Shakopee, MN
Population 45,002 · Minnesota
About Shakopee, MN
Shakopee is a mid-sized city in Minnesota with a population of 45,002 residents. The median household income is $110,989 per year, which is above the national average. The median age in Shakopee is 35.5 years.
Housing in Shakopee has a median home value of $361,400 and median monthly rent of $1,495. Of the 16,491 total housing units, the majority are owner-occupied, with 12,360 owner-occupied and 3,734 renter-occupied units.
The unemployment rate in Shakopee is 3.6% and the poverty rate is 5.1%. 39.9% of residents hold a bachelor's degree or higher. The average commute time is 22.2 minutes.
How Shakopee Ranks in Minnesota
Cost of Living in Shakopee, MN
Compared to national averages, Shakopee has a median household income of $110,989 (48% above the national median of $75,149). Home values average $361,400, which is 48% above the national median. Monthly rent at $1,495 is 29% above the US average of $1,163. Within Minnesota, Shakopee's income is 50% above the state average of $74,221, and home values are 77% above the state median of $204,472.
Why Live in Shakopee, MN?
Shakopee offers a strong local economy with a median household income of $110,989, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 39.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.1%, better than the national average, and short commute times averaging just 22.2 minutes.
Shakopee has a population of 45,002 with a median age of 35.5 years. Compare Shakopee with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Shakopee
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mankato | 44,882 | $64,826 | $250,600 | Compare |
| Moorhead | 44,706 | $69,371 | $246,300 | Compare |
| Maplewood | 40,981 | $88,534 | $291,300 | Compare |
| St. Louis Park | 49,541 | $100,250 | $371,600 | Compare |
| Cottage Grove | 40,124 | $121,452 | $359,600 | Compare |
| Edina | 53,125 | $129,225 | $624,000 | Compare |
| Minnetonka | 53,256 | $120,496 | $456,200 | Compare |
| Richfield | 36,725 | $84,055 | $320,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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 Shakopee
What is the population of Shakopee, MN?
The population of Shakopee, MN is 45,002 according to the latest Census data.
What is the median household income in Shakopee?
The median household income in Shakopee, MN is $110,989 per year.
What is the median home value in Shakopee?
The median home value in Shakopee, MN is $361,400.
What is the average rent in Shakopee?
The median monthly rent in Shakopee, MN is $1,495.
What is the unemployment rate in Shakopee?
The unemployment rate in Shakopee, MN is 3.6%.