Cost of living in Minnetonka, Minnesota

Minnetonka, Minnesota has about 53,064 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $475,800.

HUD's fair-market rent for a 2-bedroom in Hennepin County is $1,734 a month. That is the county number, not an apartment listing in Minnetonka. It runs from October 2026 through September 2027.

In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, prices sit at 104.8 when the U.S. average is 100. That is a 2024 BEA index.

Minnesota taxes wages. A typical combined sales tax is 8.1% as of January 1, 2026. That mix is statewide, not Minnetonka's exact store tax.

In July 2026, a typical Minnesota home paid 17.45¢ per kilowatt-hour. That is a state average from EIA, not Minnetonka's bill.

In 2025, all-grades gas in Minnesota averaged $3.02 a gallon. EIA prints this yearly price for only some states.

Among 338 places we list in Minnesota with a rent figure, 31 have higher typical rent than Minnetonka.