Minnetonka, MN Cost Of Living
Minnetonka's Overall Cost Of Living
Higher Than The National Average
In Minnesota
In America
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 121 which is 1.2x higher than the national index of 100.
Compared to only Minnesota, Minnetonka has a cost of living index that's 1.2x higher than Minnesota's index of 104.
The standard of living in Minnetonka ranks as #4,859 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Minnetonka ranks as the #1,560 most expensive place in the North Star State.
Minnetonka Cost Of Living Vs. Minnesota
| Living Expense | Minnetonka | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 121 | 104 | 100 | |
| Services | 109 | 106 | 100 | |
| Groceries | 104 | 102 | 100 | |
| Health | 100 | 113 | 100 | |
| Housing | 154 | 101 | 100 | |
| Transportation | 102 | 102 | 100 | |
| Utilities | 98 | 98 | 100 | |
Minnetonka, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Minnetonka | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $362,100 | $235,700 | $229,800 |
| Median Rent | $1,467 | $1,010 | $1,096 |
| Median Income | $100,363 | $73,382 | $64,994 |
| Home Value To Income | 3.6x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Detailed Minnetonka Services Costs Vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Shampoo | $1.09 | $1.06 |
| Movie | $9.96 | $10.68 |
| Bowling | $22.57 | $14.67 |
Detailed Minnetonka Groceries Costs Vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Ground Beef | $4.4 | $4.22 |
| Fried Chicken | $2.1 | $1.39 |
| Milk | $2.6 | $2.05 |
Detailed Minnetonka Health Costs Vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Haircut | $24.2 | $18.62 |
| Beauty Salon | $34.39 | $39.05 |
| Toothpaste | $3.36 | $2.34 |
Detailed Minnetonka Transportation Costs Vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Potatoes | $3.32 | $3.29 |
| Pizza | $12.99 | $10.62 |
| Beer | $8.96 | $9.38 |
| Optometrist | $89.59 | $108.57 |
| Doctor | $147.85 | $116.17 |
| Dentist | $86.94 | $99.13 |
Detailed Minnetonka Utilities Costs Vs. Minnesota
| Item | Minnetonka | Minnesota |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $58.37 | $50.07 |
| All Electricity | $160.63 | $167.67 |
| Phone | $180.98 | $175.64 |
Minnetonka SnackAbility
/10
Cost Of Living In Cities Around Minnetonka
| City | Population | Cost Of Living | Vs. Minnetonka |
|---|---|---|---|
| Plymouth, MN | 78,879 | 122 | 1.0x |
| Maple Grove, MN | 71,569 | 117 | 1.0x |
| Eden Prairie, MN | 64,481 | 121 | 1.0x |
| Edina, MN | 52,215 | 135 | 1.1x |
| St. Louis Park, MN | 48,874 | 113 | 0.9x |
| Shoreview, MN | 26,922 | 110 | 0.9x |
| Champlin, MN | 24,980 | 110 | 0.9x |
| Hopkins, MN | 18,400 | 104 | 0.9x |
| Rogers, MN | 13,183 | 120 | 1.0x |
| Mendota Heights, MN | 11,339 | 125 | 1.0x |
