What is the cost of living in Minnetonka, MN?
According to the most recent data on the cost of living, Minnetonka has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Minnesota, Minnetonka has a cost of living index that's 1.3x higher than Minnesota's index of 101.
The standard of living in Minnetonka ranks as #140 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Minnetonka ranks as the #11 most expensive place in the North Star State.
For more reading on life in Minnetonka, check out:
Minnetonka Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Minnetonka. Here is how it fares on each of the criteria:
The Services index in Minnetonka is 98.
The Groceries index in Minnetonka is 99.
The Health index in Minnetonka is 186.
The Housing index in Minnetonka is 104.
The Transportation index in Minnetonka is 105.
The Utilities index in Minnetonka is 97.
| Living Expense | Minnetonka | Minnesota | National Average |
|---|---|---|---|
| Overall | 127 | 101 | 100 |
| Services | 98 | 101 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 186 | 99 | 100 |
| Housing | 104 | 101 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 97 | 101 | 100 |
Minnetonka Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Minnetonka Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Minnetonka, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Minnetonka is $483,591.
The Median Rent in Minnetonka is $1,779.
The Median Income in Minnetonka is $119,517.
The Home Value To Income in Minnetonka is 4.0x.
The Rent To Monthly Income in Minnetonka is 0.18x.
| Statistic | Minnetonka | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $483,591 | $346,667 | $332,700 |
| Median Rent | $1,779 | $1,280 | $1,413 |
| Median Income | $119,517 | $89,062 | $80,734 |
| Home Value To Income | 4.0x | 3.9x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.21x |
Minnetonka, MN Costs By Category
Detailed Minnetonka Services costs vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $11.32 | $12.13 |
| Bowling | $25.68 | $18 |
| Haircut | $25.86 | $24.26 |
| Beauty Salon | $37.0 | $45.56 |
Detailed Minnetonka Groceries costs vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $4.76 | $4.93 |
| Pizza | $13.0 | $12.09 |
| Beer | $9.44 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Minnetonka Health costs vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Optometrist | $112.72 | $125.68 |
| Doctor | $164.15 | $135.78 |
| Dentist | $95.01 | $113.29 |
Detailed Minnetonka Transportation costs vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Gasoline | $3.32 | $3.46 |
| Tire Balancing | $59.91 | $59.92 |
Detailed Minnetonka Utilities costs vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| All Electricity | $180.11 | $193.99 |
| Phone | $187.59 | $192.25 |
Minnetonka SnackAbility
Cost Of Living In Cities Around Minnetonka
The cost of living varies in the cities and towns around Minnetonka. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 124, 1.0x Minnetonka.
Maple Grove, MN has a cost of living index of 117, 0.9x Minnetonka.
Eden Prairie, MN has a cost of living index of 128, 1.0x Minnetonka.
| City | Population | Cost Of Living | Vs. Minnetonka |
|---|---|---|---|
| Plymouth, MN | 79,220 | 124 | 1.0x |
| Maple Grove, MN | 71,173 | 117 | 0.9x |
| Eden Prairie, MN | 63,051 | 128 | 1.0x |
| Edina, MN | 53,262 | 141 | 1.1x |
| St. Louis Park, MN | 49,594 | 116 | 0.9x |
| Shoreview, MN | 26,714 | 116 | 0.9x |
| Champlin, MN | 23,294 | 111 | 0.9x |
| Hopkins, MN | 18,819 | 112 | 0.9x |
| Rogers, MN | 13,685 | 124 | 1.0x |
| Mendota Heights, MN | 11,612 | 126 | 1.0x |
