Tonka Bay, MN
Population 1,361 · Minnesota
About Tonka Bay, MN
Tonka Bay is a small community in Minnesota with a population of 1,361 residents. The median household income is $151,563 per year, which is above the national average. The median age in Tonka Bay is 57.7 years.
Housing in Tonka Bay has a median home value of $869,900 and median monthly rent of $2,299. Of the 619 total housing units, the majority are owner-occupied, with 494 owner-occupied and 75 renter-occupied units.
The unemployment rate in Tonka Bay is 9.1% and the poverty rate is 3.2%. 64.8% of residents hold a bachelor's degree or higher. The average commute time is 26.1 minutes.
How Tonka Bay Ranks in Minnesota
Cost of Living in Tonka Bay, MN
Compared to national averages, Tonka Bay has a median household income of $151,563 (102% above the national median of $75,149). Home values average $869,900, which is 255% above the national median. Monthly rent at $2,299 is 98% above the US average of $1,163. Within Minnesota, Tonka Bay's income is 104% above the state average of $74,221, and home values are 325% above the state median of $204,472.
Why Live in Tonka Bay, MN?
Tonka Bay offers a strong local economy with a median household income of $151,563, well above the national average, and a well-educated community where 64.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $869,900. However, Tonka Bay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tonka Bay has a population of 1,361 with a median age of 57.7 years. Compare Tonka Bay with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Tonka Bay
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Appleton | 1,360 | $40,117 | $71,300 | Compare |
| Fulda | 1,348 | $68,056 | $155,100 | Compare |
| Hayfield | 1,382 | $69,688 | $173,000 | Compare |
| Richmond | 1,336 | $67,381 | $225,500 | Compare |
| Wheaton | 1,334 | $52,260 | $82,200 | Compare |
| Dassel | 1,332 | $59,750 | $218,900 | Compare |
| Renville | 1,397 | $73,750 | $109,700 | Compare |
| New York Mills | 1,319 | $51,696 | $144,900 | 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 Tonka Bay
What is the population of Tonka Bay, MN?
The population of Tonka Bay, MN is 1,361 according to the latest Census data.
What is the median household income in Tonka Bay?
The median household income in Tonka Bay, MN is $151,563 per year.
What is the median home value in Tonka Bay?
The median home value in Tonka Bay, MN is $869,900.
What is the average rent in Tonka Bay?
The median monthly rent in Tonka Bay, MN is $2,299.
What is the unemployment rate in Tonka Bay?
The unemployment rate in Tonka Bay, MN is 9.1%.