Compared to national averages, Minnetonka Beach has a median household income of $250,001 (233% above the national median of $75,149). Home values average $2,000,001, which is 717% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Minnetonka Beach's income is 237% above the state average of $74,221, and home values are 878% above the state median of $204,472.
Why Live in Minnetonka Beach, MN?
Minnetonka Beach offers a strong local economy with a median household income of $250,001, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.5%. Additionally, the city features a well-educated community where 74.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $2,000,001. However, Minnetonka Beach’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Minnetonka Beach has a population of 410 with a median age of 49.1 years. Compare Minnetonka Beach with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Economy & Education
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Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Minnetonka Beach
What is the population of Minnetonka Beach, MN?
The population of Minnetonka Beach, MN is 410 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Minnetonka Beach?
The median household income in Minnetonka Beach, MN is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Minnetonka Beach?
The median home value in Minnetonka Beach, MN is $2,000,001, which is 717% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Minnetonka Beach?
The median monthly rent in Minnetonka Beach, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Minnetonka Beach?
The unemployment rate in Minnetonka Beach, MN is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Minnetonka Beach, MN a good place to live?
Minnetonka Beach offers above-average incomes, a competitive housing market, and a strong job market. With a population of 410 and a median age of 49.1, the city appeals to established professionals and retirees.
How educated is Minnetonka Beach, MN?
74.8% of residents in Minnetonka Beach aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Minnetonka Beach?
Key cost-of-living indicators for Minnetonka Beach, MN: median home value is $2,000,001 (717% above national), median rent is $0/month, and median household income is $250,001. The home-value-to-income ratio is 8.0x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Minnetonka Beach?
The poverty rate in Minnetonka Beach, MN is 0.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Minnetonka Beach, MN?
Minnetonka Beach's population is 2.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 0.0% two or more races. 2.0% of residents are foreign-born.